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A machine manufactures 10000 units of a part at a total cost of Rs. 21 out of which Rs. 18 is variable.

A machine manufactures 10000 units of a part at a total cost of Rs. 21 out of which Rs. 18 is variable.

www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040 Cost and Management Accounting Total marks - 100 Section - A - Attempt any ten questions. Each question is 4 marks. (10 × 4 = 40) Q1) a) Define period cost. b) Explain the meaning of cost accounting. c) Distinguish between direct and indirect cost. d) Explain Contribution. e) How does cost volume, profit analysis is helpful in cost control. f) How margin of safety can be improved? g) What do you mean by relevant cost? h) State the cost data required for determining the profitability of various products. i) Explain various conditions of Depression. j) What is out of pocket cost? k) What are the limitations of standard costing? l) Distinguished between standard cost and estimated cost. m) Briefly explain labour variance. n) Explain the need for reconciliation between budgeted profit and actual profit. o) Prepare the Performa for cost sheet. Section – B – Attempt any 6 questions. Each question is 10 marks (10 × 6 = 60) Q2) what is meant by classification of overheads and why it should be attempted? Q3) Cost volume profit analysis is mainly used in guiding decisions yet to be made. Explain the statement by giving examples. Q4) Explain the meaning and uses of P/V ratio. Q5) The sales turnover and profit during two year were as follows. Year Sales Profit 2005 150000 20000 2006 170000 25000 you are required to calculate (a) Fixed cost (b) Breakeven point Q6) A machine manufactures 10000 units of a part at a total cost of Rs. 21 out of which Rs. 18 is variable. This part is readily available in market at Rs. 19 per unit. If the part is purchased from market then the machine can be utilized to manufacture a component in same quantity contributing Rs. 2 per component or it can be hired at Rs. 21000. Recommend which alternative is profitable. Q7) How product profitability can be ascertained with the technique of marginal costing? Q8) Explain various cost concepts in decision making. Q9) Distinguish between relevant and irrelevant cost. Q10) Explain briefly the significance of standard costing as a technique of cost control. Q11) Given that the cost standards for material consumption are 40Kg at Rs.10 per Kg. Compute the variances when actual are 48 Kg at Rs. 12 per Kg. Q12) Prepare cost sheet with the help of imaginary figures. Q13) What are the main advantages of preparing cost sheet? www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040

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129 views • 8 slides
Briefly explain labour variance.

Briefly explain labour variance.

www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040 Cost and Management Accounting Total marks - 100 Section - A - Attempt any ten questions. Each question is 4 marks. (10 × 4 = 40) Q1) a) Define period cost. b) Explain the meaning of cost accounting. c) Distinguish between direct and indirect cost. d) Explain Contribution. e) How does cost volume, profit analysis is helpful in cost control. f) How margin of safety can be improved? g) What do you mean by relevant cost? h) State the cost data required for determining the profitability of various products. i) Explain various conditions of Depression. j) What is out of pocket cost? k) What are the limitations of standard costing? l) Distinguished between standard cost and estimated cost. m) Briefly explain labour variance. n) Explain the need for reconciliation between budgeted profit and actual profit. o) Prepare the Performa for cost sheet. Section – B – Attempt any 6 questions. Each question is 10 marks (10 × 6 = 60) Q2) what is meant by classification of overheads and why it should be attempted? Q3) Cost volume profit analysis is mainly used in guiding decisions yet to be made. Explain the statement by giving examples. Q4) Explain the meaning and uses of P/V ratio. Q5) The sales turnover and profit during two year were as follows. Year Sales Profit 2005 150000 20000 2006 170000 25000 you are required to calculate (a) Fixed cost (b) Breakeven point Q6) A machine manufactures 10000 units of a part at a total cost of Rs. 21 out of which Rs. 18 is variable. This part is readily available in market at Rs. 19 per unit. If the part is purchased from market then the machine can be utilized to manufacture a component in same quantity contributing Rs. 2 per component or it can be hired at Rs. 21000. Recommend which alternative is profitable. Q7) How product profitability can be ascertained with the technique of marginal costing? Q8) Explain various cost concepts in decision making. Q9) Distinguish between relevant and irrelevant cost. Q10) Explain briefly the significance of standard costing as a technique of cost control. Q11) Given that the cost standards for material consumption are 40Kg at Rs.10 per Kg. Compute the variances when actual are 48 Kg at Rs. 12 per Kg. Q12) Prepare cost sheet with the help of imaginary figures. Q13) What are the main advantages of preparing cost sheet? www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040

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96 views • 8 slides
Cost volume profit analysis is mainly used in guiding decisions yet to be made. Explain the statement by giving examples

