Download PTU ( I.K.Gujral Punjab Technical University (IKGPTU)) The Bachelor of Business Administration (BBA) 2020 December 3rd Sem 76657 Cost And Management Accounting Previous Question Paper
Roll No.
Total No. of Pages : 03
Total No. of Questions : 18
BBA (2018 Batch) (Sem.?3)
COST & MANAGEMENT ACCOUNTING
Subject Code : BBA303-18
M.Code : 76657
Time : 3 Hrs. Max. Marks : 60
INST RUCT IONS T O CANDIDAT ES :
1 .
SECT ION-A is COMPULSORY cons is ting of TEN questions carrying TWO marks
each.
2 .
SECT ION-B cons ists of F OUR Sub-sec tions : Un its-I, II, III & IV.
3 .
Eac h Sub-section contains TWO questions each , carry in g T EN ma rks e ach .
4 .
Students have to atte mpt an y ONE ques tion from each Sub-section.
SECTION-A
Write briefly :
Q1. What are the advantages of Management Accounting?
Q2. Define Ratio Analysis.
Q3. What is Variance Analysis?
Q4. Define Budget.
Q5. Write two examples of Indirect Expenses.
Q6. Cost of goods sold is Rs. 1,20,000; Sales is Rs 2,10,000. Calculate gross profit ratio.
Q7. Define Standard Cost.
Q8. Define Key Factor.
Q9. Define Fixed and Variable Cost.
Q10. List the objectives of cost accounting.
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SECTION-B
UNIT-I
Q11. State the difference between cost and management accounting.
Q12. You are given the following extracts from financial statements of XYZ company as on
31-3-2018 :
Balance Sheet :
Liabilities
Amt.
Assets
Amt.
Share capital
3,00,000 Building
1,50,000
Sundry creditors
48,000 Machinery
85,000
Bills Payable
10,000 Stock
50,000
Bank Overdraft
5,000 Debtors
59,000
Outstanding expenses
2,000 Prepaid expenses
1,000
Cash
4,000
Short term investments
16,000
3,65,000
3,65,000
You are required to calculate liquidity and comment on :
i. Current ratio
ii. Liquid ratio
iii. Absolute Liquid ratio
UNIT-II
Q13. From the following balance sheet B Ltd. for the year ending 31st December 2018 and
2019, prepare comparative Balance Sheet.
Liabilities
31st Dec
31st Dec
Assets
31st Dec
31st Dec
2018
2019
2018
2019
Equity Share Capital
3,00,000
4,00,000 Goodwill
60,000
55,000
6 % Redeemable
80,000
50,000 Land & Building
1,25,000
85,000
Preference capital
Capital Reserve
20,000 Plant & Machinery
1,20,000
2,25,000
General Reserve
30,000
40,000 Furniture
15,000
12,000
Profit and Loss A/c
26,000
35,000 Trade Investment
12,000
48,000
Sundry Creditors
30,000
58,000 Sundry Debtors
65,000
1,05,000
Bills Payable
12,000
8,000 Stock
90,000
84,000
Outstanding Expenses
6,000
5,000 Bills Receivable
16,000
30,000
Proposed Dividend
30,000
42,000 Cash in hand
13,000
20,000
Provision for Taxation
32,000
36,000 Cash at Bank
15,000
20,000
Preliminary Expenses
15,000
10,000
5,46,000
6,94,000
5,46,000
6,94,000
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Q14. Explain the Standard Costing and Variance Analysis. Also discuss its advantages and
limitations.
UNIT-III
Q15. What is Zero Based Budgeting? State its advantages and limitations.
Q16. Prepare a flexible budget for production for 80% and 100% activity on basis of following
information :
Production at 50% capacity
5000 units
Raw materials
Rs. 80 per unit
Direct labour
Rs. 50 per unit
Direct Expenses
Rs. 15 per unit
Factory expenses
Rs. 50,000 (50% fixed)
Administration expenses
Rs. 60,000 (60% fixed)
UNIT-IV
Q17. What is Marginal Costing? Explain the practical application of marginal costing with
examples.
Q18. The following data is given :
Fixed cost
Rs. 12,000
Selling price
Rs. 12 per unit
Variable cost
Rs. 9 per unit
Calculate profit and contribution, also find out :
a) What will be the profit when sales are :
i) Rs. 60,000
ii) Rs. 1,00,000
b) What will be the amount of sales if it is desired to earn a profit of :
i) Rs. 6,000
ii) Rs. 15,000
NOTE : Disclosure of Identity by writing Mobile No. or Making of passing request on any
page of Answer Sheet will lead to UMC against the Student.
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This post was last modified on 15 February 2021