Download PTU M.Com 2020 March 2nd Sem 75932 Management And Cost Accounting Question Paper

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Roll No. [T TTTTTT] [ ] Total No. of Pages : 02
Total No. of Questions : 17

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M.Com. (2018 Batch) (Sem.-2)
MANAGEMENT AND COST ACCOUNTING
Subject Code : MCOP-202-18
M.Code : 75932
Time : 3 Hrs. Max. Marks : 60

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INSTRUCTIONS TO CANDIDATES :

1. SECTION-A contains EIGHT questions carrying TWO marks each and students have to attempt ALL questions.
2. SECTION-B consists of FOUR Subsections : Units-I, Il, Ill & IV. Each Subsection contains TWO questions each carrying EIGHT marks each and student has to attempt any ONE question from each Subsection.
3. SECTION-C is COMPULSORY and consist of ONE Case Study carrying TWELVE marks.

SECTION-A

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Werite short notes on the following :

1. Indirect Material
2. Investment Activity
3. Abnormal Loss
4. Variable Cost

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5. Job Costing
6. Debtor Turnover Ratio
7. Direct Expenses
8. Contract Costing

SECTION-B

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UNIT-1

1. Calculate Economic Order Quantity from the following data :
   Annual Demand 2,400 Units
   Ordering Cost per order Rs. 100
   Annual carrying cost per unit Rs. 12

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2. Define the following :
   a) Apportionment of overhead
   b) Variable overhead

UNIT-II

1. Given the following, Calculate profit volume ratio and profit when sales are 20,000 :
   

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   a) Fixed cost Rs.4,000
   b) Breakeven point Rs. 10,000
2. What is budgetary control? State the main objectives of budgetary control. What are the main steps in budgetary control?

UNIT-III

1. “Management accounting is a decision making process”'. Elaborate.

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2. Define Cost accounting. Discuss briefly its important objective in a business firm.

UNIT-IV

1. What do you mean by the liquidity of a firm? How can the liquidity of a firm be assessed?
2. Define the following :
   a) Fund Flow Statement
   

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   b) Interest Coverage Turnover Ratio

SECTION-C

Case Study :

There is general recession-in the country which is considered to be a temporary nature and the company, intwhich you are employed as a Cost Accountant, does not want to retrench personnel:-An order is available for a product at a selling price which evidently is below the cost of production.

Question :

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What advice would you give to the management regarding this, and why?

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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