BCom In Accounting & Finance (BCAF) Sem VI 2016 2017 April 2017 COST ACCOUNTING IV Question Paper - Mumbai University | munotes

Questions asked in this paper

• Please check whether you have got the right question paper
• 2. Figures to the right iindicate full marks,

1. Q3 Working notes should be part of your
2. Q4 Use of simple calculator is permitted
   • A) Match the following (Any-08) [Rewrite the sentence]
3. Q3 Profit - C) No stage
4. Q6 Marginal Cost
5. Q7 Master Budget “Remains unchanged irrespective of
6. Q8 Fixed Budget _ Level of capacity or Volume
7. Q10 . Always Urifavourable
   • B) State whether the following the sentence (Any 07) 07
8. Q1 Variable overhead variance is adifference between standard overheads and actual overheads
9. Q2 In make or buy decision only Marginal cost is relevant
10. Q3 P/V the relationship between contribution and sales
11. Q4 Budget is prepared for the future period
12. Q6 Excess of actual cost over standard cost is.a favourable variance
13. Q7 Decision to accéptor-reject export order depends on fixed cost only
14. Q8 Under cost is classified on thé basis of functions
15. Q9 A budget in terms only,
16. Q10 Variable Cost remains fixed irrespective of Level of Activity
17. Q2 The sales and profits of two as follows
    • b) Fixed Cost
    • d) the company wants to have a profit of Rs.15,000 what should be the level of sales?
    • e) Profit when sales are Rs.7,80,000
    • f) Revised BEP if Fixed Cost increase by 25%
    • Q.P. Code 202728 SS
18. Q2 three similar plants under the same management who want them to bé merged The following particulars are available You are required to ascertain
    • a) The capacity of the merged plant for breakeven
    • b) The profit or loss at 80% capacity of merged plant
    • c) The turnover from the merged plant.to give profit of Rs.30 lakhs
19. Q3 From the following information given prepare the budget for 80% level.of Level of activity Office and Administration profit is 20% on = 15 marks
20. Q3 following of a manufacturing compahy.for a year. Capacity At 50% Capacity Rs.”000” Variable expenses remain constant between 45% and 65% of capacity, increasing by 10 and 80% capacity and by 20% between 81% and 100% capacity Sales at-various Level are Rs.”000” 15 marks
    • Q.P. Code :02778 Perpare a flexible budget for the year and forecast the pratt at 50%, 75% and 100% of Capacity fram the following information about sales 15
    • b) Sales
21. Q4 the data given below compute ali Material variance 15 marks
22. Q5 A) State the steps involved in budgetary contro! system ?
23. Q3 what are the benefits of Standard Costing Os Write short notes (Any 3) 15 7 marks
    • a) Labour variance @) Decision making in marginal costing

Read from the scan above, so a character or two may differ. The scan is the original.