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Roll No"
Total No. of Questions: 07]

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[Total No. of Pages: 02

BBA (Sem.- 3"r) COST AND MANAGBME NT ACCOUNTIN G SUBJECTCODE : BB - 303

PaLcrID : [C0215]
[Note: Pleasefill subject code and papcr ID on ONIRI

Time : 03 Hours Instruction to Candidates: 1) Section A is Compulsory. 2) from Section- B. Attempt any Four questions Scction- A Ql) a) b) c) d) e) 0 g) h) D )

Maximum Marks : 60

Q0x2=20) What is indirectmaterial?Give an example. What is EconomicorderQuantity? Write two limitations of PieceRateSystem. Explain margin of safety. How would you calculate materialusage variance? What is Fixed Budgeting? What is standardcosting? Define Cost centres. Differentiate between Costingand CostAccounting. costs?Give two examples. What are semi-variable Scction- I]

Q2) Q3) QQ

Q5)

(4x10=40) What are the objectives of cost Accounting? Discuss the procedureof installationof a costingsystemin an organisation. variousmethods Whataretheobjectives ofmaterialcontrol? Discuss ofrnaterial control. Why is it necessary reconcilethe profits asshownby the CostandFinancial to Accounts? Explain the reasons the differencein profits shownby the two for set of accounts. Difterentiatebetween a budget,budgeting and budgetarycontrol. Discuss various pre-requisites implernenting budgetarycontrol systemin an of a organisation. www.allsubjects4yoir.com RTo"

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www. lsL' al bjects4you. i-n cc Q6) A company produces24,000 units. The cost sheet gives the following information: Rs. 1,20,000 Directmaterial 84,000 Directwages 48,000 Variableoverheads 28,000 overheads Semi-variable 80,000 Fixed overheads 3,60,000 Total cost The productis sold at Rs. 20 per unit. the proposes increase productionby 3,000 units for sale to The management will in the foreign market. It is estimatedthat the semi-variableoverheads increase Rs. 1,000.But the productwill be sold at Rs 14 per unit in the by will be incurred. foreign market.How ever no additionalcapitalexpenditure What will be your seeksyour adviceas a cost accountant. The management of adviceto the management the company? has Q7) Acompany furnishedthe following informationin relationto theproduction by discsmanufactured it during 2010: of 1,000units of compact Rs. 1,00,000 Costof materials 70,000 Directwages 15,000 stores(20% fixed) Cost of power and consumable 20,000 Factoryindirect wages(40% fixed) 10,000 Costof lighting in the factory(fixed) 30,000 (fixed) Office expenses 50,000 (70%variable) Sellingexpenses 10,000 Depreciation ofplant understraightline method The entire output was sold at Rs. 350 per unit. by that For the year2011, it is estimated the productionwill be increased 50% by utilising the sparecapacityandthe ratesfor materialsand directwageswill respectively. increase l0% and20o/o by Prepare Cost sheetfor the year2010showingthe costper unit anda statement showing estimatedcost and profit for the year 2011, assumingthat all the goodsproduced would be sold at a price of Rs. 340 per unit. www. |!su a bjectsclyou. cunr
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