Download RGUHS (Rajiv Gandhi University of Health Sciences) BHA (Bachelors in Hospital Administration) 2016 May 6th Semester 1321 Cost And Management Accounting Previous Question Paper

Rajiv Gandhi University of Health Sciences, Karnataka
VI semester Bachelors in Hospital Administration Degree Examination ? May 2016
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 different kinds of tools and techniques of financial statement analysis.
2.
What is budget? Explain different kinds of budget.
3.
Pharma Company manufactures a special product `A', the following particulars were collected for
the year 2013.
a.
Monthly demand of A ? 1,000 units
b. Cost of placing order ? Rs.100
c.
Annual carrying cost per unit ? Rs.15
d. Normal usage ? 50 units per week
e.
Minimum usage ? 25 units per week
f.
Maximum usage ? 75 units per week
g. 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 advantages of cost accounting?
5.
Explain marginal costing.
6.
Explain NPV.
7.
What is idle time? Explain accounting treatment of idle time.
8.
Explain funds flow statement.
9.
Explain absorption of overheads.
10. Explain process costing.
11. From the following particular prepare a cost statement:
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
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Rajiv Gandhi University of Health Sciences, Karnataka
12. 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
Sundry creditors
18,000
Debentures
30,000
Stock
24,000
Sundry creditors
46,800
Cash at bank
4,560
Tax provision
1,200
Prepaid insurance
1,440
1,40,000
1,40,000
Calculate the following ratios:
a) Quick ratio
b) Current ratio
13. 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
SHORT ANSWERS (Answer any ten)
10 x 2 = 20 Marks
14. What is meant by cost?
15. What is overhead?
16. What is IRR?
17. What is standard costing?
18. What is fringe benefits?
19. Name the methods of remunerating labour.
20. What is meant by apportionment?
21. Write the formula for inventory turnover ratio.
22. What is meant by direct and indirect cost?
23. What is sensitivity analysis?
24. What is ratio analysis?
25. What is master budget?
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