Cost Accounting Important Questions
B.Com 4th Sem CBCS Pattern
Dibrugarh University
Unit – 1: Basic Concept of Cost
Accounting (Part A) and Cost Sheet (Part B)
(These Questions are subject to modification, if necesary. Download DTS Application for complete notes)
Q. What are the advantages and limitations of cost accounting? 2019
Q. “Cost accounting is an essential tool to the
Management” –Comment. 2011,
2012
Q. Distinguish and also mention the relationship
between
Ø Cost accounting and Financial accounting 2013SN,2016SN, 2018SN
Ø Cost accounting and Management Accounting
Q. Explain the role and functions of cost
accountant.
Q. Explain the purposes of classification of costs. Distinguish between direct cost and indirect cost. 2022, 2023
Q. Write
Short notes on:
Ø Cost sheet or Statement of Cost 2017SN
Ø 4 Methods of Cost accounting
Ø 4 Techniques of Cost accounting 2019SN
Ø Characteristics of an Ideal Costing System
Or
Unit 1: Part B (Practical)
Practical
Problems:
a)
Cost sheet focusing on valuation of stock of finished goods, keep in mind
expenses ignored in cost accounts, preparation of cost sheet from financial
records (refer unit 4 – Reconciliation), profit percentages given on cost price
or sale price. Every
year
b) Follow 28 solved questions uploaded on my blog
c) Follow examples of BASU AND DAS COST ACCOUNTING BOOK.
Unit – 2: Material Control – Purchase and Issue (Part A)
(These Questions are subject to modification, if necesary. Download DTS Application for complete notes)
Q. What are
various techniques of Inventory Control? Explain them in detail. 2015SN, 2018
Q. Explain in brief the process of purchasing and receiving goods.
Q. Write
Short notes on:
Ø EOQ and its calculation 2010,
2015
Ø ABC analysis differs from VED analysis 2013, 2014, 2016SN, 2019SN
Ø Perpetual (2018SN) and Periodical Inventory System
Ø Materials Losses, Scraps, Defectives and Spoilage
Q.
Practical Questions:
a) Calculation of EOQ with offer comparison, 2012
b) Various levels of material – Reorder level, maximum level, minimum
stock level. 2014
c) Pricing of material issue – LIFO, FIFO, Weighted average and
Simple average (focus of return and loss of goods). 2019
Unit – 2: Labour cost – Computation and Control (Part B)
(These Questions are subject to modification, if necesary. Download DTS Application for complete notes)
Q. What is Direct and indirect labour cost? Distinguish between them.
Q. What are
various methods of wage payment? Explain them briefly. 2010
Q. Write
short notes on:
Ø Labour Turnover, its causes and
Control Measure 2013,
2014, 2017SN, 2018SN
Ø Time and motion study 2014SN
Ø Job Evaluation and merit rating
Ø Idle time and overtime 2015SN
Ø Remuneration and Incentives with their difference 2015SN
Ø Time keeping, Merit Rating (2014) and time booking
Q.
Practical Problems:
Rowan
and Halsey premium plan, straight piece rate and Taylor’s differential piece
rate method, treatment of overtime and labour turnover. Follow practical
problems given in Jain and Narang’s Book. 2012, 2013, 2014, 2015, 2016, 2017,
2018, 2019
Unit 3: Part A (Overheads – Theory)
(These Questions are subject to modification, if necesary. Download DTS Application for complete notes)
Q. Explain various methods for absorption of overheads. 2016,2017
Q. Explain the treatment of some specific overheads in cost accounting.
Unit 3: Part B (Overheads – Practical)
Q. Practical
Problems:
Ø Machine hour Rate 2013, 2015, 2016, 2017, 2018
Ø Primary and secondary distribution of
overheads from production department to service department. 2014, 2019
Unit – 4: job, Contract and Process Costing
(These Questions are subject to modification, if necesary. Download DTS Application for complete notes)
Q. Explain the features, advantages and disadvantages of job costing.
Q. What
is process costing? What are the fundamental principles of
Process Costing? Point out the advantages and limitations of Process costing. 2019
-
Preparation of process accounts together with normal, abnormal loss and
abnormal gain account, preparation of profit and loss account and costing
profit and loss account, treatment of process finished stock and stock of raw
material in process accounts. Follow examples of BASU AND DAS COST ACCOUNTING
BOOK. 2013, 2016, 2018
-
Preparation of contract account (Question bank given in Mobile application)
Unit 5:
Part A: Non-integrated
and Integrated Accounts System
Part B (Reconciliation Statement –
Theory or Practical)
(These Questions are subject to modification, if necesary. Download DTS Application for complete notes)
Q.
Practical Problems: Preparation of reconciliation statement together with
profit and loss account and cost sheet. Follow examples of BASU AND DAS COST
ACCOUNTING BOOK. 2012, 2015, 2017, 2019, 2022
Post a Comment
Kindly give your valuable feedback to improve this website.