CBSE | DEPARTMENT OF SKILL EDUCATION

COST ACCOUNTING (SUBJECT CODE: 823)

MARKING SCHEME FOR CLASS XII (SESSION 2024-2025)
Max. Time: 3 Hours Max. Marks: 60
General Instructions:
1. Please read the instructions carefully.
2. This Question Paper consists of 24 questions in two sections – Section A & Section B.
3. Section A has Objective type questions whereas Section B contains Subjective type
questions.
4. 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.
5. All questions of a particular section must be attempted in the correct order.

6. SECTION A - OBJECTIVE TYPE QUESTIONS (30 MARKS):

i. This section has 06 questions.
ii. There is no negative marking.
iii. Do as per the instructions given.
iv. Marks allotted are mentioned against each question/part.

7. SECTION B – SUBJECTIVE TYPE QUESTIONS (30 MARKS):

i. This section contains 18 questions.
ii. A candidate has to do 11 questions.
iii. Do as per the instructions given.
iv. Marks allotted are mentioned against each question/part.

823 Cost Accounting XII MS 1

 SECTION A: OBJECTIVE TYPE QUESTIONS

Source
Material Chap Page no.
Q.
QUESTION .No. of source Marks
No.
material
Q.1 Answer any 4 out of the given 6 questions on Employability skills

i Articles,Preposition,Conjunction and CBSE 1 12 1

Interjection (any two) Study
Material
ii c) Histrionicm CBSE 2 36 1
Study
Material
iii Alignment feature CBSE 3 54 1
Study
Material
iv Column CBSE 3 41 1
Study
Material

v Someone who brings in resources, CBSE 4 79 1

labour,material and other assets into profit Study
making combinations Material

vi Developing green building rating programmes, CBSE 5 117 1

Certification services and conducting green Study
building training programmes.(any two) Material

Q.2 Answer any 5 out of the given 7 questions,(1*5 = 5 marks)

i b) Industrial cost CBSE 1 4 1

Study
Material
ii Cost sheet and Production account CBSE 1 3 1
Study
Material
iii It is valued at the cost of production. CBSE 1 8 1
Study
Material
iv a)Dividing the total cost with the quantity CBSE 1 3 1
produced Study
Material
v c)Selling and distribution CBSE 1 16 1
Study
Material

823 Cost Accounting XII MS 2

 vi Work in progress CBSE 1 7 1
Study
Material
vii a)Service costing CBSE 2 26 1
Study
Material

Q.3 Answer any 6 out of the given 7 questions.(1*6 = 6 marks)

i Production and Planning Department CBSE 2 31 1

Study
Material
ii a)Batch costing CBSE 2 39 1
Study
Material
iii b)Progress Advice CBSE 2 36 1
Study
Material
iv Job costing CBSE 2 27 1
Study
Material
v Building Construction, Road Construction CBSE 3 47 1
,Bridge Construction and Ship Construction(any Study
two) Material
vi Direct CBSE 3 48 1
Study
Material
vii c)Contract costing CBSE 3 48 1
Study
Material
Q.4 Answer any 5 out of the given 6 questions. (1*5 = 5 marks)

i A contract where the contractee agrees to pay to CBSE 3 63 1

the contractor the cost price plus an agreed Study
percentage by way of overheads and profit. Material
ii a)Cost CBSE 3 51 1
Study
Material
iii Where the product passes through different CBSE 4 72 1
stages of production each distinct and well Study
defined Material
iv The abnormal process account is debited and CBSE 4 81 1
the relevant process account is credited with Study
the amount and quantity of abnormal loss Material
v Evaporation and chemical reaction CBSE 4 77 1
Study
Material

823 Cost Accounting XII MS 3

 vi c)Abnormal effectives CBSE 4 82 1
Study
Material
Q.5 Answer any 5 out of the given 6 questions.(1*5 = 5 marks)

i Normal Loss CBSE 4 72 1

Study
Material

ii 2000 - 200 - 1700 = 100 units CBSE 4 81 1

Study
Material

iii Services are the intangible form of products CBSE 5 98 1

available in the market. Study
Material

iv c)Operating costing CBSE 5 99 1

Study
Material

v Cost per tonne – km CBSE 5 99 1

Study
Material
vi Fixed or Standing Cost CBSE 5 100 1
Study
Material
Q.6 Answer any 5 out of the given 6 questions (1*5 = 5 marks)

i Commercial tonne km = Average tonne* Total CBSE 5 100 1

Distance Study
Material

ii a)Depreciation on fully depreciated assets still CBSE 6 120 1

in use Study
Material

iii Reconciliation Statement is prepared to find CBSE 6 118 1

out the causes of disagreement between Study
profits shown by cost records and financial Material
records

iv Non - Integral System CBSE 6 118 1

Study
Material

v Increases Financial Profits CBSE 6 121 1

Study
Material

vi d)Provision for bad and doubtful debts CBSE 6 120 1

Study
Material

823 Cost Accounting XII MS 4

 SECTION B:
SUBJECTIVE TYPEQUESTIONS

Source
Material Chap Page no.
Q.
QUESTION .No. of source Marks
No.
material
Answer any 3 out of the given 5 questions on Employability skills in 20-30 words each.
(2*3 = 6 marks)
Q.7 Sentences, where the subject does an action ,are CBSE 1 18 2
active sentences Sentences, in which the subject Study
receives an action , are passive sentences Material

