CBSE Class 12 Question Paper 2025 Cost Accounting

Series : YWXZ4 SET~4
-
Q.P. Code 347
- -
Roll No. -
Candidates must write the Q.P. Code
on the title page of the answer-book.

> NOTE

(I) - (I) Please check that this question paper
19 contains 19 printed pages.

(II) - (II) Q.P. Code given on the right hand
- - side of the question paper should be
written on the title page of the
- answer-book by the candidate.

(III) - 24 (III) Please check that this question paper
contains 24 questions.

(IV) (IV) Please write down the Serial
, - Number of the question in the
answer-book at the given place
before attempting it.
(V) - 15 (V) 15 minute time has been allotted to
- read this question paper. The
question paper will be distributed
10.15 10.15 at 10.15 a.m. From 10.15 a.m. to
10.30 - 10.30 a.m., the candidates will
- read the question paper only and
will not write any answer on the
# answer-book during this period.

COST ACCOUNTING

3 60
Time allowed : 3 hours Maximum Marks : 60
*347* 1 # [ P.T.O. ]

(i)
(ii) - 24
(iii) ,
(iv) (6 + 18) = 24 , 3
(6 + 11) = 17
(v)
(vi) 30
(a) 6
(b)
(c)
(d)
(vii) 30
(a) 18
(b) 11
(c)
(d)
$
30

1. 6 4 4 1=4

(i) ________

(ii) ________ , , , ,

(A)
(B)
(C) -
(D)

*347* 2 #

General Instructions :
(i) Please read the instructions carefully.
(ii) This question paper consists of 24 questions in two Sections : Section A
and Section B.
(iii) Section A has Objective Type Questions, whereas Section B contains
Subjective Type Questions.
(iv) Out of the given (6 + 18) = 24 questions, a candidate has to answer
(6 + 11) = 17 questions in the allotted (maximum) time of 3 hours.
(v) All questions of a particular section must be attempted in the correct
order.
(vi) Section A : Objective Type Questions (30 marks) :
(a) This section has 6 questions.
(b) There is no negative marking.
(c) Do as per the instructions given.
(d) Marks allotted are mentioned against each question/part.
(vii) Section B : Subjective Type Questions (30 marks) :
(a) This section has 18 questions.
(b) A candidate has to do 11 questions.
(c) Do as per the instructions given.
(d) Marks allotted are mentioned against each question/part.

SECTION A
(Objective Type Questions) (30 Marks)

1. Answer any 4 out of the given 6 questions on Employability Skills. 4 1=4

(i) There are ___________ stages of active listening.

(ii) __________ is about understanding one
traits, behaviours and feelings.
(A) Motivation
(B) Stress
(C) Self-awareness
(D) Personality

*347* 3 # [ P.T.O. ]

(iii) ,
,
- 30

(iv) ________

(v)

(vi) ________

2. 7 5 5 1=5

(i)

(ii)

(iii) ________

(iv)

(A) (B)

(C) (D)

(v) , ________

(A) (B)
(C) (D)

*347* 4 #

(iii) Ram, a cost accountant, always washes his hands as soon as he
hands over any document to his colleague. Identify the personality
disorder he faces as sometimes he washes his hands 30 times in a
day.

(iv) __________ sign defines a formula.

(v) State any one way to reduce the amount of waste produced at every
step of the production in plants and factories.

(vi) The ability to act in a situation before others do is __________.

2. Answer any 5 out of the given 7 questions. 5 1=5

(i) Name the method used to present the cost elements in vertical
form.

(ii) State whether the following statement is True or False :

Cost sheet tells about quality and labour efficiency of the
production.

(iii) Output costing helps in arriving at the final __________ for
marketers.

(iv) Choose the odd one out :
(A) Direct cost (B) Flat cost
(C) Work cost (D) First cost

(v) Cost sheet based on the predictable cost figures which are
estimated is known as __________.
(A) Predicted cost sheet (B) Past cost sheet
(C) Historical cost sheet (D) Estimated cost sheet

*347* 5 # [ P.T.O. ]

(vi)
< 25,000
< 40,000
< 1,00,000
(A) < 85,000 (B) < 60,000
(C) < 45,000 (D) < 1,65,000

(vii)

3. 7 6 6 1=6
(i)

(ii)

(iii) 1001
< 15,000 , < 5,000
150% 1001

(A) < 9,000 (B) < 4,000
(C) < 3,000 (D) < 2,000
(iv) -

(A) (B)
(C) (D)
(v)
-
(vi) __________
(A) (B)
(C) (D)
(vii)

*347* 6 #

(vi) The value of raw material consumed from the following given
information will be :
Opening stock of Raw material < 25,000
Closing stock of Raw material < 40,000
Purchase of Raw material < 1,00,000
(A) < 85,000 (B) < 60,000
(C) < 45,000 (D) < 1,65,000

(vii) State one advantage of job costing.

