TYBCOM Cost Accounting Semester 5 Paper Solution 2023 University of Mumbai

TYBCOM Cost Accounting Semester 5 Paper Solution 2023 University of Mumbai

ANSWER KEY TYB.COM SEM-5, COST ACCOUNTING (SUBJECT CODE: 23107)

Q1 A. Select the most appropriate option and rewrite the full sentence  (1 mark for each answer, maximum 10 marks.

1. a.Direct
2. a.Direct
3. d.Opportunity Cost
4. a.EOQ
5. b.Category B
6. a.FIFO
7. a.Piece work plan
8. c.Rowan Syatem.
9. a.Prime Cost
10. b.Factory Cost.
11. c.18000
12. .d.12000

Answer 1-c; 2-e; 3-i; 4-k; 5-j; 6-b; 7-h; 8-d; 9-g; 10-l; 11-a; 12-f

Q2A

M/s. Ashish Manufacturing Company manufactures two types of products viz. M and N. The information for the year ended on 31st March, 2022 is as under:

Additional Information:

1. Factory expenses are charged at 20% of prime cost.
2. Office expenses are charged at 25% of works cost
3. 6,000 units of product M were produced of which 4,500 units were sold and 15,000 units of product N were produced of which 13,500 units were sold.
4. Selling expenses are Rs.45 per unit for product M and Rs.60 per unit for product N.
5. Company charges a profit at 20% on sales for both the products
   Prepare a cost sheet showing the cost and profit in total as well as in per unit

2B (i)
From the following information value closing stock as on 30-9-2023 applying Weighted
Average Method.

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