Rajiv Gandhi University of Health Sciences, Karnataka
VI semester Bachelors in Hospital Administration Degree Examination - May 2016
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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.
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Draw neat, labeled diagrams wherever necessary
LONG ESSAYS (Answer any Two) 2 x 10 = 20 Marks
- Explain different kinds of tools and techniques of financial statement analysis.
- What is budget? Explain different kinds of budget.
- Pharma 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
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- Reorder quantity
- Reorder level
- Maximum level
- Minimum level
- Average stock level
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SHORT ESSAYS (Answer any Eight) 8 x 5 = 40 Marks
- What are the advantages of cost accounting?
- Explain marginal costing.
- Explain NPV.
- What is idle time? Explain accounting treatment of idle time.
- Explain funds flow statement.
- Explain absorption of overheads.
- Explain process costing.
- From the following particular prepare a cost statement:
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| Particulars | Amount |
|---|---|
| Stock: 01.01.2013: Raw materials | 30,500 |
| Finished goods | 20,400 |
| Stock: 31.01.2013: Raw materials | 48,500 |
| Finished goods | 10,000 |
| Purchase of Raw materials | 25,000 |
| Work in progress, 01.01.2013 | 8,000 |
| Work in progress, 31.01.2013 | 9,000 |
| Sales | 1,00,000 |
| Direct wages | 20,400 |
| Factory expenses | 10,500 |
| Office expenses | 5,400 |
| Selling expenses | 3,800 |
| Distribution expenses | 2,500 |
Rajiv Gandhi University of Health Sciences, Karnataka
- The following balance sheet of Mahindra manufacturing company limited as on 31st December 2013
| Liabilities | Amount | Assets | Amount |
|---|---|---|---|
| Equity capital | 50,000 | Plant and machinery | 92,000 |
| Profit and loss account | 12,000 | Stock | 24,000 |
| Debentures | 30,000 | Cash at bank | 4,560 |
| Sundry creditors | 46,800 | Prepaid insurance | 1,440 |
| Tax provision | 1,200 | ||
| 1,40,000 | 1,40,000 |
Calculate the following ratios:
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- Quick ratio
- Current ratio
- 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
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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
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Jan 28 - Issues 200 pieces
SHORT ANSWERS (Answer any ten) 10 x 2 = 20 Marks
- What is meant by cost?
- What is overhead?
- What is IRR?
- What is standard costing?
- What is fringe benefits?
- Name the methods of remunerating labour:
- What is meant by apportionment?
- Write the formula for inventory turnover ratio.
- What is meant by direct and indirect cost?
- What is sensitivity analysis?
- What is ratio analysis?
- What is master budget?
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