Dhaka International UniversifY
Faculty of Business Studies
BBA Program
Examination- 2013
1gtr'Batch (Evening)
CC- 604 : Cost Accounting
8'h Semester Finatr
1
5(
Full Marks: 50
Time: 2 7 hours
1.
planning?
a) Why is the budget an essential tool in cost
accounts?
of
Uj Wftut is the purpose of a chafi
2.
a) Define a cost sYstem'
5.5
5
2.5
10
Uj Raiau submits the following data for September:
Direct labor coast TK. 30'000
for over-or under-applied overhead"
Cost of goods sold tk. 1,21,000 before adjusting
labor cost' over-or under-applied
Factor/overhead is appiied at the rate of L50% of direct
factory overhead is closed tot he cost of goods sold accout'
Inventoryaccountsshowedthesebeginningandendingbalances:
September, 1 (Tk.)
September,30 (Tk.)
w-i-P
15,000
tr 1,600
17,000
15,000
Materials
9.000
9,400
Finished goods
48,200
Other data: Factory overhead (actual)
14,100
Marketing expenses
22,000
General & administrative expenses
1,82,000
Sales for the month
showing the cost of goods manufactured
Required: Prepare an income statement with schedule
and cost ofgoods sold.
3.
following costs and other data pertaining to one of its
a) Le Master company has obtained the
4"5
materials:
Working daYs Per Year
Normal use Per daY
Maximum use Per daY
Minimum use Per daY
Lead time
Variable cost of Placing one order
Variable carrying cost per unit per year
Required: ComPute the following:
ilgbq ii) Safety Stock iii) Oider Point
and
250
500 units
600 units
100 units
5 days
Tk.36.00
Tk.4.00
iv) Normal Maximum Inventory
rated at 47,500 machine hours per month" At
b) Mita company's normal operating capacity is
to be T'k' 17,100 and variable factory
the operating level. ?r;; fu"tory overhead is estimated
During November, the company operated 50'000
overhead is estimated to be tl. zo,9oo"
4
the month totaled Tk' 39,300 '
machine hours, Actual factory overhead for
overhead and (ii) the spending and
Required: compute (i) The over or under-applied factory
idle capacitY variances.
(c) \lonthl1 usage 150 units. cost of Placing and Receiving one order Tk.
Materials per unit Tk. 5 carrying cost 10% of inventory value.
Required: ComPute the EOQ:
corporation:
4. The follorving data arcprovided by the controller of metaxen
12.5
Tk.240,000
Cash........
Accounts receivable
January I
Finished goods
Work in process
Materials
348,000
December 31
Tk' 44204
Tk.66,000
29,800
88'000
38,000
64,000
Tk.366,000
Materials Purchased
8,000
Sales discount
468,000
Factory overhead (excluding depreciation)"""""'
344,200
Markeiing and administrative expenses ((excluding depreciation)' "
Depreciatlon (9 0 % manufactu ring, l 0o/o marketing and1i6,000
administrative expenses ...'........
1,844,000
523,600
6,600
64,000
16,000
Sales
Direct' labor ............
Freight on materials purchased
Rental income
Interest on bonds PaYable
...""""
Required: Prepare a cost of good sold and income statement.
for the construction of a bridge'
5. CV construction co. obtained a contract of Tk. 12,00,000
particular regarding the work are given'
The work started on 1', October 2007.The following
F;;d;;;;;rJ.t;,
:o'o
s.pt"-b'r
2oo8
Plant and rnachinery Purohased
Wages paid
Raw materials sent to side
Direct expenses
General overhead aPPortioned
Wages due on 30'h SePtember 2008
Rari material on hand in site 30th September 2008
Direct expenses due 30th September 2008
Works not certified
Cashed received 80% of the work certified
t2
s
TK
6000
3,40000
3,36,000
8,000
32,000
2800
4000
1200
14,000
600,000
value is zero'
The trife of the plan and machinery is 5 years and the residual
September 2008
R.equired: prepare the contract accouni for the year ended 30t1'
6. Write short note any FOUR oithe
i) Lead time
ii) Safety stock
1i,]
,;ffitloJt
v) EoQ
following
ra"ut capacitv variance
12'5