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Cost & Management
Accounting
Note :- Solve any 4 Questions
All Questions Carry equal
Marks.
Questions:
- a) Are
all fixed costs sunk costs? Explain
b) What are opportunity costs? Are
opportunity costs relevant in decision
making? Give examples in support of your answer.
c) What are the various methods by which
you would split semi-variable costs in
its fixed and variable elements?
- a) What are the characteristics of companies that are like to be using job order cost system? Specify five concrete situations when use of job order cost system is most appropriate.
b) Why is it difficult to identify
manufacturing overheads with products manufactured? Also, state the difference
between the manufacturing overheads control account and manufacturing overhead
applied account.
- a) What
do you understand by integrated accounts? State the advantages of
integrated accounts. State in brief the procedure of installing such a
system in a newly started manufacturing firm.
b) Why is it necessary to reconcile cost
and financial accounts?
- a)
Explain How budgeting and budgetary control operate together in a total
management system.
b) Write a note on the advantages and
limitations of budgeting.
- a) What
is “standard costing” and how would you distinguish it from “budgetary
control?”
b) How do standards and standard costs
facilitate managerial planning and control?
Need Answer Sheet of this Question paper, contact
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