BCOC-138 IGNOU Guess Paper 2026-27

BCOC-138 Guess Paper: Cost Accounting (Term-End Exam Focus)

This structured guess paper aligns with IGNOU’s official BCOC-138 syllabus, prioritizing high-weightage topics from past exam patterns (June/Dec sessions) and chapter-wise question distributions. Ideal for last-minute revision and scoring strategies.

Key Blocks & Weightage Analysis

• Block-1: Basic Concepts
  • Definition, objectives, and limitations of cost accounting (20–25% weightage).
  • Cost classification (direct/indirect, fixed/variable) with numerical examples (15–20%).
  • Cost sheets and cost accounting vs. financial accounting (10%).
• Block-2: Material and Labour
  • Stock valuation methods (FIFO, LIFO, weighted average) and inventory control (15%).
  • Wage calculation (time rate, piece rate, bonus schemes) with case studies (10%).
  • Wastage and idle time accounting (5%).
• Block-3: Overheads
  • Classification (production, administrative, selling) and allocation techniques (20%).
  • Absorption costing vs. marginal costing (15%).
  • Overhead recovery in job-order and process costing (10%).
• Block-4: Methods of Costing
  • Job costing, process costing, and contract costing (25%).
  • Standard costing and variance analysis (15%).
  • Cost-volume-profit (CVP) analysis with break-even charts (10%).

Exam Strategy & Time Management

• Allocate 30 minutes to Block-1 (Basic Concepts) and Block-2 (Material/Labour) for quick scoring.
• Dedicate 45 minutes to Block-3 (Overheads) and Block-4 (Methods of Costing) for detailed numericals.
• Leave 15 minutes for review, prioritizing partial marks in variance analysis and CVP questions.

Frequently Asked Questions (FAQs)

Job costing, overhead allocation, marginal costing, and variance analysis appear in every session. Focus on numericals with real-world applications (e.g., factory overhead recovery).

Absorption costing includes fixed overheads in product costs (inventory valuation), while marginal costing excludes them, focusing on variable costs for decision-making. Always check if the question asks for inventory valuation or profit analysis.