BCOC-138 is one of the most practical papers in the IGNOU B.Com programme. The BCOC 138 Question Paper December 2025 mixes theory questions with detailed numerical problems covering material control, overhead distribution, FIFO ledger accounts, contract costing and reconciliation statements. If you are preparing for this exam, working through the actual questions with properly solved answers will help you manage both the theory and the calculation-heavy questions confidently.
What is BCOC-138 Question Paper December 2025?
The BCOC 138 December 2025 question paper is the official IGNOU Term-End Examination paper for Cost Accounting under the B.Com programme, carrying 100 marks with five questions to attempt from eight, covering both theory and practical numerical problems.
This paper is part of the IGNOU Bachelor of Commerce General curriculum under CBCS. It tests students on their understanding of costing systems, material management, overhead allocation, inventory valuation and contract costing. The paper is different from pure theory exams because the numerical questions require accurate working presented in proper account format. That is why preparation with solved answers makes a real difference.
About This Solved Paper
| Prepared by | Unnati Education, IGNOU-experienced academic content writer. |
|---|---|
| Qualification | Graduate with specialization in Cost Accounting and Commerce. |
| Programme | IGNOU Bachelor of Commerce General (BCOMG) and Bachelor of Commerce with Finance (BCOMF). |
| Institution Reference | IGNOU Term-End Examination December 2025. |
About IGNOU BCOC-138 — Cost Accounting
BCOC-138 covers the core principles and practical applications of cost accounting. The syllabus includes material control and purchasing procedures, job costing versus contract costing, overhead distribution across departments and service cost centres, inventory valuation methods like FIFO, and reconciliation between cost accounts and financial accounts.
Here is the important part. The reconciliation statement question and the overhead distribution summary both require you to understand how cost accounting differs from financial accounting. Most students find these questions tricky because they involve adjustments in specific directions. Getting the direction of each adjustment right is what separates a good answer from a partial one.
BCOC-138 Exam Pattern and Marks Breakdown
Students must attempt any five questions from a total of eight. Each question carries equal marks, meaning each attempted question is worth 20 marks. Total marks are 100. Duration is 3 hours. Questions include both descriptive theory answers and detailed numerical problems requiring proper account preparation and working notes.
All Questions — BCOC 138 Question Paper December 2025 IGNOU
(a) Discuss the limitations of Financial Accounting. (b) What are the advantages of a good system of material control?
Explain the steps involved in purchase of materials.
(a) Discuss the advantages and disadvantages of centralised purchasing. (b) Distinguish between Job costing and Contract costing.
Z Company Ltd. have three production departments (A, B and C) and two service departments (D and E). The following data extracted from the records. You are required to prepare an Overhead Distribution Summary: Indirect Material Rs. 15,000; Indirect Wages Rs. 16,000; Depreciation on Machinery Rs. 25,000; Depreciation on Buildings Rs. 5,000; Rent, Rates and Taxes Rs. 10,000; Electric Power for Machinery Rs. 15,000; Electric Power for Lighting Rs. 500; General Expenses Rs. 15,000. Direct Materials (Rs.): Total 60,000; A 20,000; B 10,000; C 19,000; D 6,000; E 5,000. Direct Wages (Rs.): Total 40,000; A 15,000; B 15,000; C 4,000; D 2,000; E 4,000. Value of Machinery (Rs.): Total 2,50,000; A 60,000; B 1,00,000; C 40,000; D 25,000; E 25,000. Floor Area (sq. ft.): Total 50,000; A 15,000; B 10,000; C 10,000; D 5,000; E 10,000. Horse Power of Machinery: Total 150; A 50; B 60; C 30; D 5; E 5. No. of Light Points: Total 50; A 15; B 10; C 10; D 5; E 10. Labour hours: Total 15,000; A 5,000; B 5,000; C 2,000; D 1,000; E 2,000. The expenses of service departments D and E are to be apportioned as follows: D: A 40%, B 20%, C 30%, E 10%. E: A 30%, B 30%, C 40%.
From the following information, prepare a Reconciliation Statement and find the profit as per financial accounts: Net Profit as per costing books Rs. 17,000. (i) Over-recovery of administrative overheads (in cost accounts) Rs. 2,000. (ii) Loss due to obsolescence (charged in financial accounts) Rs. 6,000. (iii) Depreciation charged in costing books Rs. 2,400. (iv) Depreciation charged in financial books Rs. 1,600. (v) Loss due to depreciation in stock value Rs. 400. (vi) Interest on investment received Rs. 8,000. (vii) Income tax paid Rs. 1,000. (viii) Bank interest received (credit in financial book) Rs. 1,000. (ix) Stock adjustment (undervaluation in cost books) Rs. 400. (x) Works overhead underrecovered (in cost books) Rs. 4,000.
The following is the record of receipts and issues of a material: January 1: Opening Balance 50 tons at Rs. 10 per ton. January 2: Issued 30 tons. January 3: Received 60 tons at Rs. 10.20 per ton. January 3: Issued 25 tons (Stock verification reveals a loss of 1 ton). January 4: Received back from orders (Previously issued at Rs. 9.15 per ton) 10 tons. January 5: Issued 40 tons. January 6: Received 22 tons at Rs. 10.30 per ton. January 7: Issued 36 tons. Prepare a Stores Ledger Account on the assumption that materials were issued as the First-in First-out principle.