Cost volume profit analysis is mainly used in guiding decisions yet to be made. Explain the statement by giving examples

www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040 Cost and Management Accounting Total marks - 100 Section - A - Attempt any ten questions. Each question is 4 marks. (10 × 4 = 40) Q1) a) Define period cost. b) Explain the meaning of cost accounting. c) Distinguish between direct and indirect cost. d) Explain Contribution. e) How does cost volume, profit analysis is helpful in cost control. f) How margin of safety can be improved? g) What do you mean by relevant cost? h) State the cost data required for determining the profitability of various products. i) Explain various conditions of Depression. j) What is out of pocket cost? k) What are the limitations of standard costing? l) Distinguished between standard cost and estimated cost. m) Briefly explain labour variance. n) Explain the need for reconciliation between budgeted profit and actual profit. o) Prepare the Performa for cost sheet. Section – B – Attempt any 6 questions. Each question is 10 marks (10 × 6 = 60) Q2) what is meant by classification of overheads and why it should be attempted? Q3) Cost volume profit analysis is mainly used in guiding decisions yet to be made. Explain the statement by giving examples. Q4) Explain the meaning and uses of P/V ratio. Q5) The sales turnover and profit during two year were as follows. Year Sales Profit 2005 150000 20000 2006 170000 25000 you are required to calculate (a) Fixed cost (b) Breakeven point Q6) A machine manufactures 10000 units of a part at a total cost of Rs. 21 out of which Rs. 18 is variable. This part is readily available in market at Rs. 19 per unit. If the part is purchased from market then the machine can be utilized to manufacture a component in same quantity contributing Rs. 2 per component or it can be hired at Rs. 21000. Recommend which alternative is profitable. Q7) How product profitability can be ascertained with the technique of marginal costing? Q8) Explain various cost concepts in decision making. Q9) Distinguish between relevant and irrelevant cost. Q10) Explain briefly the significance of standard costing as a technique of cost control. Q11) Given that the cost standards for material consumption are 40Kg at Rs.10 per Kg. Compute the variances when actual are 48 Kg at Rs. 12 per Kg. Q12) Prepare cost sheet with the help of imaginary figures. Q13) What are the main advantages of preparing cost sheet? www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040

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96 views • 8 slides
Define period cost.

Define period cost.

www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040 Cost and Management Accounting Total marks - 100 Section - A - Attempt any ten questions. Each question is 4 marks. (10 × 4 = 40) Q1) a) Define period cost. b) Explain the meaning of cost accounting. c) Distinguish between direct and indirect cost. d) Explain Contribution. e) How does cost volume, profit analysis is helpful in cost control. f) How margin of safety can be improved? g) What do you mean by relevant cost? h) State the cost data required for determining the profitability of various products. i) Explain various conditions of Depression. j) What is out of pocket cost? k) What are the limitations of standard costing? l) Distinguished between standard cost and estimated cost. m) Briefly explain labour variance. n) Explain the need for reconciliation between budgeted profit and actual profit. o) Prepare the Performa for cost sheet. Section – B – Attempt any 6 questions. Each question is 10 marks (10 × 6 = 60) Q2) what is meant by classification of overheads and why it should be attempted? Q3) Cost volume profit analysis is mainly used in guiding decisions yet to be made. Explain the statement by giving examples. Q4) Explain the meaning and uses of P/V ratio. Q5) The sales turnover and profit during two year were as follows. Year Sales Profit 2005 150000 20000 2006 170000 25000 you are required to calculate (a) Fixed cost (b) Breakeven point Q6) A machine manufactures 10000 units of a part at a total cost of Rs. 21 out of which Rs. 18 is variable. This part is readily available in market at Rs. 19 per unit. If the part is purchased from market then the machine can be utilized to manufacture a component in same quantity contributing Rs. 2 per component or it can be hired at Rs. 21000. Recommend which alternative is profitable. Q7) How product profitability can be ascertained with the technique of marginal costing? Q8) Explain various cost concepts in decision making. Q9) Distinguish between relevant and irrelevant cost. Q10) Explain briefly the significance of standard costing as a technique of cost control. Q11) Given that the cost standards for material consumption are 40Kg at Rs.10 per Kg. Compute the variances when actual are 48 Kg at Rs. 12 per Kg. Q12) Prepare cost sheet with the help of imaginary figures. Q13) What are the main advantages of preparing cost sheet? www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040

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101 views • 8 slides
Distinguish between direct and indirect cost.

Distinguish between direct and indirect cost.

www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040 Cost and Management Accounting Total marks - 100 Section - A - Attempt any ten questions. Each question is 4 marks. (10 × 4 = 40) Q1) a) Define period cost. b) Explain the meaning of cost accounting. c) Distinguish between direct and indirect cost. d) Explain Contribution. e) How does cost volume, profit analysis is helpful in cost control. f) How margin of safety can be improved? g) What do you mean by relevant cost? h) State the cost data required for determining the profitability of various products. i) Explain various conditions of Depression. j) What is out of pocket cost? k) What are the limitations of standard costing? l) Distinguished between standard cost and estimated cost. m) Briefly explain labour variance. n) Explain the need for reconciliation between budgeted profit and actual profit. o) Prepare the Performa for cost sheet. Section – B – Attempt any 6 questions. Each question is 10 marks (10 × 6 = 60) Q2) what is meant by classification of overheads and why it should be attempted? Q3) Cost volume profit analysis is mainly used in guiding decisions yet to be made. Explain the statement by giving examples. Q4) Explain the meaning and uses of P/V ratio. Q5) The sales turnover and profit during two year were as follows. Year Sales Profit 2005 150000 20000 2006 170000 25000 you are required to calculate (a) Fixed cost (b) Breakeven point Q6) A machine manufactures 10000 units of a part at a total cost of Rs. 21 out of which Rs. 18 is variable. This part is readily available in market at Rs. 19 per unit. If the part is purchased from market then the machine can be utilized to manufacture a component in same quantity contributing Rs. 2 per component or it can be hired at Rs. 21000. Recommend which alternative is profitable. Q7) How product profitability can be ascertained with the technique of marginal costing? Q8) Explain various cost concepts in decision making. Q9) Distinguish between relevant and irrelevant cost. Q10) Explain briefly the significance of standard costing as a technique of cost control. Q11) Given that the cost standards for material consumption are 40Kg at Rs.10 per Kg. Compute the variances when actual are 48 Kg at Rs. 12 per Kg. Q12) Prepare cost sheet with the help of imaginary figures. Q13) What are the main advantages of preparing cost sheet? www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040

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98 views • 8 slides
Distinguish between relevant and irrelevant cost.

