B.B.A. LL.B. (Five Years) Sem 3 Cost and Management Accounting 2023 Mar Question Paper - KSLU

Questions asked in this paper

UNIT - I

1. Q1 (a) What is Budgetary Control ? Explain the advantages and disadvantages of Budgetary Control.
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2. Q1 OR A company at present operating at 80% capacity produces and sells 40,000 units. Below given are the expenses per unit.
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3. Q1 (b) Prepare a production budget for three months ending 31st March, 1989 for a factory producing four products on the basis of the following information.
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4. Q1 OR Write a note on Flexible Budget.
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UNIT - II

1. Q2 (a) What is standard costing ? Explain the difference between Budgetary control and standard costing.
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2. Q2 OR Explain the advantages and disadvantages of standard costing.
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3. Q2 (b) Differentiate between standard costs and estimated costs.
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4. Q2 OR Write a short note on Basic standards and Current standards.
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UNIT - III

1. Q3 (a) The standard cost of a chemical mixture is 8 tonnes of material 'A' at ₹ 40 per tonne, 12 tonnes of material 'B' at ₹ 60 per tonne and standard yield is 90% of input. Actual cost for period is as under :
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2. Q3 OR Explain the term "Variance Analysis". Write the major causes for Material cost variance, Material price variance, Labour efficiency variance, Material mix variance, Material usage variance.
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3. Q3 (b) Data relating to a job :
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4. Q3 OR Product 'A' requires 10 kg of material at the rate of ₹ 4 per kg. The actual consumption of material for the manufacturing of Product 'A' came to 12 kg of material at the rate of ₹ 4.50 per kg.
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UNIT - IV

1. Q4 (a) What is Cost Audit ? Explain the different types of cost audit.
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2. Q4 OR What is uniform costing ? Explain the advantages and disadvantages of uniform costing.
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3. Q4 (b) What are the requisites of Inter-firm comparison system ?
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4. Q4 OR What are the rights of a Cost Auditor ?
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UNIT - V

1. Q5 (a) Explain the objectives, advantages and limitations of management audit.
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2. Q5 OR Explain the process of Social Audit.
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3. Q5 (b) Importance of management audit.
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4. Q5 OR Short note on social 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.