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

FirstRanker.com

Department of Commerce

Course: B Com Group: Computers Semester: V

--- Content provided by​ FirstRanker.com ---

Subject: Cost Accounting

UNIT-I

Theory questions:

1. Define cost accounting? Write its advantages and limitations.
2. Objectives, Scope and functions of cost accounting.

--- Content provided by​ FirstRanker.com ---

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.

--- Content provided by⁠ FirstRanker.com ---

UNIT -II

Theory questions:

1. Difference between direct and indirect material.
2. Objectives of material control.
3. Methods of valuing material issues.

--- Content provided by‌ FirstRanker.com ---

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.

--- Content provided by​ FirstRanker.com ---

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.

--- Content provided by‌ FirstRanker.com ---

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.

Define the following words.

--- Content provided by​ FirstRanker.com ---

1. Retention money.
2. Work - in - progress
3. Escalation clause.
4. Normal loss and abnormal loss.
5. Cost plus profit.

--- Content provided by​ FirstRanker.com ---

Problems:

FirstRanker.com

UNIT-V

UNIT II

Page no Problem numbers

--- Content provided by⁠ FirstRanker.com ---

B16 1,2,3

B20 1,2,3,4,5

B25to B 30 12 to 26

UNIT 1l

C10TOC11 1,2,3,4,5,6

--- Content provided by FirstRanker.com ---

C11TO C16 1,2,3,4,7,9,12,17,18,19,20

D4 TO D8 ILLUSTRATION 1,2

D8 TO D11 1TO 11

D13 TODD18 4,6,7,8,9TO 18

UNIT IV

--- Content provided by FirstRanker.com ---

E4TO E9 ILLUSTRATION 1,2,3

E9 TO E11 1TO 10

E11 TOE21 4T0O 25

F6 TO F8 ALL PROBLEMS

UNIT.V

--- Content provided by​ FirstRanker.com ---

G8TO G20 ALLPROBLEMS

H3 ILLUSTRATION 1

H6 1,2,3,4,5

H7TO H16 2,6,7,8,9,10,11,12,14,17,18,20

--- Content provided by FirstRanker.com ---