Biju Patnaik University of Technology 2008-1st Sem M.C.A Engineering, Economics and Costing - Question Paper
i
First Semester Examination - 2008 ENGINEERING ECONOMICS AND COSTING Full Marks-70
Time-3 Hours
Answer Question No. 1 which is compulsory and any five from the rest.
Figures in the right hand margin indicate marks.
1. Answer the following questions ; 2 x10 {a) Give one method of measuring >price elasticity of demand.
(b) What do you mean by Time Value of Money ?
(c) wme one feature of IRR method,
(d) Draw a cash flow diagram with imaginary figures.
(e) What do you mean by depletion ?
(f) Write one function of a Commercial Bank.
(g) How do you classify cost according to nature of elements ?
(h) Distinguish between fixed cost and variable cost.
W Write any two factors influencing supply, of commodity.
(j) Give one distinction between Straight line method and Diminishing balance method.
Discuss the Jaws of returns to scale in all three
lechnical possibilities. 10
MCC 104 2 Contd.
3. What do you mean by Engineering Economics ? Discuss ils objectives and scope in-the current Indian scenario. 2+8
4> Describe Ihe important functions of Reserve Bank of India, 10
5. The following data are available in respect of two mutually exclusive projects. Which project is more suitable on the basis of future worth method of comparison at i = 20% ? 10
|
i Particulars |
Project A |
Project S |
|
1 'tnniat Cost (Rs.) Lire (years} Annual maintenance Cost (Rs.) Salvage value alter usable We |
bo.oo.qoo1 12 0,00,000 5,00,00 | |
70,00.000 12 9,00-000 1 4,00,000 |
The future worth table values :
F/P, 20%, 12 = 8,916 .
F/A. 20%, 12 = 39.581 MCC 104 3 P.T.O.
6. From the following particulars prepare a cost statement showing the component of Total Cost and the profit for the year ended 31 st December, 2005. 10
|
1.1.2005 |
3l.1f.20D5 | |
|
(Hs) |
(R9,J | |
|
Stoch of Raw materials |
40.000 |
50,000 |
|
Stock ol W.LP. |
15.000 |
10,000 |
|
Slock of Finished goods |
6,000 |
15.000 |
Other Transactions :
|
J Rfc |
Ws. | ||
|
Purchase of | |||
|
Raw material |
Power Expanses |
9,500 | |
|
Carriage inwards |
12.000 |
Otherpfoducilonexp, |
43.000 |
|
Wages | |
1,75,000 |
General Expenses |
32,500 |
|
Works Manager's |
Sales tor the year |
e. so ,ooo | |
|
Salary |
30.000i |
, Gelling expenses |
950 |
|
Factory omployee's |
1 | ||
|
Salary |
6O.OOO1 | ||
|
Factory rent. | |||
|
raies |
7.550 | ||
(a) Calculate P/V ratio from the following
data : 4
2002 2003
(R6.) [Rs.}
Sales f. 50.000 1,70.000
Profit 20,000 25,000
(b) From the following particulars. calculate (i> P/V ratio* (ii) B.EP. (sales), (iii) Selling price per unit when B.E.R is brought down to 25,000 units. 6
IWL
Fixed Expenses 1150,000
Variable cost per unit 10
Selling price ,per unit 15
discuss .he fiotcs whlCh influence ih. choice Of Depreciation method.
5+5
1
)
I
MCC 104 _
6 C
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Attachment: |
| Earning: Approval pending. |
