Download OU B.Com 5th Sem Cost Accounting Important Questions

Download OU (Osmania University) B.com (Bachelor of Commerce) 5th Sem Cost Accounting Important Question Bank For 2021 Exam

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Department of Commerce
Course: B Com
Group: Computers
Semester: V
Subject: Cost Accounting
UNIT-I
Theory questions:
1. Define cost accounting? Write its advantages and limitations.
2. Objectives, Scope and functions of cost accounting.
3. Difference between cost accounting and financial accounting.
4. Classification of cost
5. Methods and Techniques of costing.
6. Practical difficulties in installing a costing system.
7. Write Characteristics of cost accounting.
UNIT ?II
Theory questions:
1. Difference between direct and indirect material.
2. Objectives of material control.
3. Methods of valuing material issues.
4. Difference between Bin card and Stores Ledger.
5. Economic order quantity.
6. ABC Analysis.
7. Reorder Level and Reorder Quantity.
8. Minimum and Maximum stock Level.
UNIT- III
1. Difference between direct and indirect labour.
2. Define overhead? Difference between fixed and variable overheads.
3. Define the words Allocation, Apportionment and Absorption.
4. Merits and demerits of time wage and piece wage system.
5. What is labour Turnover. Write its Causes.
UNIT-IV
1. What is job costing? Objectives, merits and demerits of job costing.
2. Difference between job costing and contract costing.

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UNIT-V
Define the following words.
1. Retention money.
2. Work - in - progress
3. Escalation clause.
4. Normal loss and abnormal loss.
5. Cost plus profit.
UNIT II
Problems:
Page no
Problem numbers
B16
1,2, 3
B20
1,2,3,4,5
B25 to B 30
12 to 26
UNIT III
C10 TOC11
1,2,3,4,5,6
C11 TO C16
1,2,3,4,7,9,12,17,18,19,20
D4 TO D8
ILLUSTRATION 1,2
D8 TO D11
1 TO 11
D13 TO DD18 4,6,7,8,9TO 18
UNIT IV
E4 TO E9
ILLUSTRATION 1,2,3
E9 TO E11
1 TO 10
E11 TOE21
4 TO 25
F6 TO F8
ALL PROBLEMS
UNIT V
G8 TO G20
ALL PROBLEMS
H3
ILLUSTRATION 1
H6
1,2,3,4, 5
H7TO H16
2,6,7,8,9,10,11,12,14,17,18,20
.

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