Download RGUHS (Rajiv Gandhi University of Health Sciences) BHA (Bachelors in Hospital Administration) 2020 August 6th Sem 1321 Cost And Management Accounting Previous Question Paper
VI semester Bachelors in Hospital Administration Degree Examination ? 24-Aug-2020
Time: Three Hours
Max. Marks: 80 Marks
Cost and Management Accounting
Q.P. CODE: 1321
(QP contains two pages)
Your answers should be specific to the questions asked.
Draw neat, labeled diagrams wherever necessary
LONG ESSAYS (Answer any Two)
2 x 10 = 20 Marks
1.
Explain Funds Flow Statement and Cash Flow Statement.
2.
What is meant by Ratio Analysis? Explain different kinds of ratios.
3.
Medical Aids Company manufactures a special product `A'. The following particulars were collected
for the year 2013.
? Monthly demand of A ? 1,000 units
? Cost of placing order ? Rs.100
? Annual carrying cost per unit ? Rs.15
? Normal usage ? 50 units per week
? Minimum usage ? 25 units per week
? Maximum usage ? 75 units per week
? Reorder period ? 4 to 6 weeks
Compute:
a) Reorder Quantity
b) Reorder Level
c) Maximum Level
d) Minimum Level
e) Average Stock Level
SHORT ESSAYS (Answer any Eight)
8 x 5 = 40 Marks
4.
What are the limitations of Management Accounting?
5.
Explain scope of Cost Accounting.
6.
What is Overhead? Explain different kinds of Overheads.
7.
Explain IRR.
8.
Explain absorption of Overhead.
9.
Explain different methods of remunerating labour.
10. What is Idle Time? Explain Accounting treatment of Idle Time.
11. From the following information, prepare Stores Ledger Account under FIFO method.
Jan 1: Opening stock 200 pieces at Rs.2 each
Jan 5: Purchases 100 pieces at Rs.2.20 per unit
Jan 10: Purchases 150 pieces at Rs.2.40 per unit
Jan 20: Purchases 180 pieces at Rs.2.50 per unit
Jan 2: Issues 150 pieces
Jan 7: Issues 100 pieces
Jan 12: Issues 100 pieces
Jan 28: Issues 200 pieces
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Rajiv Gandhi University of Health Sciences, Karnataka
12. The following are the summaries of the Balance Sheet of ABC Limited for two years.
Liabilities
2012
2013
Assets
2012
2013
Share capital
2,00,000
2,60,000 Goodwill
-----
1,16,000
Profit & loss account
39,690
41,220
Land & Building
1,13,450
1,16,200
Reserves
50,000
50,000
Plant & Machinery
1,48,000
1,44,250
Sundry Creditors
39,500
41,135
Stocks
1,11,040
97,370
Bills Payable
33,780
11,525
Sundry Debtors
85,175
72,625
Bank Overdraft
59,510
-----
Bills Receivable
2,315
735
Provision for Taxation
40,000
50,000
Cash
2,500
2,700
4,62,480 4,53,880
4,62,480
4,53,880
You are required to prepare a Statement of Changes on Working Capital.
13. The following Balance Sheet of Good Luck Company Limited was prepared on 31st December 2013.
Liabilities
Amount
Assets
Amount
Share Capital
2,30,000
Land and Building
3,00,000
General Reserve
1,00,000
Plant and Machinery
1,80,000
Debentures
2,20,000
Debtors
1,90,000
Profit and Loss Account
1,70,000
Cash in Hand
12,000
Creditors
1,30,000
Cash at Bank
1,88,000
Bills Payable
50,000
Preliminary Expenses
30,000
9,00,000
9,00,000
Sales during 2013 amounted to Rs.4,80,000. Calculate:
a) Fixed Assets Turnover Ratio
b) Working Capital Turnover Ratio
c) Capital Turnover Ratio
SHORT ANSWERS (Answer any ten)
10 x 2 = 20 Marks
14. What is Cost Accounting?
15 What is meant by Financial Statement Analysis?
16. What is meant by IRR?
17. What is meant by Budget?
18. What is meant by Time Keeping and Time Booking?
19. Write the formula for Gross Profit and Net Profit Ratio.
20. What is meant by Financial Risk?
21. What is meant by Fixed and Variable Cost?
22. What is Marginal Costing?
23. What is Prime Cost?
24. What is meant by Labour Cost?
25. What is meant by Absorption of Overheads?
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This post was last modified on 15 June 2021