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    Acc Dec 12

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    This document contains instructions and questions for a Cost and Management Accounting examination. It is divided into 5 units. For each unit, students must answer one essay question and one short note question. The essay questions involve explaining concepts like cash budgets, standard costing, variance analysis, uniform costing and social audits. The short note questions require defining or distinguishing terms such as functional budgets, zero base budgeting, direct material/labor cost, budgetary control vs standard costing, labor efficiency variance, types of cost audits, and objectives of interfirm comparison.

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    Acc Dec 12

    Uploaded by

    Nn
    15 views3 pages
    This document contains instructions and questions for a Cost and Management Accounting examination. It is divided into 5 units. For each unit, students must answer one essay question and one short note question. The essay questions involve explaining concepts like cash budgets, standard costing, variance analysis, uniform costing and social audits. The short note questions require defining or distinguishing terms such as functional budgets, zero base budgeting, direct material/labor cost, budgetary control vs standard costing, labor efficiency variance, types of cost audits, and objectives of interfirm comparison.

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    This document contains instructions and questions for a Cost and Management Accounting examination. It is divided into 5 units. For each unit, students must answer one essay question and one short note question. The essay questions involve explaining concepts like cash budgets, standard costing, variance analysis, uniform costing and social audits. The short note questions require defining or distinguishing terms such as functional budgets, zero base budgeting, direct material/labor cost, budgetary control vs standard costing, labor efficiency variance, types of cost audits, and objectives of interfirm comparison.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    15 views3 pages

    Acc Dec 12

    Uploaded by

    Nn
    This document contains instructions and questions for a Cost and Management Accounting examination. It is divided into 5 units. For each unit, students must answer one essay question and one short note question. The essay questions involve explaining concepts like cash budgets, standard costing, variance analysis, uniform costing and social audits. The short note questions require defining or distinguishing terms such as functional budgets, zero base budgeting, direct material/labor cost, budgetary control vs standard costing, labor efficiency variance, types of cost audits, and objectives of interfirm comparison.

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    of 3

    *0334* 0334

    III Semester 5 Year B.B.A. LL.B. Examination, December 2012


    COST AND MANAGEMENT ACCOUNTING

    Duration : 3 Hours Max. Marks : 100

    Instructions : 1. Answer all 5 questions.


    2. One essay type and one short note question or problem
    from each Unit have to be attempted, which is referred as
    Part (a) and Part (b).

    UNIT – I

    Q. No. 1. (a) What is cash budget ? What are its advantages ? Marks : 15
    OR
    The following data are available in a manufacturing company
    for a period at 50% of capacity.
    Particulars Rs. (lakhs)
    Wages and salaries 9.5
    Rent and taxes (fixed) 6.6
    Repairs and maintenance (45% fixed) 3.5
    Indirect labour (60% fixed) 2.5
    Sales department salaries (50% fixed) 2.0
    Materials 21.7
    Labour 20.4
    Other expenses 7.9
    Prepare flexible budget 60%, 75% and 100% of capacities.
    (b) Write a short note on Marks : 5
    Functional budgets.
    OR
    Write a short note on :
    Zero Base Budgeting. P.T.O.
    0334 -2- *0334*
    UNIT – II

    Q. No. 2. (a) Explain : Marks : 15


    i) Types of standards
    ii) Establishment of standard cost.
    OR
    What are the advantages and disadvantages of Standard
    Costing ?
    (b) Write a short note on : Marks : 5
    Direct Material Cost and Direct Labour Cost.
    OR
    Distinguish between Budgetary Control and Standard Costing.

    UNIT – III

    Q. No. 3. (a) The following information is available from the records of a


    factory : Marks : 15
    Particulars Budget Actual
    Fixed overhead for June Rs. 10,000 Rs. 12,000
    Production in June (units) 2000 2100
    Standard time per unit (hours) 10 -
    Actual hours worked in June - 22000
    Compute :
    i) Fixed overhead cost variance
    ii) Expenditure variance
    iii) Volume variance.
    OR
    Explain material cost variances.
    (b) Write a short note on : Marks : 5
    Labour efficiency variance.
    OR
    What are uses of variance analysis ?
    *0334* -3- 0334

    UNIT – IV

    Q. No. 4. (a) Define uniform costing. Give its advantages and limitations. Marks : 15
    OR

    Mention the general features of cost accounting records.

    (b) Write a short note on : Marks : 5

    Types of cost audits.


    OR

    State the objectives of interfirm comparison.

    UNIT – V

    Q. No. 5. (a) What do you mean by social audit report ? Explain. Marks : 15
    OR

    Define management audit. State the objectives and limitations


    of management audit.

    (b) State the limitations of social audit. Marks : 5


    OR

    Distinguish between cost audit and management audit.


    ________________

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