Distinguish between relevant and irrelevant cost.

www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040 Cost and Management Accounting Total marks - 100 Section - A - Attempt any ten questions. Each question is 4 marks. (10 × 4 = 40) Q1) a) Define period cost. b) Explain the meaning of cost accounting. c) Distinguish between direct and indirect cost. d) Explain Contribution. e) How does cost volume, profit analysis is helpful in cost control. f) How margin of safety can be improved? g) What do you mean by relevant cost? h) State the cost data required for determining the profitability of various products. i) Explain various conditions of Depression. j) What is out of pocket cost? k) What are the limitations of standard costing? l) Distinguished between standard cost and estimated cost. m) Briefly explain labour variance. n) Explain the need for reconciliation between budgeted profit and actual profit. o) Prepare the Performa for cost sheet. Section – B – Attempt any 6 questions. Each question is 10 marks (10 × 6 = 60) Q2) what is meant by classification of overheads and why it should be attempted? Q3) Cost volume profit analysis is mainly used in guiding decisions yet to be made. Explain the statement by giving examples. Q4) Explain the meaning and uses of P/V ratio. Q5) The sales turnover and profit during two year were as follows. Year Sales Profit 2005 150000 20000 2006 170000 25000 you are required to calculate (a) Fixed cost (b) Breakeven point Q6) A machine manufactures 10000 units of a part at a total cost of Rs. 21 out of which Rs. 18 is variable. This part is readily available in market at Rs. 19 per unit. If the part is purchased from market then the machine can be utilized to manufacture a component in same quantity contributing Rs. 2 per component or it can be hired at Rs. 21000. Recommend which alternative is profitable. Q7) How product profitability can be ascertained with the technique of marginal costing? Q8) Explain various cost concepts in decision making. Q9) Distinguish between relevant and irrelevant cost. Q10) Explain briefly the significance of standard costing as a technique of cost control. Q11) Given that the cost standards for material consumption are 40Kg at Rs.10 per Kg. Compute the variances when actual are 48 Kg at Rs. 12 per Kg. Q12) Prepare cost sheet with the help of imaginary figures. Q13) What are the main advantages of preparing cost sheet? www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040

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115 views • 8 slides
Distinguished between standard cost and estimated cost

Distinguished between standard cost and estimated cost

www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040 Cost and Management Accounting Total marks - 100 Section - A - Attempt any ten questions. Each question is 4 marks. (10 × 4 = 40) Q1) a) Define period cost. b) Explain the meaning of cost accounting. c) Distinguish between direct and indirect cost. d) Explain Contribution. e) How does cost volume, profit analysis is helpful in cost control. f) How margin of safety can be improved? g) What do you mean by relevant cost? h) State the cost data required for determining the profitability of various products. i) Explain various conditions of Depression. j) What is out of pocket cost? k) What are the limitations of standard costing? l) Distinguished between standard cost and estimated cost. m) Briefly explain labour variance. n) Explain the need for reconciliation between budgeted profit and actual profit. o) Prepare the Performa for cost sheet. Section – B – Attempt any 6 questions. Each question is 10 marks (10 × 6 = 60) Q2) what is meant by classification of overheads and why it should be attempted? Q3) Cost volume profit analysis is mainly used in guiding decisions yet to be made. Explain the statement by giving examples. Q4) Explain the meaning and uses of P/V ratio. Q5) The sales turnover and profit during two year were as follows. Year Sales Profit 2005 150000 20000 2006 170000 25000 you are required to calculate (a) Fixed cost (b) Breakeven point Q6) A machine manufactures 10000 units of a part at a total cost of Rs. 21 out of which Rs. 18 is variable. This part is readily available in market at Rs. 19 per unit. If the part is purchased from market then the machine can be utilized to manufacture a component in same quantity contributing Rs. 2 per component or it can be hired at Rs. 21000. Recommend which alternative is profitable. Q7) How product profitability can be ascertained with the technique of marginal costing? Q8) Explain various cost concepts in decision making. Q9) Distinguish between relevant and irrelevant cost. Q10) Explain briefly the significance of standard costing as a technique of cost control. Q11) Given that the cost standards for material consumption are 40Kg at Rs.10 per Kg. Compute the variances when actual are 48 Kg at Rs. 12 per Kg. Q12) Prepare cost sheet with the help of imaginary figures. Q13) What are the main advantages of preparing cost sheet? www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040

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112 views • 8 slides
Explain briefly the significance of standard costing as a technique of cost control.

