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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
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(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
- What is Budgeting? Explain different kinds of budget.
- Define cost accounting. Explain the classification of cost.
- 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.
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SHORT ESSAYS (Answer any Eight) 8 x 5 = 40 Marks
- Explain the scope and use of Cost Accounting.
- What are the limitations of Ratio analysis?
- What is management accounting? Explain the role of management accounting.
- Write a note on variance analysis.
- Explain the classification of overheads.
- Briefly explain the inventory control techniques.
- Differentiate between cost accounting and financial accounting.
- 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--- Content provided by FirstRanker.com ---
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--- Content provided by FirstRanker.com ---
Dec 14 received from the production department to stores 150 units.
Stock verification on 18th Dec revealed a shortage of 100 units and on 30th Dec showed an excess of 50 units. - A company has three production departments and two service departments. For a month, the departmental distribution summary has the following totals:
The expense of the service departments is charged out on a percentage basis as under:A Rs. B Rs. C Rs. Production department 800 700 500 Service department 234 300
You are required to show the apportionment under repeated distribution method.Production departments Service departments A B C A B A 20% 40% 30% 10% B 40% 20% 20% 20% - During the year 2014 Sparsh Pvt Ltd earned a profit of Rs.3,20,000 after adjusting the following:
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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--- Content provided by FirstRanker.com ---
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--- Content provided by FirstRanker.com ---
Calculate funds from operation.
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SHORT ANSWERS (Answer any ten) 10 x 2 = 20 Marks
- What is cost centre?
- What is meant by Labour turnover?
- What is meant by idle time?
- What is meant by fringe benefits?
- What is meant by contract costing?
- What is meant by marginal costing?
- What is meant by fund flow analysis?
- What do you mean by capital budgeting?
- What is meant by financial risk?
- Give the meaning of financial accounting.
- What do you mean by Net Present Value?
- What do you mean by Ratio Analysis?
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This download link is referred from the post: RGUHS BHA Last 10 Years 2012-2022 Question Papers || Rajiv Gandhi University of Health Sciences
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