(a) The following expenditure was incurred on the contract of Rs. 12,00,000 for the year ending 31-12-2024: (i) Materials Rs. 2,40,000 (ii) Wages Rs. 3,28,000 (iii) Plant Rs. 40,000 (iv) Overheads Rs. 17,200. Cash received on account of the contract to 31-12-2024 was Rs. 4,80,000, being 80% of the work certified. The value of material in hand was Rs. 20,000. The plant had undergone 20% depreciation. Prepare Contract Account. (b) What is the purpose of Time Booking?
Write short notes on any two of the following: (a) Abnormal Loss (b) Joint Products (c) Service Costing (d) Labour Turnover
BCOC 138 Syllabus Topics Covered Question Paper
This paper covers the complete BCOC-138 syllabus in a practical, application-focused way. Material control includes purchasing steps, centralised purchasing and stores ledger preparation under FIFO. Costing methods cover job costing, contract costing and service costing. Overhead allocation involves multi-department distribution with service department reapportionment. Reconciliation of cost and financial accounts tests conceptual clarity on the differences between both systems. Inventory methods, labour costing through time booking and short note topics like abnormal loss and joint products round out the full coverage.
Sample Answer Preview — BCOC 138 Cost Accounting Solved Question Paper
For the reconciliation statement in Question 5, the starting point is the net profit as per costing books at Rs. 17,000. Items that appear only in financial accounts need to be added or deducted depending on their nature. For example, interest on investment received of Rs. 8,000 and bank interest of Rs. 1,000 are credits only in financial accounts, so they get added. Over-recovery of administrative overheads of Rs. 2,000 means cost accounts show higher charges, so it gets deducted from costing profit. Get the complete BCOC-138 solved question paper for full working of all numerical questions including the overhead distribution summary and FIFO ledger.
How to Write High-Scoring Answers in BCOC 138 Question Paper
For numerical questions, always present your working in proper account format with clear columns. Working notes should be shown separately and labelled. For the reconciliation statement, explain the direction of each adjustment briefly. Theory questions like limitations of financial accounting or advantages of material control should be written in clear numbered points with short explanations. In practice, IGNOU examiners reward structured answers over long unorganized paragraphs. Balance your time across five questions rather than over-writing on three.
Who Should Use This BCOC-138 Solved Question Paper December 2025?
This resource is designed for IGNOU BCOMG and BCOMF students appearing in Cost Accounting this examination cycle. It is also valuable for students re-appearing in BCOC-138 who struggled with numerical questions previously. If reconciliation statements, overhead distributions or FIFO ledger accounts have been confusing, working through fully solved answers with proper working notes will build both your understanding and your answer-writing confidence before the exam.
Why This Is Better Than Free BCOC-138 December 2025 Question Paper PDFs and Telegram Files
Free Telegram files usually contain only the question paper without any solutions. For a paper like BCOC-138 where numerical problems carry significant marks, an unsolved paper leaves you without the most important study tool. Unnati Education provides complete solutions with proper account formats, working notes and theory answers that are aligned with IGNOU's expected answer style. That depth of preparation is not available in random free downloads.
Student Reviews — BCOC-138 Solved Question Paper by Unnati Education
"The overhead distribution and FIFO ledger solutions in the BCOC-138 December 2025 solved paper were very clearly worked out. Helped me a lot." — Rohit K., IGNOU BCOMG Student
"I always found reconciliation statements confusing. The Unnati solved paper explained each adjustment clearly." — Priyanka D., IGNOU B.Com Student
How to Get the BCOC-138 Solved Question Paper December 2025 — Step by Step
Contact Unnati Education through the website or WhatsApp. Share your requirement mentioning BCOC-138 December 2025 solved paper. Receive the complete solved material with working notes directly. The process is simple and the material reaches you quickly.
Frequently Asked Questions
What is BCOC-138?
BCOC-138 is an IGNOU course titled Cost Accounting offered under the Bachelor of Commerce General programme under CBCS. It covers material control, purchasing procedures, costing methods including job and contract costing, overhead allocation across departments, inventory valuation using FIFO, and reconciliation of cost and financial accounts. The paper carries 100 marks and is a core B.Com subject.
What is the exam pattern and marks distribution?
Students must attempt any five questions from a total of eight questions in the paper. Each question carries equal marks, which means each attempted question is worth 20 marks. The total duration is 3 hours. The paper includes both descriptive theory questions and practical numerical problems requiring account preparation, making question selection and time management very important.
Which cost accounting topics are most important in this paper?
Material control, overhead distribution, FIFO stores ledger, reconciliation statements and contract account preparation are all directly tested in this December 2025 paper. Short note topics including abnormal loss, joint products, service costing and labour turnover also appear. Students should prepare both theory explanations and numerical problem-solving methods, as both types of questions appear across the eight available questions.
How can I download the IGNOU BCOC-138 question paper?
You can get the BCOC-138 December 2025 question paper with complete solved answers from Unnati Education. Contact us through the website or WhatsApp, mention your programme and exam session, and receive the full solved material promptly. The official unsolved question paper is also available on the IGNOU official website following the examination period for that session.
About Unnati Education — IGNOU Study Material Experts
Unnati Education has supported IGNOU commerce students with reliable, syllabus-aligned study material across multiple programmes. Our resources for accounting subjects are prepared by contributors who understand IGNOU's examination expectations in depth. We focus on accurate numerical solutions, proper account formats and well-structured theory answers that genuinely help students perform better in their Term-End Examinations.
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If you want complete, properly worked solutions for every question in the December 2025 Cost Accounting paper, start here. The BCOC 138 Question Paper December 2025 with expert-written answers and full working notes is available now from Unnati Education. Contact us today and walk into your exam fully prepared.