3. Answer any 6 out of the given 7 questions. 6 1=6
(i) Name the inventory control principle used to calculate economic
batch quantity.
(ii) State whether the statement is True or False :
Wage abstract is not prepared in case of batch costing.
(iii) Job No. 1001 was in process at the end of the accounting period.
The total cost involved in the job is < 15,000 of which < 5,000 is
direct material. Factory overhead is allocated to goods in process at
150% of direct labour cost. The amount of direct labour charged to
Job No. 1001 will be :
(A) < 9,000 (B) < 4,000
(C) < 3,000 (D) < 2,000

(iv) Which one of the following is an example of a direct cost in the
manufacturing of pista burfi chocolate ?
(A) Salary of Accountant (B) Pistachios
(C) Electricity (D) Depreciation

(v) State whether the statement is True or False :

liabilities side.

(vi) It is important to consider profit on incomplete contracts after
providing for the __________.
(A) Unknown contingencies (B) Known contingencies
(C) Depreciation (D) Depletion

(vii) What is Escalation Clause ?
*347* 7 # [ P.T.O. ]

4. 6 5 5 1=5
(i) 25% , -

(ii) < 3,00,000 < 60,000 60%
20% ,
-
(A) < 60,000 (B) < 36,000
(C) < 28,800 (D) < 48,000

(iii) ___________ ___________

(iv) -
(v)
(A)
(B)
(C)
(D)

(vi)

5. 6 5 5 1=5

(i) 12000 ,
10%
10,920
(A) 120
(B) 120
(C) 1080
(D) 1080 $
*347* 8 #

4. Answer any 5 out of the given 6 questions. 5 1=5

(i) If completion of contract is less than 25%, how much profit should
be taken to Profit and Loss Account under contract costing ?

(ii) The total profit on a contract for < 3,00,000 is < 60,000 and the
contract is 60% complete and has been certified accordingly. The
retention money is 20% of the certified value, then the amount of
profit that can prudently be credited to Profit or Loss Account will
be :
(A) < 60,000 (B) < 36,000
(C) < 28,800 (D) < 48,000

(iii) The sequence of operations is __________ and __________.

(iv) What are By-products ?

(v) The other term for Reverse Cost Method is :
(A) Working backward method
(B) Process costing method
(C) Contract costing method
(D) Labour hour costing method

(vi) Distinguish between process costing and job costing on the basis of
cost computation.

5. Answer any 5 out of the given 6 questions. 5 1=5

(i) 12000 kg of material was put into a process in a period. The normal
loss is 10% of input. No opening or closing Work-in-Progress (WIP)
is there. Output in the period is 10,920 kg. The abnormal loss/gain
is :
(A) Abnormal gain of 120 kg
(B) Abnormal loss of 120 kg
(C) Abnormal gain of 1080 kg
(D) Abnormal loss of 1080 kg

*347* 9 # [ P.T.O. ]

(ii) __________

(iii)

(iv)

(v) ?

(vi) , / __________
(A) (B)
(C) (D)

6. 6 5 5 1=5

(i) -
?
(A)
(B) -
(C) -
(D) -

(ii)

,

(iii) ___________
(A) -
(B) -
(C) -
(D) -

*347* 10 #

(ii) Abnormal loss is equal to ___________.

(iii) State whether the statement is True or False :

Operating costing is concerned with the ascertainment of
operating cost for manufactured tangible product.

(iv) Name any one service unit used in canteen services under canteen
costing.

(v) What is Composite Unit ?

(vi) Operating costing is a ___________ of costing.
(A) method (B) technique
(C) norm (D) procedure

6. Answer any 5 out of the given 6 questions. 5 1=5

(i) Which of the following is not the service unit in case of transporter
carrying goods ?

(A) Cost per km

(B) Cost per tonne-km
(C) Cost per quintal-km

(D) Cost per passenger-km

(ii) State whether the statement is True or False :

(iii) Payment of donation is ___________.
(A) debited to Costing Profit and Loss Account

(B) credited to Costing Profit and Loss Account

(C) debited to Financial Profit and Loss Account
(D) credited to Financial Profit and Loss Account
*347* 11 # [ P.T.O. ]

(iv)

(v)

(vi) ___________

(A)

(B)

(C)

(D)
$
30

5 3 20 30
3 2=6
7.
8.
9.
10.
11.

