BCOC-138 English Medium Solved Assignment 2025

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BCOC-138 English Medium Solved Assignment 2025 Available

Q.1 State the importance of costing in a modern economy.
Q.2 What do you understand by ABC analysis? How is the control of stores items effected through ABC analysis?
Q.3 What are the different methods of incentives? Discuss any one of the systems of bonus or premium which you consider as effective.
Q.4 Explain the computation of machine hour rate with the help of an example.
Q.5 A factory uses job costing. The following data is obtained from its books for the
year ended 31st December, 2023;
Rs. Rs.
Direct Materials 90,000 Selling and Distribution Overheads 52,500
Direct Wages 75,000 Administration Overheads 42,000
Profit 60,900 Factory Overheads 45,000
a) Prepare a Job Cost Sheet indicating the Prime Cost, Works Cost, Cost of
Production, Cost of Sales and Sales Value.
b) In 2023, the factory received an order for a number of jobs. It was estimated that
direct materials required would be for Rs. 1,20,000 and direct labour would cost
Rs. 75,000. What should be the price for these jobs if factory intends to earn the
same rate of profit on sales as in 2023, assuming that the selling and distribution
overheads had gone up by 15%? The factory recovers factory overheads as a
percentage of direct wages and administration and selling and distribution
overheads as a percentage of works cost.

Section – B
Q.6 State how you would ascertain the actual profit on an incomplete contract. How far such profit is taken to Profit and Loss Account.
Q.7 State the main characteristics of process costing and outline the costing procedure thereof.
Q.8 Explain the various methods of accounting for by – products.
Q.9 What do you mean by ‘Equivalent Production’?
Q.10 A transport company runs buses at two places – A and B. From following
particulars calculate (a) Total kilometers (b) Total passenger kilometers for both
places.
A B
Number of buses 4 5
Days operated in a month 30 25
Trip made by each bus 4 4
Distance of route (one way) 30 kilometers 25 kilometers
Capacity of bus 60 passengers 50 passengers
Normal passengers travelling 80% of capacity 90% of capacity

Section – C
Q.11 Distinguish between the following:
a) Direct costs and Indirect costs
b) First in First out method (FIFO) and Last in First out method (LIFO)
c) Time Wage System and Piece Wage System
d) Job costing and Contract costing

Q.12 Write short notes on the following:
a) Cost Unit
b) Payroll Accounting
c) Process Loss
d) Integral Accounting