1. What are the objectives of cost accounting? State its major advantages to a manufacturing concern.

2.(a) What are the important requirements of an efficient system of materials control? What are the major advantages of piece wage system in a production department?

3. Write short notes on any two of the following: Time booking Centralised purchasing Cost centre Payroll Accounting

4. In a manufacturing concern, there are three production departments Band C and two service departments D and E. The following cost figures are extracted from the records of the company:
<img src='./qimages/11616-4.jpg'> Apportion the costs amongst all the Departments and Apportion the costs of Department D on the basis of direct wages and that of department E in the ratio of 5 3 2 to the production departments, Band C respectively.

5.(a) Work out the Machine Hour Rate from the following particulars <img src='./qimages/11616-5a.jpg'>

Eight hourly day charges

Power 24
Lubrication oil 20
Consumable stores 28
Wages 80
No.of Hours per annum 2,000 What are the requisites of a good method of absorption of factory overheads
6. Calculate the cost of each process by preparing the Process Accounts form the data given below; and prepare the Abnormal Loss
<img src='./qimages/11616-6.jpg'>

10,000 units introduced in process Rs 1 per unit.