Cost And Management Accounting Question Paper of 3rd Semester BBA Download Previous Years Question Paper 7

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

Ql)

a) Explain the meaning of material price variances.

b) Briefly discuss the scope of cost accounting.

c) What is flexible budget?

d) What is re-order level?

e) Explain the term quotation price.

f)What do you understand by rc-conciliation?

g) Give the formula for calculating P/V ratio.

h) Distinguish between direct and indirect cost.

i) Explain briefly uses of fund flow statement.

j)Distinguish between marginal cost and marginal costing

Section - B

Q2) Explain the objective and advantages of cost accounting.

Q3) What do you understand by fund flow statement? Distinguish between cash

         flow statement and fund flow statement.

Q4) Define He overhead costs. Distinguish between fixed, semi fixed, and variable overhead cost

       giving an example of each.

Q5) 'I'he following data relate to the produce of a standard during the month of

        March 2008

        

        Raw Material Consumed                            Rs.80.000

        Direct wages                                     Rs.4g,000

        Machine hours worked                     Rs. 9,000

        Machine hour rate                                      Rs. 4

        Office overheads                               10% of works cost

        Selling overheads                                        Rs. 1.50 per unit sold

units produced                                  4,000

units sold                                          3600 @ R, 50 each

You are required to prepare a cost sheet in respect of the above showing:

(a) Cost per unit

(b) Profit for the period

Q6) What do you understand by budgetary control? Explain the various types of

budgets.

Q7) The net profit of a business house according to financial accounts was Rs.

84,317 while profits shown by costs accounts was Rs. I,06,200 for the same years. Prepare reconciliation statement reconcile both the profits from the profits from the following information.

(a) Depreciation changed in financial accounts Rs. 5600 while recovered in

cost account Rs. 6250.

(b) Works over heads under absorbed in cost accounts Rs 1560 while office overheads over recovered in cost accounts Rs. g50.

(c) Interest on loan not includes in costs Rs. 4000.

(d) Loss due to obsolescence charged in financial accounts Rs. 2850.

(e) Bank interest and divided received Rs. 375.

(f) Income the paid lts. 20,150.

(g) Loss due to depreciation in inventories charged in financial accounts

Rs.3,375.

(h) Stores adjustment (credited in financial accounts) Rs. 237.