Explain briefly the significance of standard costing as a technique of cost control.

www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040 Cost and Management Accounting Total marks - 100 Section - A - Attempt any ten questions. Each question is 4 marks. (10 × 4 = 40) Q1) a) Define period cost. b) Explain the meaning of cost accounting. c) Distinguish between direct and indirect cost. d) Explain Contribution. e) How does cost volume, profit analysis is helpful in cost control. f) How margin of safety can be improved? g) What do you mean by relevant cost? h) State the cost data required for determining the profitability of various products. i) Explain various conditions of Depression. j) What is out of pocket cost? k) What are the limitations of standard costing? l) Distinguished between standard cost and estimated cost. m) Briefly explain labour variance. n) Explain the need for reconciliation between budgeted profit and actual profit. o) Prepare the Performa for cost sheet. Section – B – Attempt any 6 questions. Each question is 10 marks (10 × 6 = 60) Q2) what is meant by classification of overheads and why it should be attempted? Q3) Cost volume profit analysis is mainly used in guiding decisions yet to be made. Explain the statement by giving examples. Q4) Explain the meaning and uses of P/V ratio. Q5) The sales turnover and profit during two year were as follows. Year Sales Profit 2005 150000 20000 2006 170000 25000 you are required to calculate (a) Fixed cost (b) Breakeven point Q6) A machine manufactures 10000 units of a part at a total cost of Rs. 21 out of which Rs. 18 is variable. This part is readily available in market at Rs. 19 per unit. If the part is purchased from market then the machine can be utilized to manufacture a component in same quantity contributing Rs. 2 per component or it can be hired at Rs. 21000. Recommend which alternative is profitable. Q7) How product profitability can be ascertained with the technique of marginal costing? Q8) Explain various cost concepts in decision making. Q9) Distinguish between relevant and irrelevant cost. Q10) Explain briefly the significance of standard costing as a technique of cost control. Q11) Given that the cost standards for material consumption are 40Kg at Rs.10 per Kg. Compute the variances when actual are 48 Kg at Rs. 12 per Kg. Q12) Prepare cost sheet with the help of imaginary figures. Q13) What are the main advantages of preparing cost sheet? www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040

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92 views • 8 slides
Explain Contribution.

Explain Contribution.

www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040 Cost and Management Accounting Total marks - 100 Section - A - Attempt any ten questions. Each question is 4 marks. (10 × 4 = 40) Q1) a) Define period cost. b) Explain the meaning of cost accounting. c) Distinguish between direct and indirect cost. d) Explain Contribution. e) How does cost volume, profit analysis is helpful in cost control. f) How margin of safety can be improved? g) What do you mean by relevant cost? h) State the cost data required for determining the profitability of various products. i) Explain various conditions of Depression. j) What is out of pocket cost? k) What are the limitations of standard costing? l) Distinguished between standard cost and estimated cost. m) Briefly explain labour variance. n) Explain the need for reconciliation between budgeted profit and actual profit. o) Prepare the Performa for cost sheet. Section – B – Attempt any 6 questions. Each question is 10 marks (10 × 6 = 60) Q2) what is meant by classification of overheads and why it should be attempted? Q3) Cost volume profit analysis is mainly used in guiding decisions yet to be made. Explain the statement by giving examples. Q4) Explain the meaning and uses of P/V ratio. Q5) The sales turnover and profit during two year were as follows. Year Sales Profit 2005 150000 20000 2006 170000 25000 you are required to calculate (a) Fixed cost (b) Breakeven point Q6) A machine manufactures 10000 units of a part at a total cost of Rs. 21 out of which Rs. 18 is variable. This part is readily available in market at Rs. 19 per unit. If the part is purchased from market then the machine can be utilized to manufacture a component in same quantity contributing Rs. 2 per component or it can be hired at Rs. 21000. Recommend which alternative is profitable. Q7) How product profitability can be ascertained with the technique of marginal costing? Q8) Explain various cost concepts in decision making. Q9) Distinguish between relevant and irrelevant cost. Q10) Explain briefly the significance of standard costing as a technique of cost control. Q11) Given that the cost standards for material consumption are 40Kg at Rs.10 per Kg. Compute the variances when actual are 48 Kg at Rs. 12 per Kg. Q12) Prepare cost sheet with the help of imaginary figures. Q13) What are the main advantages of preparing cost sheet? www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040

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94 views • 8 slides
Explain Contribution.

Explain Contribution.

www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040 Cost and Management Accounting Total marks - 100 Section - A - Attempt any ten questions. Each question is 4 marks. (10 × 4 = 40) Q1) a) Define period cost. b) Explain the meaning of cost accounting. c) Distinguish between direct and indirect cost. d) Explain Contribution. e) How does cost volume, profit analysis is helpful in cost control. f) How margin of safety can be improved? g) What do you mean by relevant cost? h) State the cost data required for determining the profitability of various products. i) Explain various conditions of Depression. j) What is out of pocket cost? k) What are the limitations of standard costing? l) Distinguished between standard cost and estimated cost. m) Briefly explain labour variance. n) Explain the need for reconciliation between budgeted profit and actual profit. o) Prepare the Performa for cost sheet. Section – B – Attempt any 6 questions. Each question is 10 marks (10 × 6 = 60) Q2) what is meant by classification of overheads and why it should be attempted? Q3) Cost volume profit analysis is mainly used in guiding decisions yet to be made. Explain the statement by giving examples. Q4) Explain the meaning and uses of P/V ratio. Q5) The sales turnover and profit during two year were as follows. Year Sales Profit 2005 150000 20000 2006 170000 25000 you are required to calculate (a) Fixed cost (b) Breakeven point Q6) A machine manufactures 10000 units of a part at a total cost of Rs. 21 out of which Rs. 18 is variable. This part is readily available in market at Rs. 19 per unit. If the part is purchased from market then the machine can be utilized to manufacture a component in same quantity contributing Rs. 2 per component or it can be hired at Rs. 21000. Recommend which alternative is profitable. Q7) How product profitability can be ascertained with the technique of marginal costing? Q8) Explain various cost concepts in decision making. Q9) Distinguish between relevant and irrelevant cost. Q10) Explain briefly the significance of standard costing as a technique of cost control. Q11) Given that the cost standards for material consumption are 40Kg at Rs.10 per Kg. Compute the variances when actual are 48 Kg at Rs. 12 per Kg. Q12) Prepare cost sheet with the help of imaginary figures. Q13) What are the main advantages of preparing cost sheet? www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040

