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

• Wednesday, August 31, 2016

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