Download PTU BBA 2020 March 3rd Sem 76657 Cost And Management Accounting Question Paper

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Roll No. _________________________ Total No. of Pages : 02

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Total No. of Questions : 09

BBA (2018 Batch) (Sem.-3)

COST & MANAGEMENT ACCOUNTING

Subject Code: BBA303-18

M.Code: 76657

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Time: 3 Hrs. Max. Marks : 60

INSTRUCTIONS TO CANDIDATES :

1. SECTION-A is COMPULSORY consisting of TEN questions carrying TWO marks each.
2. SECTIONS-B consists of FOUR Sub-sections : Units-I, II, III & IV.
3. Each Sub-section contains TWO questions each, carrying TEN marks each.

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4. Student has to attempt any ONE question from each Sub-section.

SECTION-A

1. Write short note on the following:
   1. Explain three merits of management accounting.
   2. What is margin of safety?
   3. Discuss the significance of liquidity ratio.

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   4. Define Contribution.
   5. Discuss in detail benefits of ideal costing system.
   6. Define Material Cost Variance.
   7. How will you calculate profit volume ratio?
   8. What do you mean by current ratio?

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   9. How will you calculate P/V ratio?
   10. Define Imputed Cost.

SECTION-B

UNIT-I

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2. Define Management Accounting. Discuss in detail objectives of cost accounting. Explain difference between management accounting and cost accounting.
3. What is the purpose of ratio analysis? Explain with the help of example activity, current and growth ratios.

UNIT-II

4. The following data is obtained from the books of manufacturing concern:

During a week, 2 hour were lost due to power failure and work was actually done for 40 hours. Calculate labour mix variance and idle time variance.

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UNIT-III

5. Define financial statement analysis. Discuss in detail methods and types of financial analysis.
6. Define the concept of budgetary control. Discuss in detail objectives of budgetary control and essentials of an effective budgetary control system. How to prepare sales budget explain with the help of example. Describe the advantages and disadvantages of budgetary control.
7. Discuss in detail zero base budgeting and material budget.

UNIT-IV

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8. What do you mean by marginal costing? Explain with the help of example managerial applications of marginal costing.
9. Discuss in detail advantages and uses of CVP analysis with the help of example.

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.