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90 views • 8 slides
Explain the meaning of cost accounting.

Explain the meaning of cost accounting.

www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040 Cost and Management Accounting Total marks - 100 Section - A - Attempt any ten questions. Each question is 4 marks. (10 × 4 = 40) Q1) a) Define period cost. b) Explain the meaning of cost accounting. c) Distinguish between direct and indirect cost. d) Explain Contribution. e) How does cost volume, profit analysis is helpful in cost control. f) How margin of safety can be improved? g) What do you mean by relevant cost? h) State the cost data required for determining the profitability of various products. i) Explain various conditions of Depression. j) What is out of pocket cost? k) What are the limitations of standard costing? l) Distinguished between standard cost and estimated cost. m) Briefly explain labour variance. n) Explain the need for reconciliation between budgeted profit and actual profit. o) Prepare the Performa for cost sheet. Section – B – Attempt any 6 questions. Each question is 10 marks (10 × 6 = 60) Q2) what is meant by classification of overheads and why it should be attempted? Q3) Cost volume profit analysis is mainly used in guiding decisions yet to be made. Explain the statement by giving examples. Q4) Explain the meaning and uses of P/V ratio. Q5) The sales turnover and profit during two year were as follows. Year Sales Profit 2005 150000 20000 2006 170000 25000 you are required to calculate (a) Fixed cost (b) Breakeven point Q6) A machine manufactures 10000 units of a part at a total cost of Rs. 21 out of which Rs. 18 is variable. This part is readily available in market at Rs. 19 per unit. If the part is purchased from market then the machine can be utilized to manufacture a component in same quantity contributing Rs. 2 per component or it can be hired at Rs. 21000. Recommend which alternative is profitable. Q7) How product profitability can be ascertained with the technique of marginal costing? Q8) Explain various cost concepts in decision making. Q9) Distinguish between relevant and irrelevant cost. Q10) Explain briefly the significance of standard costing as a technique of cost control. Q11) Given that the cost standards for material consumption are 40Kg at Rs.10 per Kg. Compute the variances when actual are 48 Kg at Rs. 12 per Kg. Q12) Prepare cost sheet with the help of imaginary figures. Q13) What are the main advantages of preparing cost sheet? www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040

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91 views • 8 slides
Explain the meaning and uses of PV ratio.

Explain the meaning and uses of PV ratio.

www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040 Cost and Management Accounting Total marks - 100 Section - A - Attempt any ten questions. Each question is 4 marks. (10 × 4 = 40) Q1) a) Define period cost. b) Explain the meaning of cost accounting. c) Distinguish between direct and indirect cost. d) Explain Contribution. e) How does cost volume, profit analysis is helpful in cost control. f) How margin of safety can be improved? g) What do you mean by relevant cost? h) State the cost data required for determining the profitability of various products. i) Explain various conditions of Depression. j) What is out of pocket cost? k) What are the limitations of standard costing? l) Distinguished between standard cost and estimated cost. m) Briefly explain labour variance. n) Explain the need for reconciliation between budgeted profit and actual profit. o) Prepare the Performa for cost sheet. Section – B – Attempt any 6 questions. Each question is 10 marks (10 × 6 = 60) Q2) what is meant by classification of overheads and why it should be attempted? Q3) Cost volume profit analysis is mainly used in guiding decisions yet to be made. Explain the statement by giving examples. Q4) Explain the meaning and uses of P/V ratio. Q5) The sales turnover and profit during two year were as follows. Year Sales Profit 2005 150000 20000 2006 170000 25000 you are required to calculate (a) Fixed cost (b) Breakeven point Q6) A machine manufactures 10000 units of a part at a total cost of Rs. 21 out of which Rs. 18 is variable. This part is readily available in market at Rs. 19 per unit. If the part is purchased from market then the machine can be utilized to manufacture a component in same quantity contributing Rs. 2 per component or it can be hired at Rs. 21000. Recommend which alternative is profitable. Q7) How product profitability can be ascertained with the technique of marginal costing? Q8) Explain various cost concepts in decision making. Q9) Distinguish between relevant and irrelevant cost. Q10) Explain briefly the significance of standard costing as a technique of cost control. Q11) Given that the cost standards for material consumption are 40Kg at Rs.10 per Kg. Compute the variances when actual are 48 Kg at Rs. 12 per Kg. Q12) Prepare cost sheet with the help of imaginary figures. Q13) What are the main advantages of preparing cost sheet? www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040

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95 views • 8 slides
Explain the need for reconciliation between budgeted profit and actual profit.

