Cost And Management Accounting Question Paper of 3rd Semester BBA Download Previous Years Question Paper 1

Roll No.

Total No. of Questions : 07

BBA (Sem.–3rd)

COST AND MANAGEMENT ACCOUNTING

Subject Code : BB-303

Paper ID : [C1166]

Time : 3 Hrs.

INSTRUCTION TO CANDIDATES :

1. Section –A, is Compulsory.

2. Attempt any four questions from Section-B.

Section –A

Q.1. Write a short note on the following in 2-5 lines:

a) Explain three merits of management accounting

b) What is margin of safety?

c) How standard costing differ from budgetary control?

d) Define P/V ratio.

e) Discus in detail benefits of standard costing.

f) Define trend analysis

g) Discus the significance of liquidity ratio.

h) What do you mean by cash flow statement?

i) How will you calculate cash from operation?

j) Define labour turnover

SECTION-B

UNIT-I

Q.2. Define cost accounting. Discus in detail objectives, advantages and disadvantages of cost accounting. How to prepare cost sheet explain with the help of example?

Q.3. Explain the FIFO and LIFO methods of valuation of material issues. Discus the effect of increasing and falling prices on these two methods of pricing material issue.

UNIT-II

Q.4. Describe the concept of marginal costing. How marginal costing differ from absorption costing explain with the help of examples.

Q.5. Define overhead. Discus in detail classification, absorption and apportionment of overheads.

UNIT-III

Q.6. What do you mean by budgetary control? Discus in detail types of budget.

Q.7. The following data is obtained from the books of manufacturing concern:

	Men	Women
Number in the standard gang	24	14
Standard rate per hour	Rs.8	Rs.7
Number in the actual gang	18	16
Actual rate per hour	Rs.9	Rs.6

During a week, 2 hour were lost sue to power failure and work was actually done for 40 hours Calculate labour mix variance and idle time variance. 

UNIT-IV

Q.8. What is the purpose of preparing a cash flow statement? How is it prepared? Explain with the help of example.

Q.9. Draw up a balance sheet from following information given below:

Current ratio : 2.5	Fixed asset turnover atio:2 times
Liquidity ratio : 1.5	Average debt collection period: 2 months
Stock turn over ratio :6times	Fixed asset: shareholders
Gross profit ratio 20%	Net Worth = 1:1
Net working capital Rs. 3 0 00	Reserve : Share capital 0.5 :1