Cost accounting MCQ solutions

Cost accounting MCQ solutions Bcom sem3

    

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6)  X ltd., has three departments Q occupies area 5,000 Sq. Ft. and N the Department Factory, Department R occupies area Occupied 6,000 area Sq. Ft., 4,000 of Sq. Ft., Depart1nent the factory. Rent  Paid for the month of September, 2019 1s Rs. 30,000. Find out amount of rent chargeable to Department R.

A. 33000 B.20000 C.10000 D. 5000

Ans:

C.10000

Particular Total P Q R

Area: (4:6:5) 15000 4000 6000 5000

Rent (4:6:5) 30000 8000 1200 30000*5/15= 10000

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8)14. The Cost Accountants of SIR Ltd, has computed Labour Turnover rate for the year ended on 3ist 

March 2019. as 20%, 10% and 6% respectively under Flux Method, Replacement Method and 

Separation Method. If the number of workers replaced during the year is 60. Find out workers left 

and discharged during the same period.

A. 20  B. 40 

B. 36  D. 18

Ans:

B=36

 flux method: 20 ,Replacement method:10, separation method:6

-> repleshment method

   Labour turnover= number of reples/ average number of worker *100

                             10 = 60/ average number of worker *100

average number of worker = 60/10*100

average number of worker= 600₹

->Separation method:

   Labour turnover= number of separation in period/Average number of worker *100

                6= number of separation in period/600*100

6*600/100= number of separation in period

number of separation in period = 36₹

number of separation in period (left and discharge worker)= 36 

7) 4. Calculate value of X as per Simultancous Equation Method: X= 4,037+20%Y and Y-2.600 +10%X 

A. Rs. 3,061    B. Rs. 4,160 

C. Rs. 2600      D. Rs. 4,650

Ans:

D.4650₹

X= 4037+20% Y

X = 4037+20/1002600+ 10/100 x)

X = 4037+0.2(2600+0.1x)

X= 4037+520+0.02x

1X-0.02X = 4557

X= 4557/0.98

X= 4650

19)  Calculate the issue price per unit for the  Periodic Weighted Average Price Method: Balance on 01.09.19 700 nits @Rs. 24 per unit, Received on 05.09.19  100 units @Rs.23 per unit, Received on 17.09.19 – 500 units@Rs.30 per unit and Received on 28.09.19- 300 units @Rs. 24 per unit.

A. Rs. 27   B. Rs. 24.73 

C.Rs. 25    D. Rs. 23

Ans.

C.25

1100*23 = 25300

500*30 =15000

300*24= 7200

=47500/1900

= 25

25) The standard time allowed for a job is 36 hours and rate per hour is Rs. 30 plus deaness allowance at 

Rs. 10 per hour. Actual time taken by worker is 30 hours. Find out the total eamings of the worker as 

per Rowan bonus plan.

A. Rs. 900 B. Rs. 1,400 

B. Rs. 1,350 D. Rs. 1,200

Ans:

C. 1400₹

ST=36,  AR=(30+10)=40, AT=30, TS= st-at= 36-30=6

Rowan bonus:

= At*Ar + TS/ST *(at*ar)

=30*40+ 6/36* (30*40)

=1200+  0.17*1200

=1200+200 = 1400₹