Q.8 Feed the mind with positivity, read motivational CBSE 2 25 2

books, learn from failures Study
,move towards your goals, be proactive Material
,focus on constructive things ,watch inspiring
movies (any four ways)
Q.9 They are interesting as they have features of CBSE 3 63 2
images, videos and music. Making changes is easy. Study
Can be shown to a much large audience. Material
Presentation can be printed.(any two)
Q.10 Initiative, willingness to take risk, ability to learn CBSE 4 81 2
from experience, motivation, self-confidence, hard Study
work and decision making ability (any four) Material

Q.11 Ecosystem is the community of living and non-living CBSE 5 120 2

beings existing together, and intersecting with and Study Material
supporting each other.
Ways to conserve it are avoiding cutting trees,
planting more trees, investing in soil health,
wetlands(any two)
Answer any 3 out of the given 5 questions in 20 - 30 words each (2*3 = 6 marks)

Q.12 Cost of production = Factory cost + Office CBSE 1 15 2

overheads Study
= Rs.52,600 + Rs.12,500 Material
= Rs,65,100
Q.13 It ascertains the cost of each job. Helps in CBSE 2 28 2
decision making. Study
Assists the management in controlling the cost of Material
each job.
Quoting the price for the similar jobs. (any
two)

823 Cost Accounting XII MS 5

 Q.14 CBSE 4 73 2
Study
Basis Process Job costing
Material
costing
Cost Cost unit is Cost unit is
unit process job
Super Less More
vision supervision supervisio
n

Q.15 It is the maximum quantity in each batch where it’s CBSE 2 40 2

ordering cost and carrying cost is minimum. Study
Material
Q.16 Log sheets are prepared by the driver of a vehicle. It CBSE 5 102 2
provides information regarding the km. run, petrol Study
usage ,passenger/goods carried etc. Material

Answer any 2 out of the given 3 questions in 30 - 50 words each (3*2 = 6 marks)
Q.17 Production order - It is an authority letter CBSE 2 31 3
issued by the production control department to Study Material
manufacturing department to initiate work on
the job. Bills of material - It is a list of materials
and stores for a specific job and prepared by the
production and planning department for the
smooth execution of the job.
Job cost sheet - It includes all expenses
incurred in the completion of a job. Materials,
labour and overheads are the different
components of job cost sheet.
Q.18 Work certified = 3,00,000 *100/80 CBSE 3 54 3
= Rs.3,75,000 Study Material
Profit transferred to P/L account
=99,000*2/3*3,00,000/3,75,000
= Rs.52,800
Q.19 Stock valuation - In financial accounts, stock CBSE 6 120 3
is valued at cost and market price whichever is Study Material
less but in cost accounts stock is calculated on
the basis of FIFO,LIFO and average cost
methods. Depreciation - In financial accounts,
depreciation is calculated on straight line or
diminishing method but in cost accounts it is
calculated on machine hour rate or production
method.

823 Cost Accounting XII MS 6

 Answer any 3 out of the given 5 questions in 50 - 80 words each (4*3 = 12 marks)
Q.20 To find out the total cost and cost per unit. CBSE 1 3 4
Helps in making comparison with past figures. Study Material
Helps management in making planning for cost
control. Deciding the final selling price for the
product.
Q.21 Retention money - In contract costing, CBSE 3 50 , 63 4
generally contractee pays 75% to 80% of the Study Material
value of work certified depending upon the
terms of the contract. The balance not paid is
known as retention money.
Escalation clause - A provision in a contract
for adjustment of prices quoted and accepted,
in the event of specified contingencies.
Q.22 PROCESS A ACCOUNT CBSE 4 94 4
Partic. Units Amt Particul Units Amt
Study Material
ars
To R.M. 6000 240000 By.nor 600 12000
To 2000 mal
labor loss 17600
Toex By ab. 400
p. 7600 Loss 220000
By
process 5000
B 249600
249600
_
6000
6000

Q.23 CBSE 5 113 4

Dates Tonnes Km Tonne- Study Material
km
3 Jan 400 60 24000
12 Jan 700 160 112000
16 Jan 960 80 76800
20 Jan 200 50 10000
29 Jan 240 100 24000
Total tonne - km = 246800
Cost per tonne -km = 2440000/246800
= Rs.9.87

823 Cost Accounting XII MS 7

 Q.24 Reconciliation statement CBSE Study 6 125 4
Particulars + Items - items Material

Profit as per 100000

C.A.
Share 2000
transfer fees
Factory exp. 3000
Adm. exp. 6000
Dep.overchar 1500
ged
Income tax 30000
Foreman’s 4000
salary
Pro. for D.D. 10000
Profit as per 53500
F.A.
105000 105000

823 Cost Accounting XII MS 8