Explain the need for reconciliation between budgeted profit and actual profit.

www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040 Cost and Management Accounting Total marks - 100 Section - A - Attempt any ten questions. Each question is 4 marks. (10 × 4 = 40) Q1) a) Define period cost. b) Explain the meaning of cost accounting. c) Distinguish between direct and indirect cost. d) Explain Contribution. e) How does cost volume, profit analysis is helpful in cost control. f) How margin of safety can be improved? g) What do you mean by relevant cost? h) State the cost data required for determining the profitability of various products. i) Explain various conditions of Depression. j) What is out of pocket cost? k) What are the limitations of standard costing? l) Distinguished between standard cost and estimated cost. m) Briefly explain labour variance. n) Explain the need for reconciliation between budgeted profit and actual profit. o) Prepare the Performa for cost sheet. Section – B – Attempt any 6 questions. Each question is 10 marks (10 × 6 = 60) Q2) what is meant by classification of overheads and why it should be attempted? Q3) Cost volume profit analysis is mainly used in guiding decisions yet to be made. Explain the statement by giving examples. Q4) Explain the meaning and uses of P/V ratio. Q5) The sales turnover and profit during two year were as follows. Year Sales Profit 2005 150000 20000 2006 170000 25000 you are required to calculate (a) Fixed cost (b) Breakeven point Q6) A machine manufactures 10000 units of a part at a total cost of Rs. 21 out of which Rs. 18 is variable. This part is readily available in market at Rs. 19 per unit. If the part is purchased from market then the machine can be utilized to manufacture a component in same quantity contributing Rs. 2 per component or it can be hired at Rs. 21000. Recommend which alternative is profitable. Q7) How product profitability can be ascertained with the technique of marginal costing? Q8) Explain various cost concepts in decision making. Q9) Distinguish between relevant and irrelevant cost. Q10) Explain briefly the significance of standard costing as a technique of cost control. Q11) Given that the cost standards for material consumption are 40Kg at Rs.10 per Kg. Compute the variances when actual are 48 Kg at Rs. 12 per Kg. Q12) Prepare cost sheet with the help of imaginary figures. Q13) What are the main advantages of preparing cost sheet? www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040

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98 views • 8 slides
Explain various conditions of Depression.

Explain various conditions of Depression.

www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040 Cost and Management Accounting Total marks - 100 Section - A - Attempt any ten questions. Each question is 4 marks. (10 × 4 = 40) Q1) a) Define period cost. b) Explain the meaning of cost accounting. c) Distinguish between direct and indirect cost. d) Explain Contribution. e) How does cost volume, profit analysis is helpful in cost control. f) How margin of safety can be improved? g) What do you mean by relevant cost? h) State the cost data required for determining the profitability of various products. i) Explain various conditions of Depression. j) What is out of pocket cost? k) What are the limitations of standard costing? l) Distinguished between standard cost and estimated cost. m) Briefly explain labour variance. n) Explain the need for reconciliation between budgeted profit and actual profit. o) Prepare the Performa for cost sheet. Section – B – Attempt any 6 questions. Each question is 10 marks (10 × 6 = 60) Q2) what is meant by classification of overheads and why it should be attempted? Q3) Cost volume profit analysis is mainly used in guiding decisions yet to be made. Explain the statement by giving examples. Q4) Explain the meaning and uses of P/V ratio. Q5) The sales turnover and profit during two year were as follows. Year Sales Profit 2005 150000 20000 2006 170000 25000 you are required to calculate (a) Fixed cost (b) Breakeven point Q6) A machine manufactures 10000 units of a part at a total cost of Rs. 21 out of which Rs. 18 is variable. This part is readily available in market at Rs. 19 per unit. If the part is purchased from market then the machine can be utilized to manufacture a component in same quantity contributing Rs. 2 per component or it can be hired at Rs. 21000. Recommend which alternative is profitable. Q7) How product profitability can be ascertained with the technique of marginal costing? Q8) Explain various cost concepts in decision making. Q9) Distinguish between relevant and irrelevant cost. Q10) Explain briefly the significance of standard costing as a technique of cost control. Q11) Given that the cost standards for material consumption are 40Kg at Rs.10 per Kg. Compute the variances when actual are 48 Kg at Rs. 12 per Kg. Q12) Prepare cost sheet with the help of imaginary figures. Q13) What are the main advantages of preparing cost sheet? www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040

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92 views • 8 slides
Explain various cost concepts in decision making.

