Download JNTUA MBA 3rd Sem Supple 2015 Dec 12E01303 Cost and Management Accounting Question Paper

Download JNTUA (JNTU Anantapur) MBA (Master of Business Administration) 3rd Sem Supple 2015 Dec 12E01303 Cost and Management Accounting Previous Question Paper

Code: 12E01303
MBA (Finance) III Semester Supplementary Examinations July 2015
COST & MANAGEMENT ACCOUNTING
(For students admitted in 2011, 2012 and 2013 only)

Time: 3 hours Max Marks: 60
Answer any FIVE questions
All questions carry equal marks
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1 (a) What are the objectives of cost accounting?
(b) Explain the managerial use of classification of costs.

2 (a) Explain the EOQ model.
(b) Discuss the LIFO and FIFO methods of inventory.

3 (a) What is the basic idea behind Taylor?s differential piece rate system?
(b) Distinguish between time recording and time booking.

4 (a) Name four important aspects of process costing.
(b) What are the joint products and by-products?

5 (a) Illustrate the make or buy decision.
(b) Explain the advantages and limitations of marginal costing.

6 (a) What is flexible budget?
(b) Explain the sales budget.
(c) What is zero based budgeting?

7 (a) Distinguish between standard costing and marginal costing.
(b) What is meant by labour variance analysis?

8 (a) What is the Break-Even analysis? Explain the assumptions and the limitations.
(b) Explain the cost audit.
(c) Describe the management audit.
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