MCom08 Cost and Management Accounting M.Com Question Bank : uou.ac.in
Name of the University : Uttarakhand Open University
Degree : M.Com
Subject Code/Name : MCom08 Cost and Management Accounting
Year : II
Document Type : Old Question Papers
Website : uou.ac.in
Download Model/Sample Question Paper : https://www.pdfquestion.in/uploads/uou.ac.in/4384.-MCom-08.pdf
Cost & Management Accounting :
M.com-10 (Master of Commerce)
2nd year, Examination -2012
Related : Uttarakhand Open University MCom06 Managerial Economics M.Com Question Bank : www.pdfquestion.in/4382.html
Note : The question paper is divided into three sections ‘A’ ‘B’ and ‘C’. Attempt questions of each section according to given instructions.
Section – A
Long Answer Questions
Note : Answer any two questions. Each question carries 15 marks
1. Define Cost Accounting. Describe briefly various types of costing.
2. Define the term ‘Budget’ as used in cost Accounting and explain what is meant by ‘Budgetary Control’ what are its advantages to the concern?
3. The finished product of factory has to pass through three process ‘A’ ‘B’ and ‘C’. The normal wastage of each process is 2% in A, 5% in B, and 10% in C. The percentage of wastage is computed on the number values of wastage of processes. A, B and C are Rs10, Rs 4 and Rs 20 per 100 units respectively.
The output of each process is transferred to the next process and the finished products are transferred from C into stock. The following further information is obtained
There is no stock or work in progress in any process. Prepare the process accounts.
4. Directors of ‘B’ company prepares the following budget for the coming year- sales (1,00,000 units) Rs. 1,00,000; Variable costs Rs 40000/-, Fixed costs Rs 50,000.
(a). find out P/V ratio, Break-even point and margin of safety
(b) Estimate the effect of the following-
(i). 20% increase in selling quantity
(ii). 5% increase in variable costs.
(iii). 10% increase in fixed costs.
Section –B
Short Answer Questions.
Note : Answer any 4 questions. Each question carries 5 marks.
1. What is Economic order Quantity?
2. Write a note on Labour Turnover Control
3. What do you understand by overheads
4. What is a job order costing?
5. Prepare a cash flows statement by using imaginary figures (at least eight items in total)
6. If current ratio is 2.5 times and current liabilities are Rs 40,000. Calculate current assets.
7. Explain the time Variance
8. What is Zero base budgeting?
Section- C
Objectives Questions (Compulsory)
Note : Answer all questions. Each Question carries 01 mark
Fill in the Blanks
1. In marginal costing, costs are classified in fixed and …………………costs.
2. Cash flow statement is based upon ……………….basis accounting.
3. Owner’s equity = Total Capital + ………………………….
4. Fixed cost remain…………………..of increase or decrease of production quantity.
5. Sales – Variable cost =
6. In capital gearing Ratio, The comparison is made between internal and external capital.
7. Budgeting is a profit planning
8. Total of actual Quantity and revised standard quantity equal
9. All price variances are uncontrollable
10. Operating net profit = Net Profit + Non operating expenses – Non operating income.
Second Year, Examination-2015 :
M.COM-08 Cost and Management Accounting :
Time : 3 Hours
Maximum Marks : 60
Note : This paper is of sixty (60) marks divided into three (03) sections A, B, and C. Attempt the questions contained in these sections according to the detailed instructions given therein.
Section – A : (Long Answer Type Questions)
Note : Section ‘A’ contains four (04) long-answer-type questions of fifteen (15) marks each. Learners are required to answer any two (02) questions only. (2×15=30)
1. “The basic variances are price and usage variances.” Discuss this statement in relational to materials, labour and overheads.
2. What are the various phases of decision making? Explain the marginal analysis technique of decision making.
3. The comparative figure of X Ltd. and Y Ltd. are given below
Total Assets 4,00,000 6,00,000
Total Liabilities 80,000 2,00,000
Proprietors Fund 3,20,000 4,00,000
Calculate the Deft Equity Ratio for each company and comment.
4. A Sugar mill, without having its own sugarcane filed and depending upon supply of cane from local cultivators. have daily avoidable, expense of `5,000 of daily wages, etc. The can of that area contains 5% of sucrose.
Cost of sugarcane is `40 per ton including cost of carrying and sugar is sold at `1,500 per ton F.O.R. destination excise including `250 duty and `50 packing and delivery cost per ten. You are required to determine the point of closure of the mill for the off season.
Section – B : (Short Answer Type Questions)
Note : Section ‘B’ contains eight (08) short-answer-type questions of five (05) marks each. Learners are required to answer any four (04) questions only. (4×5=20)
1. Explain the term ‘Budgetary Control’ and mention some of its advantages.
2. What is meant by standard costs? How are the standards fixed?
3. What do you understand by ‘Zero Base Budgeting’? How is it different from traditional budgeting?
4. What are the various methods of presenting cash flow statement as per AS-3? Discuss direct method.
5. What are the different techniques of financial analysis? Explain any one of them