Explain various cost concepts in decision making.

www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040 Cost and Management Accounting Total marks - 100 Section - A - Attempt any ten questions. Each question is 4 marks. (10 × 4 = 40) Q1) a) Define period cost. b) Explain the meaning of cost accounting. c) Distinguish between direct and indirect cost. d) Explain Contribution. e) How does cost volume, profit analysis is helpful in cost control. f) How margin of safety can be improved? g) What do you mean by relevant cost? h) State the cost data required for determining the profitability of various products. i) Explain various conditions of Depression. j) What is out of pocket cost? k) What are the limitations of standard costing? l) Distinguished between standard cost and estimated cost. m) Briefly explain labour variance. n) Explain the need for reconciliation between budgeted profit and actual profit. o) Prepare the Performa for cost sheet. Section – B – Attempt any 6 questions. Each question is 10 marks (10 × 6 = 60) Q2) what is meant by classification of overheads and why it should be attempted? Q3) Cost volume profit analysis is mainly used in guiding decisions yet to be made. Explain the statement by giving examples. Q4) Explain the meaning and uses of P/V ratio. Q5) The sales turnover and profit during two year were as follows. Year Sales Profit 2005 150000 20000 2006 170000 25000 you are required to calculate (a) Fixed cost (b) Breakeven point Q6) A machine manufactures 10000 units of a part at a total cost of Rs. 21 out of which Rs. 18 is variable. This part is readily available in market at Rs. 19 per unit. If the part is purchased from market then the machine can be utilized to manufacture a component in same quantity contributing Rs. 2 per component or it can be hired at Rs. 21000. Recommend which alternative is profitable. Q7) How product profitability can be ascertained with the technique of marginal costing? Q8) Explain various cost concepts in decision making. Q9) Distinguish between relevant and irrelevant cost. Q10) Explain briefly the significance of standard costing as a technique of cost control. Q11) Given that the cost standards for material consumption are 40Kg at Rs.10 per Kg. Compute the variances when actual are 48 Kg at Rs. 12 per Kg. Q12) Prepare cost sheet with the help of imaginary figures. Q13) What are the main advantages of preparing cost sheet? www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040

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90 views • 8 slides
Given that the cost standards for material consumption are 40Kg at Rs.10 per Kg. Compute the variances when actual are 4

Given that the cost standards for material consumption are 40Kg at Rs.10 per Kg. Compute the variances when actual are 4

www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040 Cost and Management Accounting Total marks - 100 Section - A - Attempt any ten questions. Each question is 4 marks. (10 × 4 = 40) Q1) a) Define period cost. b) Explain the meaning of cost accounting. c) Distinguish between direct and indirect cost. d) Explain Contribution. e) How does cost volume, profit analysis is helpful in cost control. f) How margin of safety can be improved? g) What do you mean by relevant cost? h) State the cost data required for determining the profitability of various products. i) Explain various conditions of Depression. j) What is out of pocket cost? k) What are the limitations of standard costing? l) Distinguished between standard cost and estimated cost. m) Briefly explain labour variance. n) Explain the need for reconciliation between budgeted profit and actual profit. o) Prepare the Performa for cost sheet. Section – B – Attempt any 6 questions. Each question is 10 marks (10 × 6 = 60) Q2) what is meant by classification of overheads and why it should be attempted? Q3) Cost volume profit analysis is mainly used in guiding decisions yet to be made. Explain the statement by giving examples. Q4) Explain the meaning and uses of P/V ratio. Q5) The sales turnover and profit during two year were as follows. Year Sales Profit 2005 150000 20000 2006 170000 25000 you are required to calculate (a) Fixed cost (b) Breakeven point Q6) A machine manufactures 10000 units of a part at a total cost of Rs. 21 out of which Rs. 18 is variable. This part is readily available in market at Rs. 19 per unit. If the part is purchased from market then the machine can be utilized to manufacture a component in same quantity contributing Rs. 2 per component or it can be hired at Rs. 21000. Recommend which alternative is profitable. Q7) How product profitability can be ascertained with the technique of marginal costing? Q8) Explain various cost concepts in decision making. Q9) Distinguish between relevant and irrelevant cost. Q10) Explain briefly the significance of standard costing as a technique of cost control. Q11) Given that the cost standards for material consumption are 40Kg at Rs.10 per Kg. Compute the variances when actual are 48 Kg at Rs. 12 per Kg. Q12) Prepare cost sheet with the help of imaginary figures. Q13) What are the main advantages of preparing cost sheet? www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040

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105 views • 8 slides
How does cost volume, profit analysis is helpful in cost control.

How does cost volume, profit analysis is helpful in cost control.

www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040 Cost and Management Accounting Total marks - 100 Section - A - Attempt any ten questions. Each question is 4 marks. (10 × 4 = 40) Q1) a) Define period cost. b) Explain the meaning of cost accounting. c) Distinguish between direct and indirect cost. d) Explain Contribution. e) How does cost volume, profit analysis is helpful in cost control. f) How margin of safety can be improved? g) What do you mean by relevant cost? h) State the cost data required for determining the profitability of various products. i) Explain various conditions of Depression. j) What is out of pocket cost? k) What are the limitations of standard costing? l) Distinguished between standard cost and estimated cost. m) Briefly explain labour variance. n) Explain the need for reconciliation between budgeted profit and actual profit. o) Prepare the Performa for cost sheet. Section – B – Attempt any 6 questions. Each question is 10 marks (10 × 6 = 60) Q2) what is meant by classification of overheads and why it should be attempted? Q3) Cost volume profit analysis is mainly used in guiding decisions yet to be made. Explain the statement by giving examples. Q4) Explain the meaning and uses of P/V ratio. Q5) The sales turnover and profit during two year were as follows. Year Sales Profit 2005 150000 20000 2006 170000 25000 you are required to calculate (a) Fixed cost (b) Breakeven point Q6) A machine manufactures 10000 units of a part at a total cost of Rs. 21 out of which Rs. 18 is variable. This part is readily available in market at Rs. 19 per unit. If the part is purchased from market then the machine can be utilized to manufacture a component in same quantity contributing Rs. 2 per component or it can be hired at Rs. 21000. Recommend which alternative is profitable. Q7) How product profitability can be ascertained with the technique of marginal costing? Q8) Explain various cost concepts in decision making. Q9) Distinguish between relevant and irrelevant cost. Q10) Explain briefly the significance of standard costing as a technique of cost control. Q11) Given that the cost standards for material consumption are 40Kg at Rs.10 per Kg. Compute the variances when actual are 48 Kg at Rs. 12 per Kg. Q12) Prepare cost sheet with the help of imaginary figures. Q13) What are the main advantages of preparing cost sheet? www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040

