Gauhati University Question Papers
COST AND MANAGEMENT ACCOUNTING (May-June’ 2014)
Full Marks: 80
Time Allowed: 3 hours
GROUP – A
COST ACCOUNTING
Marks: 40
Answer either in
English or Assamese
The figures in the
margin indicate full marks for the questions
ANSWER ALL THE
QUESTIONS AS DIRECTED
1.
Answer the following as directed: 1x4=4
a)
Cost audit report is addressed to the
shareholders. (State whether the statement is true or false)
b)
Prime cost + Factory overheads = _____.
(Complete the blank space)
c)
What is overhead rate?
d)
What is standard hour?
2.
Answer (any three) Questions of the following: 2x3=6
a)
Give two examples of semi variable costs.
b)
Give two causes of idle time.
c)
Give two reasons for over and under absorption
of overheads.
d)
Give two cause of Material Usage Variance.
3.
Write short notes on (any two) of the following: 5x2=10
a) Distinction
between Cost-Audit & Financial Audit.
b) Selling
and Distribution Overhead.
c) Incremental
and decremental costs.
4.
Describe the objectives of cost accounting highlight the areas in which cost
accounting can be treated as an aid to management. 10
Or
“One of the major objectives of a system of material control
is to ensure that there is no over-stocking and under-stocking of materials.”
Discuss.
5.
Explain the principles and basis of allocation and apportionment of overheads. 10
Or
From the following information prepare a Cost Sheet for the
period ended on 31st March, 2014:
|
Particulars
|
Amount in (Rs.)
|
|
Opening stock of raw
material
Purchase of raw
material
Closing stock of raw
material
Direct wages
Direct expenses
Factory overheads
Office &
administrative overhead
Selling &
distribution overhead
Cost of opening
stock of finished goods
Cost of closing
stock of finished goods
|
41,000
1,59,000
35,000
44,000
20,000
50% of direct wages
25% of work cost
40,000
40,000
20,000
|
Also
calculated the volume of sales to earn a profit of Rs. 5,00,000.
GROUP – B
MANAGEMENT ACCOUNTING
Marks: 40
The figures in the
margin indicate full marks for the questions.
6.
Answer the following as directed: 1x4=4
a)
The term management accounting was first used in
the year. (Fill in the blank)
b)
Vertical Analysis is also known as ‘Static
Analysis’. (State whether the statement is true or false)
c)
Contribution is the difference between the sales
and the total cost of sales. (State whether the statement is true or false)
d)
How Earnings per share (E.P.S.) is calculated?
7.
Write short notes on (any three) of the following: 2x3=6
a)
Budget Manual.
b)
Liquidity Ratio.
c)
Margin of Safety.
d)
Return on capital Employed.
8.
Answer (any two) of the following: 5x2=10
a)
Nature of management accounting.
b)
Purposes of performance budgeting.
c)
Limitations of financial statement.
9.
Explain in detail five leading tools and techniques used for analysis of
Financial Statement. 10
Or
Discuss the significance and computation of the following
ratios. 2 ½ x
4=10
a) Return
on investment.
b) Debt-Equity
Ratio.
c) Opening
Profit Ratio.
d) Stock
Turnover Ratio.
10.
From the following information find out: 4+4+2=10
a) Sales
at Break-Even point.
b) P/V
Ratio.
c) Margin
of Safety
Ø Sales
Rs. 2,60,000/- (at Rs. 20-per unit)
Ø Fixed
Cost Rs. 80,000/-
Ø Variable
Cost Rs. 10/-
Or
How is a Cash Flow Statement prepared as per Indian
Accounting Standard? State the utility of preparing such a statement. 5+5=10
***
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