Punjab Technical University 2007 B.B.A COST ACCOUNTING - Question Paper

Roll No. ......................
Total No. of ques. : 13] [Total No. of Pages : 02
Paper ID [B0113]
(Please fill this Paper ID in OMR Sheet)
BBA (302)(Old/S05) (Sem. - 3rd)

COST ACCOUNTING
Time : 03 Hours Maximum Marks : 75
Instruction to Candidates:
1) part -A is Compulsory.
2) Attempt any 9 ques. from part - B.

part - A
(15 × two = 30)
Q1)
a) describe period cost.
b) discuss the meaning of cost accounting.
c) Distinguish ranging from direct and indirect cost.
d) discuss Contribution.
e) How does cost volume, profit analysis is helpful in cost control.
f) How margin of safety can be improved?
g) What do you mean by relevant cost?
h) State the cost data needed for determining the profitability of different
products.
i) discuss different conditions of Depression.
j) What is out of pocket cost?
k) elaborate the limitations of standard costing?
l) Distinguished ranging from standard cost and estimated cost.
m) Briefly discuss labour variance.
n) discuss the need for reconciliation ranging from budgeted profit and true
profit.
o) Prepare the Performa for cost sheet.
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part - B

(9 × five = 45)
Q2) What is meant by classification of overheads and why it should be attempted?
Q3) Cost quantity profit analysis is mainly used in guiding decisions yet to be
made. discuss the statement by giving examples.
Q4) discuss the meaning and uses of P/V ratio.
Q5) The sales turnover and profit during 2 year were as follows.
Year Sales Profit
2005 150000 20000
2006 170000 25000
You are needed to compute
(a) Fixed cost
(b) Break even point
Q6) A machine manufactures 10000 units of a part at a total cost of Rs. 21 out
of which Rs. 18 is variable. This part is readily available in market at
Rs. 19 per unit. If the part is purchased from market then the machine can
be utilized to manufacture a component in identical volume contributing
Rs. two per component or it can be hired at Rs. 21000. Recommend which
option is profitable.
Q7) discuss conditions of depression.
Q8) discuss different cost concepts in decision making.
Q9) Distinguish ranging from relevant and irrelevant cost.
Q10) discuss briefly the significance of standard costing as a technique of cost
control.
Q11) provided that the cost standards for material consumption are 40Kg at
Rs.10 per Kg. calculate the variances when true are 48 Kg at Rs. 12 per
Kg.
Q12) Prepare cost sheet with the help of imaginary figures.
Q13) elaborate the main advantages of preparing cost sheet?
b b b b
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Earning:   Approval pending.