BCOC-138 IGNOU Solved Assignment 2026-27

BCOC-138 Solved Assignment: Cost Accounting (TMA 30% Weightage)

This verified solution set for BCOC-138 (Cost Accounting) strictly follows the official IGNOU curriculum for the Bachelor of Commerce (BCOMG) program. Each unit integrates real-world business applications, including cost behavior analysis, overhead absorption techniques, and comparative costing methods. Below are key syllabus-aligned blocks with solved examples and FAQs:

1. Block-1: Basic Concepts of Cost Accounting

• Cost Classification: Distinction between direct/indirect costs, fixed/variable costs, and period/product costs with case studies.
• Cost Sheets: Construction and interpretation of cost sheets for manufacturing and service sectors.
• Cost Accounting vs. Financial Accounting: Comparative analysis with solved numericals on break-even analysis.

2. Block-2: Material and Labour Costs

• Material Cost Control: Techniques for inventory valuation (FIFO, LIFO) and stock reconciliation.
• Wage Incentives: Halsey, Rowan, and Bedeaux plans with solved problems on labour efficiency.
• Overheads in Material/Labour: Allocation of indirect expenses to production units.

3. Block-3: Overheads and Absorption

• Overhead Classification: Factory, administrative, and selling overheads with allocation bases.
• Absorption Methods: Direct, indirect, and activity-based costing (ABC) for overhead absorption.
• Under/Over-Absorption: Adjustment entries and their impact on profit margins.

4. Block-4: Methods of Costing

• Job Costing: Application in construction and engineering projects with solved case studies.
• Process Costing: Equivalent unit calculation and cost flow in continuous production.
• Standard Costing: Variance analysis (material, labour, overhead) with comparative examples.

FAQs for BCOC-138 TMA

• Q: How are overheads allocated in service industries (e.g., consulting firms)?

  A: Overheads are allocated using employee-based rates or activity drivers (e.g., hours spent per client). For example, administrative costs are divided by total employee hours.

• Q: What is the difference between FIFO and LIFO in material costing?

  A: FIFO assumes older inventory is sold first, while LIFO assumes newer stock is sold first. This affects COGS and tax liabilities in inflationary periods.

Note: Solutions include step-by-step calculations, cross-referenced with IGNOU’s Study Material (2026-27 session). Word limits (500/250/100 words) are strictly adhered to, with plagiarism-free content verified via Turnitin-compatible tools.

Submission Deadline: Aligns with IGNOU’s academic calendar (check eGyanKosh