COST ACCOUNTING MANAGEMENT - Mention major items of expenses or income, which will appear in financial accounts, but will not normally appear in cost accounts What is standard costing and how would

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                        COST ACCOUNTING MANAGEMENT

Q 1. Mention major items of expenses or income, which will appear in financial accounts, but will not normally appear in cost accounts.

Q 2. What is standard costing and how would you distinguish it from budgetary control

Q 3. If a company sells more units than it produces, would the the profits reported by absorption costing tend to be higher or lower than the profits reported by variable costing ?why?

Q 4. Why is operating costing called service costing ? describe in brief the cost accumulating procedure under operating costing.

Q 5. Discuss the accounting treatment of the spoilage and defectives in cost accounts.

 Q 6. Explain the meaning of batch costing how does such accosting differ from job costing?

Q 7. Discuss briefly the principle to be followed while taking credit for profit on incomplete contracts?

Q 8. Discuss the various methods of treatment of research and development costs in cost account.