NEB Class 12 Account Question Paper with Solutions | Grade 12 NEB Account Questions with Answers

Sudip Chaudhary
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Class 12 NEB Accounts Question Paper with Solutions

This is the collection of NEB class 12 account questions with solutions. We hope that this collection of solutions will help you clear the doubt you are having on account subjects. 














Practice yourself questions for account class 12

[4+6]

1.  Cost information of a manufacturing company is given below. 


Direct material:... 30,000 units @Rs. 20: Rs. 6,00,000     Direct labor cost...... Rs. 3,00,000
Factory overhead.......................Rs. 1,80,000          Administrative overhead... Rs. 1,08,000
Selling and distribution overhead................Rs. 54,000 
The following estimation of cost was made for submitting a tender.
Direct material............................20,000 units @Rs. 25
Direct labor cost........................................Rs. 2,50,000

Basis of allocation of overhead:
  • Factory overhead based on prime cost:
  • Administrative overhead based on factory cost
  • Selling and distribution expenses based on factory cost
  • Net profit - 10 percent of sales
Required: a. Cost sheet of the previous period.       b. Tender sheet

Ans: (a) Total cost Rs. 12,42,000; (b) Tender Price Rs. 11,50,000


[4+6] 

2. A production unit showed the following details of its production cost for 2000 units of the previous year: 


Direct materials........Rs. 50,000         Direct wages:......................Rs. 30,000
Factory overhead:... Rs. 10,000          Administrative overhead:.. Rs. 16,000
Selling expense.........Rs. 3,000           Profit............... 20% of selling prices  

The Department wants to estimate the total cost of and selling price for 1000 units. It is estimated that:
  • The cost of raw materials will be increased by 20%
  • Wages cost will be increased by 30%
  • Other overheads are allocated under

Factory overhead is based on direct wages office overhead and selling expenses are based on factory cost.
Required:  a. Cost sheet for the previous year.   b. Tender sheet with the selling price

Ans: (1) Sales Rs. 136,250   (ii) Tender price per unit Rs. 84.778


[4+6] 

3. The cost information of a manufacturing company for 5000 units of output is given below:


Opening stock of raw materials. 50,000            Closing stock of raw materials... Rs. 80,000
Indirect wages.......................Rs. 30,000             Rent factory................ Rs. 10.000
Depreciation....................Rs. 10,000                 Salary of salesman  ...... Rs. 6,000  
Freight outward.............Rs. 1000          Purchase of raw materials.........  Rs. 1,70,000             
Direct wages.................Rs. 1,20,000                   Indirect materials............ Rs. 4,000
Rent office.....................Rs. 6,000                        Staffs salary..........Rs. 20,000 
Traveling expenses of salesman.....Rs. 50,000       Profit.........20% on sale


Required: a. Statement of cost showing prime cost, Factory cost, Production cost, profit, and sales. 
b. Percentage of factory overhead on direct wages.
c. Amount of net profit when it is 25% of total cost.

Ans: (a) Rs. 260,000; Rs. 314,000; Rs. 3,40,000; Rs. 88,000; Rs. 440,000 (b) 45% (c) Rs. 88,000


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