Roll No.
Total No. of Pages : 03
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Total No. of Questions: 18
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 :
- SECTION-A is COMPULSORY consisting of TEN questions carrying TWO marks each.
- SECTION-B consists of FOUR Sub-sections: Units-I, II, III & IV.
- Each Sub-section contains TWO questions each, carrying TEN marks each.
- Students have to attempt any ONE question from each Sub-section.
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SECTION-A
Write briefly :
Q1. What are the advantages of Management Accounting?
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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.
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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:
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| 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 :
- Current ratio
- Liquid ratio
- Absolute Liquid ratio
UNIT-II
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Q13. From the following balance sheet B Ltd. for the year ending 31st December 2018 and 2019, prepare comparative Balance Sheet.
| Liabilities | 31st Dec 2018 | 31st Dec 2019 | Assets | 31st Dec 2018 | 31st Dec 2019 |
|---|---|---|---|---|---|
| Equity Share Capital | 3,00,000 | 4,00,000 | Goodwill | 60,000 | 55,000 |
| 6% Redeemable Preference capital | 80,000 | 50,000 | Land & Building | 1,25,000 | 85,000 |
| 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 |
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.
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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)
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UNIT-IV
Q17. What is Marginal Costing? Explain the practical application of marginal costing with examples.
Q18. The following data is given :
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- 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 :
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- Rs. 60,000
- Rs. 1,00,000
b) What will be the amount of sales if it is desired to earn a profit of :
- Rs. 6,000
- Rs. 15,000
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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.
This download link is referred from the post: PTU BBA 3rd Semester Last 10 Years 2011-2021 Previous Question Papers|| Punjab Technical University
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