5 3 20 30 3 2=6
12.

13.
14.
15.

*347* 12 #

(iv) What is Memorandum Reconciliation Account ?

(v) State two methods of stock valuation used in cost accounting.

(vi) ___________ is a subsidiary ledger maintained in cost accounting.
(A) Debtor ledger
(B) Creditor ledger
(C) Work-in-Progress ledger
(D) Receivables ledger

SECTION B
(Subjective Type Questions) (30 Marks)

Answer any 3 out of the given 5 questions on Employability Skills. Answer each
question in 20 30 words. 3 2=6

7. What is a complex sentence ? Give one example.

8. What is Stress ?
9. State the basic steps to insert a square shape in a presentation.

10.
11. Name any two green jobs in the following sectors :

(a) Construction

(b) Renewable energy

Answer any 3 out of the given 5 questions in 20 30 words each. 3 2=6

12. Name two types of costs involved in producing steam under power house
costing.

13. What is abnormal effectives ?

14. Explain why progress advice is prepared.

15. What is lot costing ?

*347* 13 # [ P.T.O. ]

16.
< 20,00,000
< 8,00,000
< 2,00,000
< 1,40,000

3 2 30 50 2 3=6

17.

18. < 79,000, < 3,30,000, < 4,00,000,
< 6,00,000 - ,

19. <18,000
< 220
< 1250 10%

5 3 50 80 3 4=12

20.

21.

22. < 4,000 1,000
10% < 2 50
850 50

< 6,500
< 3,250

*347* 14 #

16. Show the treatment of Work-in-Progress in the cost sheet from the given
information :
Prime Cost < 20,00,000
Factory Overheads < 8,00,000
Opening WIP < 2,00,000
Closing WIP < 1,40,000

Answer any 2 out of the given 3 questions in 30 50 words each. 2 3=6

17. List the steps involved in the preparation of Reconciliation Statement.

18. Given the notional profit as < 79,000, cash received < 3,30,000, work
certified < 4,00,000, contract price is < 6,00,000. Calculate the profit that
can be credited to the Profit and Loss Account. Also, explain what is
notional profit in case of contract costing.

19. A pharmaceutical company has an annual demand for 18,000 units of its
medicine. For the production of units, company has to bear setting up
cost and order processing cost of < 220. Cost of manufacturing one unit is
< 1250. Cost of carrying is 10% per annum. Calculate the economic batch
quantity.

Answer any 3 out of the given 5 questions in 50 80 words each. 3 4=12

20. Distinguish between job costing and contract costing.

21. Draw the cost sheet proforma.

22. 1,000 units of raw material were introduced in a process at a cost of
< 4,000. The normal wastage allowed is 10%, each unit of waste realises
< 2 50. The actual production was 850 units (with abnormal wastage of
50 units). The expenses being as follows :

Direct wages < 6,500
Indirect expenses < 3,250
Prepare the process account to show the effect of wastage.

*347* 15 # [ P.T.O. ]

23. ,

( ) /

10,000

150

750

350

50

850

400

15,000

10,000

1000

900

500

500

500

*347* 16 #

23. From the following cost information, prepare a cost sheet presenting the
total cost and cost per unit of electricity generated.

Amount
Particulars Qty/units
( )

Expenses for generation of steam

Coal cost 10,000

Water cost 150

Wages for coal handling 750

Repair for boiler 350

Lubricating oil 50

Depreciation (Boiler) 850

Supervisory labour 400

Total steam produced (lbs) 15,000

Steam used for power generation (lbs) 10,000

Expenses incurred in the power
house

Wages (operator) 1000

Depreciation (generator) 900

Repairs 500

Supervision charges 500

Electricity generated (units) 500

*347* 17 # [ P.T.O. ]

24.

( ) ( )

35,000
3 050 3,050
2,000
4,250 3,500
2,000
9,250
2,750
4,550 5,950
550
2,450 3,900

*347* 18 #

24. From the following information, prepare a Reconciliation Statement :

Particulars Cost Accounts Financial Accounts

Net Profit 35,000
Selling and Promotion Overheads 3,050 3,050

Provision for Doubtful Debts 2,000
Factory Indirect Expenses 4,250 3,500
Director Remuneration 2,000
Income Tax paid 9,250
Rent received from own building 2,750
Depreciation 4,550 5,950
Dividend Received 550
Administrative Overheads 2,450 3,900

*347* 19 # [ P.T.O. ]