B.B.A. LL.B. (Five Years) Sem 3 Cost and Management Accounting 2012 Jun Question Paper - KSLU

Questions asked in this paper

UNIT - I

1. Q1 (a) For production of 10,000 electrical automatic irons the following are budgeted expenses.
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2. Q1 OR Distinguish between fixed and flexible budget.
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3. Q1 (b) Write a short note on : Explain any five functional budgets.
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4. Q1 OR A manufacturing company submits the following figures for the Ist quarter 2006.
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UNIT - II

1. Q2 (a) Define the term 'standard cost'. Distinguish between budgeted cost and standard cost.
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2. Q2 OR Explain at what level should the standards be set ?
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3. Q2 (b) Write a short note on : What are the advantages of standard costing ?
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4. Q2 OR Explain briefly the significance of standard costing as a technique of cost control.
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UNIT - III

1. Q3 (a) Gemini Chemical Industries provide the following information from their records
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2. Q3 OR Explain the term 'variance' and distinguish between controllable and uncontrollable variance.
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3. Q3 (b) Write a short note on : What do you mean by labour efficiency variance ? How it is calculated ?
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4. Q3 OR Explain overhead variances.
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UNIT - IV

1. Q4 (a) What you understand by 'inter-firm' comparison ? What are its advantages and limitations ?
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2. Q4 OR Explain the functions of cost auditor.
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3. Q4 (b) Write a short note on : Cost audit and Uniform costing.
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4. Q4 OR What are the functions of cost audit ?
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UNIT - V

1. Q5 (a) Explain : a) Management audit b) Efficiency audit.
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2. Q5 OR Distinguish between management and cost audit.
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3. Q5 (b) Write a short note on : Advantages of social audit.
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4. Q5 OR Limitations of management audit.
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Typed from the KSLU paper above. The paper is the original. Long reading passages are shortened here to their first and last lines and a summary.