Cost And Management Accounting 2017 Question Paper [Gauhati University BCom 4th Sem]

In this post, we have shared the Gauhati University Cost and Management Accounting Question Paper 2017 (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 2017 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 2017

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:                                   1x6=6

a)  Fixed cost does not change in the same proportion in which output changes. (Write True or False)

b)  LIFO method of pricing issue is useful during period of inflation. (Write True or False)

c)   Abnormal idle time cost of factory should be charged to production overhead. (Write True or False)

d)  The rate of change in the composition of labour force in the organisation is called _____. (Fill in the blank)

e)  When the actual cost incurred is less than the standard cost, the variance is known as _____. (Fill in the blank)

f)   The most of advantages buying quantity/pattern to adopt is determined by computing the:

1)  Re-order level.

2)  Optimum stock level.

3)  EOQ.

4)  Lead time.

             (Choose the correct answer)

2. Answer the following questions:                     2x2=4

a)  What is Cost Sheet?

b)  Write any two differences between Bin-Card and Stores Ledger.

3. Answer any two questions from the following:

a)  What are the different methods of payment of remuneration to labourers? Briefly explain any one of them.       5

b)  Write the basis of apportionment of the following overheads:                       5

1)  Factory rent.

2)  Electricity bill for light.

3)  Depreciation of machinery

4)  Electric power bill.

5)  Supervision expenses

6)  Stores overhead.

7)  Canteen expenses.

8)  Repair and maintenance.

9)  Building’s depreciation.

10)   Hospital expenses.

c)   What is Economic order quantity? Calculate EOQ from the following information:  2+3=5

Monthly consumption of raw materials Cost of placing an ordering Cost of material Carrying cost

250 units Rs. 30 per order. Rs. 5 per unit 10% of the material cost

4. Answer the following questions:                 10x2=20

(a) Explain costing as an aid to management.

Or

Calculate the material price variance, material usage variance, material mix variance and material cost variance from the following data:

Consumption per 100 units of product

Material	Standard	Actual
A B	40 units @ Rs. 50 per unit 60 units @ Rs. 40 per unit	50 units @ Rs. 50 per unit 60 units @ Rs. 45 per unit

(b) Explain purchasing procedure of material.

Or

A Ltd. has four departments. The following are the expenses for a period of 3 months:

	Rs.
Rent Repairs Depreciation Light Supervision Insurance of Plant Employees Insurance Power	1,000 600 450 100 1,500 500 150 900

Departments Area (sq. ft.) 75 Total wages (in Rs.) No. of workers Value of plants (in Rs.)

A 55 4,000 12 12,000

B 45 3,000 8 9,000

C 25 2,000 6 6,000

D 1,000 4 3,000

Prepare a statement showing the appropriation of costs to the various departments.

GROUP – B

MANAGEMENT ACCOUNTING

Marks: 40

5. Answer the following questions as directed:                      1x6=6

a)  Management Accounting deals with the presentation of information in such a way so as to assist management. (Write True or False)

b)  A budget prepared in a manner so as to give the budgeted cost for various levels of activity is known as _____. (Fill in the blank)

c)   In an undertaking with high fixed cost, break-even point can be attained at a lower level activity. (Write True or False)

d)  Flow of funds means increase or decrease in working capital. (Write true or false)

e)  Issue of capital will mean _____ in working capital. (Fill in the blank)

f)   Two elements of current ratio are current assets and _____ (Fill in the blank)

6. Answer the following questions:         2x2=4

a)  What is the significance of current ratio?

b)  What are the limitations of financial statements?

7. Answer any two from the following questions:

a)  What is flexible budget?                   5

b)  What is a solvency ratio? Calculate solvency ratio if the total liabilities to outsiders are Rs. 2,00,000 and total assets are Rs. 6,00,000.              3+2=5

c)   What are the various types of financial statements? Explain any one of them.                        5

8. Answer the following questions:                  10x2=20

a)  Explain the scope and objectives of Management Accounting in brief.

Or

             From the following data, you are required to calculate:

1)  P/V ratio.

2)  Break-even sales.

3)  Sales required to earn a profit of Rs. 4,50,000.

4)  Break-even point in units.

5)  What should be the selling price per unit, if the break-even point is reduced to 5,000 units?

Given:

Fixed cost Variable cost per unit: Direct material Direct labour Direct expenses Selling price

Rs. 1,00,000 Rs. 6 per unit Rs. 2 per unit Rs. 2 per unit Rs. 20 per unit

b)      What are the advantages and disadvantages of budgetary control?

Or

             With the following data for a 60% activity, prepare a Flexible Budget for production at 80% capacity:

Production at 60% capacity Materials Labour Direct expenses Factory overheads Administrative expenses

6,000 units Rs. 100 per unit Rs. 40 per unit Rs. 10 per unit Rs. 40,000 (60% variable) Rs. 30,000 (60% fixed)

-0000-

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