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Rajiv Gandhi University of Health Sciences, Karnataka
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VI semester Bachelors in Hospital Administration Degree Examination - MAY 2017Time: Three Hours Max. Marks: 80 Marks
Cost and Management Accounting
Q.P. CODE: 1321
(QP contains Two pages)
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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
- What is an overhead? Explain the methods of overheads.
- From the following information prepare a stores ledger account under FIFO method Jan 1 - Opening balance, 500 units @ Rs.25 per unit Jan 3 - Issue 70 units Jan 4 - Issue 100 units Jan 8 - Issue 80 units Jan 13 - Received from supplier, 200 units @ Rs.24.50 per unit Jan 14 - Returned to store, 15 units @ Rs.24 per unit Jan 16 - Issue, 180 units Jan 20 - Received from supplier, 240 units @ 24.75 per unit Jan 24 - Issue, 304 units Jan 25 - Received from supplier, 320 units @ Rs.24.50 per unit Jan 26 - Issue, 112 units Jan 27 - Returned to store, 12 units @ Rs.24.50 per unit Jan 31 - Received from supplier, 100 units @ Rs.25 per unit
- What is cost centre? Explain scope and use of cost accounting.
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SHORT ESSAYS (Answer any Eight) 8 x 5 = 40 Marks
- Explain briefly the remuneration methods.
- Describe the different methods of Pricing Material issues.
- Explain briefly meaning, importance and limitation of ratio analysis.
- Explain the different elements of costs.
- From the following data, calculate the:
a) Break-even point expressed in terms of sale amount/revenue.
b) Number of units that must be sold to earn a profit of Rs.60,000 per year.
Sales price (per unit) Rs.20--- Content provided by FirstRanker.com ---
Variable manufacturing cost per unit 11
Variable selling cost per unit 3
Fixed factory overheads (per year) 5,40,000
Fixed selling costs (per year) 2,52,000 - Give the formula for each of the following:
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(a) Current ratio (b) Stock turnover ratio (c) Debt-equity ratio (d) Net profit ratio (g) Gross profit ratio. - What is cost? Explain briefly the classification of costs.
- What are the techniques used for separating of fixed and variable costs allocation and apportionment of overheads?
- Write a note on Service costing.
- What is cost accounting and financial accounting? List-out the difference between cost and financial accounting.
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SHORT ANSWERS (Answer any ten) 10 x 2 = 20 Marks
- What is fund flow analysis?
- What is cash flow analysis?
- What is ratio analysis?
- What is cost variance analysis?
- What is index method?
- What is meant by overtime?
- Why risk analysis in project decisions is important?
- What are the steps in accounting of overheads?
- What is Financial Statement Analysis?
- What is difference between wastage and scrap spoilage?
- What is difference between marginal costing and standard costing?
- What is fringe benefit?
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