Cost And Management Accounting Question Paper of 3rd Semester BBA Download Previous Years Question Paper 9

Roll No.

Total No. of Questions : 07

BBA (Sem.–3rd)

COST AND MANAGEMENT ACCOUNTING

Subject Code : BB-303

Paper ID : [C0215]

Time : 3 Hrs.

INSTRUCTION TO CANDIDATES :

1. Section –A, is Compulsory.

2. Attempt any four questions from Section-B.

Section –A

Q1)

 a) Cost Unit.

 b) Standard Costing.

 c) EOQ.

 d) P/V Ratio.

 e) Material price variance.

 f) Master Budget.

 g) Cost centre.

 h) Cash equivalent.

 i) Budget.

 j) Break Even point.

Section - B

Q2) Cost Accounting is unnecessary luxury. Comment

Q3) What is meant by Budgetary Control? What are advantages of Budgetary

       Control?                   

Q4) Prepare a coast sheet taking imaginary figures.

Q5) The Standard cost of a chemical mixture is as follows:

 40% Material A at Rs. 20 per Kg

 60% Material B at Rs. 30 per Kg

A standard loss of 10% of input is expected in production. The cost records

for a period showed the following usage.

 90 Kg Material A at a cost of Rs. 18 per Kg.

 110 kg Material B at a cost of Rs. 34 per Kg.

 The quantity produced was 182 kg.

 Calculate all material variance and explain the causes responsible for each

 variance.

Q6) You are given the following information:

Year               Sales                     Profit

                         Rs.                        Rs.

 1995               1, 20,000              9,000

 1996               1, 40,000              13,000

 Assuming that the cost structure and selling price remain unchanged in the

two years, find out

 • P/V ratio.

 • Break Even Point.

 • Fixed cost.

 • Profit when sales are Rs. 1, 00,000.

Q7) A manufacturing company uses Rs. 50,000 materials per year. The

administration cost per purchase is Rs. 50 and Carrying cost is 20% of the

average inventory. The company currently has an optimum purchasing

policy but has been offered 0.4 percent discount if they purchase five times

per year. Should the offer be accepted? If not, what counter offer should be

made?