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89 views • 8 slides
How margin of safety can be improved

How margin of safety can be improved

www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040 Cost and Management Accounting Total marks - 100 Section - A - Attempt any ten questions. Each question is 4 marks. (10 × 4 = 40) Q1) a) Define period cost. b) Explain the meaning of cost accounting. c) Distinguish between direct and indirect cost. d) Explain Contribution. e) How does cost volume, profit analysis is helpful in cost control. f) How margin of safety can be improved? g) What do you mean by relevant cost? h) State the cost data required for determining the profitability of various products. i) Explain various conditions of Depression. j) What is out of pocket cost? k) What are the limitations of standard costing? l) Distinguished between standard cost and estimated cost. m) Briefly explain labour variance. n) Explain the need for reconciliation between budgeted profit and actual profit. o) Prepare the Performa for cost sheet. Section – B – Attempt any 6 questions. Each question is 10 marks (10 × 6 = 60) Q2) what is meant by classification of overheads and why it should be attempted? Q3) Cost volume profit analysis is mainly used in guiding decisions yet to be made. Explain the statement by giving examples. Q4) Explain the meaning and uses of P/V ratio. Q5) The sales turnover and profit during two year were as follows. Year Sales Profit 2005 150000 20000 2006 170000 25000 you are required to calculate (a) Fixed cost (b) Breakeven point Q6) A machine manufactures 10000 units of a part at a total cost of Rs. 21 out of which Rs. 18 is variable. This part is readily available in market at Rs. 19 per unit. If the part is purchased from market then the machine can be utilized to manufacture a component in same quantity contributing Rs. 2 per component or it can be hired at Rs. 21000. Recommend which alternative is profitable. Q7) How product profitability can be ascertained with the technique of marginal costing? Q8) Explain various cost concepts in decision making. Q9) Distinguish between relevant and irrelevant cost. Q10) Explain briefly the significance of standard costing as a technique of cost control. Q11) Given that the cost standards for material consumption are 40Kg at Rs.10 per Kg. Compute the variances when actual are 48 Kg at Rs. 12 per Kg. Q12) Prepare cost sheet with the help of imaginary figures. Q13) What are the main advantages of preparing cost sheet? www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040

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92 views • 8 slides
How product profitability can be ascertained with the technique of marginal costing

How product profitability can be ascertained with the technique of marginal costing

www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040 Cost and Management Accounting Total marks - 100 Section - A - Attempt any ten questions. Each question is 4 marks. (10 × 4 = 40) Q1) a) Define period cost. b) Explain the meaning of cost accounting. c) Distinguish between direct and indirect cost. d) Explain Contribution. e) How does cost volume, profit analysis is helpful in cost control. f) How margin of safety can be improved? g) What do you mean by relevant cost? h) State the cost data required for determining the profitability of various products. i) Explain various conditions of Depression. j) What is out of pocket cost? k) What are the limitations of standard costing? l) Distinguished between standard cost and estimated cost. m) Briefly explain labour variance. n) Explain the need for reconciliation between budgeted profit and actual profit. o) Prepare the Performa for cost sheet. Section – B – Attempt any 6 questions. Each question is 10 marks (10 × 6 = 60) Q2) what is meant by classification of overheads and why it should be attempted? Q3) Cost volume profit analysis is mainly used in guiding decisions yet to be made. Explain the statement by giving examples. Q4) Explain the meaning and uses of P/V ratio. Q5) The sales turnover and profit during two year were as follows. Year Sales Profit 2005 150000 20000 2006 170000 25000 you are required to calculate (a) Fixed cost (b) Breakeven point Q6) A machine manufactures 10000 units of a part at a total cost of Rs. 21 out of which Rs. 18 is variable. This part is readily available in market at Rs. 19 per unit. If the part is purchased from market then the machine can be utilized to manufacture a component in same quantity contributing Rs. 2 per component or it can be hired at Rs. 21000. Recommend which alternative is profitable. Q7) How product profitability can be ascertained with the technique of marginal costing? Q8) Explain various cost concepts in decision making. Q9) Distinguish between relevant and irrelevant cost. Q10) Explain briefly the significance of standard costing as a technique of cost control. Q11) Given that the cost standards for material consumption are 40Kg at Rs.10 per Kg. Compute the variances when actual are 48 Kg at Rs. 12 per Kg. Q12) Prepare cost sheet with the help of imaginary figures. Q13) What are the main advantages of preparing cost sheet? www.answersheets.in info.answersheets@gmail.com info@answersheets.in 91 95030-94040

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127 views • 8 slides

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