Download JNTUA MBA 2019 June 3rd Sem 17E00304 Cost and Management Accounting Question Paper

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Code: 17E00304

Time: 3 hours

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MBA III Semester Supplementary Examinations May 2019

COST & MANAGEMENT ACCOUNTING

(For students admitted in 2017 only)

Max. Marks: 60

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All questions carry equal marks

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SECTION -A

(Answer the following: (05 X 10 = 50 Marks)

1. State the important types of classification of cost and discuss each of them in detail.

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   OR

2. What is a cost sheet? Explain the purposes served by it.

3. Write short notes on the following:

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   1. Periodic inventory system.
   2. Perpetual inventory system.

   OR

4. Describe the functions and responsibilities of the purchase department.

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5. What is labour turnover? How is it measured? What are its costs? How can they be reduced?

   OR

6. What are the essential features of a good wage system? Explain time rate system.

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7. Explain the significance, role and position of management accounting in a large organization.

   OR

8. Explain the distinction between financial accounting and management accounting.

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9. What are the various tools of analysis of financial statements? Critically examine each of them.

   OR

10. Explain in detail about comparative profit and loss account.

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SECTION -B

1. Case Study:

   (Compulsory question, 01 X 10 = 10 Marks)

   A worker takes 9 hrs to complete a job on daily wages and 6 hrs on a scheme of payment by results. His day rate is 75 paise an hour, the material cost of the product is Rs. 4 and the overheads are recovered at 150% of the total direct wages. Calculate the factory cost of the product under: (i) Piece work plan. (ii) Rowan plan. (iii) Halsey plan.

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