Download RGUHS (Rajiv Gandhi University of Health Sciences) BHA (Bachelors in Hospital Administration) 2015 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 ? APRIL 2015
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.
What is Budgeting? Explain different kinds of budget.
2.
Define cost accounting. Explain the classification of cost.
3.
The following information are related to a Company:
Current assets - Rs.10,00,000; Opening stock ? Rs.1,00,000; Closing stock ? Rs.3,00,000; Cost
of goods sold ? Rs.24,00,000; Gross Profit ? Rs.4,00,000; Indirect expenses ? Rs.40,000; Equity
shares ? 14,00,000; 10% Preference share capital ? Rs.6,00,000; 12% Debentures ?
Rs.4,00,000; Current Liabilities ? Rs.4,00,000; General Reserve ? Rs.2,00,000.
You are required to find out: (a) Current Ratio (b) Quick Ratio (c) Stock Turnover Ratio (d) Debt-
Equity Ratio and (e) ROI.
SHORT ESSAYS (Answer any Eight)
8 x 5 = 40 Marks
4.
Explain the scope and use of Cost Accounting.
5.
What are the limitations of Ratio analysis?
6.
What is management accounting? Explain the role of management accounting.
7.
Write a note on variance analysis.
8.
Explain the classification of overheads.
9.
Briefly explain the inventory control techniques.
10. Differentiate between cost accounting and financial accounting.
11. Record the following transactions in the stores ledger under LIFO method.
2014
Dec 1 ? Opening balance ? 3,000 units @ Rs.2 per unit
Dec 3 ? Issued 1,500
Dec 4 ? Issued 1,000
Dec 10 ? Received 2,000 units @ Rs.1.9 per unit
Dec 16 ? Issued 650
Dec 20 ? Received 2,400 units @ Rs.2.2 per unit
Dec 24 ? Returned to supplier 200 units out of purchases of 20th Dec
Dec 26 ? Issued 3,800
Dec 14 received from the production department to stores 150 units.
Stock verification on 18th Dec revealed of 100 units and on 30th Dec showed an excess of 50
units.
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Rajiv Gandhi University of Health Sciences, Karnataka
12. A company has three production departments and two service departments. For a month, the
departmental distribution summary has the following totals:
A
B
C
Rs.
Rs.
Rs.
Production department
800
700
500
Service department
234
300
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The expense of the service departments is charged out on a percentage basis as under:
Service
Production departments
Service departments
departments
A
B
C
A
B
A
20%
40%
30%
-----
10%
B
40%
20%
20%
20%
-----
You are required to show the apportionment under repeated distribution method.
13. During the year 2014 Sparsh Pvt Ltd earned a profit of Rs.3,20,000 after adjusting the following:
Preliminary expenses written off ? Rs.10,000
Discount on debentures written off ? Rs.25,000
Depreciation written off ? Rs.15,000
Provision for bad debts ? Rs.2,000
Salaries ? Rs.9,000
Profit on sale of fixed assets ? Rs.13,000
Loss on sale of investments ? Rs.3,000
Proposed dividend ? Rs.51,000
Transfer to debenture redemption fund ? Rs.22,000
Dividend received ? Rs.5,000
Calculate funds from operation.
SHORT ANSWERS (Answer any ten)
10 x 2 = 20 Marks
14. What is cost centre?
15. What is meant by Labour turnover?
16. What is meant by idle time?
17. What is meant by fringe benefits?
18. What is meant by contract costing?
19. What is meant by marginal costing?
20. What is meant by fund flow analysis?
21. What do you mean by capital budgeting?
22. What is meant by financial risk?
23. Give the meaning of financial accounting.
24. What do you mean by Net Present Value?
25. What do you mean by Ratio Analysis?
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