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

• 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
Ql)
a) What is cost accounting?
b) What is meant by material control?
c) Distinguish between direct and indirect labour.
d) How would you classify, overheads according to functions?
e) Explain sales budget.
0 What is meant by standard costing?
g) What are the assumptions of break even analysis?
h) Define contribution.
i) Differentiate between fund flow and cash flow statements.
j) What is meant by allocation of overheads?

Section - B

Q2) What are the factors which are to be taken into account for installing a cost
accounting system in manufacturing concern?

Q3) What is the necessity of preparing reconciliation statement? Explain various causes responsible           for disagreement of profits shown by financial and costing books.

Q4) What do you mean by fund flow statement? Discuss its advantages.

Q5) What is meant by Material control? State briefly the basic requirement of
material control system.

Q6) Following figure is related to a company manufacturing various range of products:

 Year Sales Profit 1st   year Rs. 15000/- Rs.4000/- 2nd  Year Rs. 19000/- Rs. 11500/-

Calculate
a) P/V ratio
b) Profit on sales of Rs. 1,20,0001-.
c) Sales required for a cash profit of Rs" 20,000 -.
d) Margin of safety tn2"d Year.
e) Variable cost in 1't Year.

Q7) The following particulars are regarding the standard and actual production  of product X.

Standard quantity of material per unit: = 5 Kg.
Standard price per Kg:= Rs. 5/-
Actual number of units produced:=400 Kg.
Actual quantity of material used : =22A0 Kg
Price of material := Rs. 4.801- per Kg
Calculate
a) Material price variance
b) Material usage variance.