Cost And Management Accounting 2014 Question Paper [Gauhati University BCom 4th Sem]

In this post, we have shared the Gauhati University Cost and Management Accounting Question Paper 2014 (Non-CBCS). This question paper is highly beneficial for FYUGP NEP 4th Semester all Major students . It is particularly relevant for students pursuing Accountancy Major, Finance Major, HRM Major, and Marketing Management Major, as the syllabus for both Non-CBCS and NEP patterns is quite similar.

We strongly recommend studying this Gauhati University FYUGP NEP BCom 4th Sem Cost and Management Accounting question paper from 2014 thoroughly to enhance your preparation for the FYUGP NEP 4th Semester Honours Course. This previous year’s Non-CBCS question paper will be a valuable resource for all major courses under the FYUGP NEP 4th-semester syllabus.

Gauhati University Question Papers

Cost And Management Accounting 2014

Full Marks: 80

Time Allowed: 3 hours

GROUP – A

COST ACCOUNTING

Marks: 40

Answer either in English or Assamese

The figures in the margin indicate full marks for the questions

ANSWER ALL THE QUESTIONS AS DIRECTED

1. Answer the following as directed:                                   1x4=4

a)                  Cost audit report is addressed to the shareholders. (State whether the statement is true or false)

b)                  Prime cost + Factory overheads = _____. (Complete the blank space)

c)                   What is overhead rate?

d)                  What is standard hour?

2. Answer (any three) Questions of the following:        2x3=6

a)                  Give two examples of semi variable costs.

b)                  Give two causes of idle time.

c)                   Give two reasons for over and under absorption of overheads.

d)                  Give two cause of Material Usage Variance.

3. Write short notes on (any two) of the following:                      5x2=10

a)  Distinction between Cost-Audit & Financial Audit.

b)  Selling and Distribution Overhead.

c)   Incremental and decremental costs. 

4. Describe the objectives of cost accounting highlight the areas in which cost accounting can be treated as an aid to management.                                   10

Or

“One of the major objectives of a system of material control is to ensure that there is no over-stocking and under-stocking of materials.” Discuss.

5. Explain the principles and basis of allocation and apportionment of overheads. 10

Or

From the following information prepare a Cost Sheet for the period ended on 31st March, 2014:

Particulars	Amount in (Rs.)
Opening stock of raw material Purchase of raw material Closing stock of raw material Direct wages Direct expenses Factory overheads Office & administrative overhead Selling & distribution overhead Cost of opening stock of finished goods Cost of closing stock of finished goods	41,000 1,59,000 35,000 44,000 20,000 50% of direct wages 25% of work cost 40,000 40,000 20,000

Also calculated the volume of sales to earn a profit of Rs. 5,00,000.

GROUP – B

MANAGEMENT ACCOUNTING

Marks: 40

The figures in the margin indicate full marks for the questions.

6. Answer the following as directed:                                   1x4=4

a)                  The term management accounting was first used in the year. (Fill in the blank)

b)                  Vertical Analysis is also known as ‘Static Analysis’. (State whether the statement is true or false)

c)                   Contribution is the difference between the sales and the total cost of sales. (State whether the statement is true or false)

d)                  How Earnings per share (E.P.S.) is calculated?

7. Write short notes on (any three) of the following:                   2x3=6

a)                  Budget Manual.

b)                  Liquidity Ratio.

c)                   Margin of Safety.

d)                  Return on capital Employed.

8. Answer (any two) of the following:                 5x2=10

a)                  Nature of management accounting.

b)                  Purposes of performance budgeting.

c)                   Limitations of financial statement.

9. Explain in detail five leading tools and techniques used for analysis of Financial Statement.                  10

Or

Discuss the significance and computation of the following ratios.             2 ½ x 4=10

a)  Return on investment.

b)  Debt-Equity Ratio.

c)   Opening Profit Ratio.

d)  Stock Turnover Ratio.

10. From the following information find out:                                   4+4+2=10

a)  Sales at Break-Even point.

b)  P/V Ratio.

c)   Margin of Safety

-  Sales Rs. 2,60,000/- (at Rs. 20-per unit)

-  Fixed Cost Rs. 80,000/-

-  Variable Cost Rs. 10/-

Or

How is a Cash Flow Statement prepared as per Indian Accounting Standard? State the utility of preparing such a statement.                                     5+5=10

-000-

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