M.Com-M.Com Accountancy 2nd Year Paper - IV : Advanced Cost and Management Accounting (Acharya Nagarjuna University - Center for Distance Education, Guntur, Andhra Pradesh-2013)
(DCM 24)
M.Com. (Final) DEGREE EXAMINATION, DEC. - 2013
Second Year
A - ACCOUNTING
Paper - IV : Advanced Cost and Management Accounting
Time : 03 Hours Maximum Marks : 80
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SECTION-A
Answer any Five of the following
(5 × 4 = 20)
1) a) Scope of cost accounting.
b) Absorption cost.
c) Equivalent Production
d) Cost center
e) Material cost variance
f) Value analysis
g) Fixed budget
h) Special report
SECTION-B
Answer any Four of the following
(4 × 5 = 20)
2) What are the steps in the installation of cost accounting system?
3) State the merits of direct costing.
4) Explain the features of contract accounts.
5) Enumerate the preparation of budget.
6) Enumerate different kinds of cost records.
7) Explain the various kinds of sales variances.
8) State the approaches to product costing.
SECTION-C
Answer any Two of the following
(2 × 20 = 40)
9) Calculate labour variances:
Budgeted labour composition for producing 120 articles:
20 Men @ Rs. 1.25 per hour for 25 hours
30 Women @ Rs. 1.10 per hour for 30 hours
Actual labour composition for producing 120 articles:
25 Men @ Rs. 1.50 per hour for 24 hours
25 Women @ Rs. 1.20 per hour for 25 hours
10) A product passes through 3 processes to completion. 500 units are produced during the week ended 15 January 2009. The following information is given:
Process 1 Process 2 Process 3
Rs. Rs. Rs.
Direct material 3,500 1,600 1,500
Direct Labour 2,500 2,000 2,500
The Overhead expenses for the period were Rs. 1,400 allocated to the processes on the basis of wages. No work-in-progress or stocks existed at the beginning or at the end. Prepare Process Accounts.
11) Discuss the relationship between cost accounting and management accounting.
12) What are the essentials of a good report?
| Earning: Approval pending. |
