M.COM. (Semester IV) Examination, 2017
ADVANCED COSTING (Paper IV)

Day Date: Friday, 21-04-2017 Max. Marks: 50
Time: 02.30 PM to 04.30 PM
N.B. All questions are compulsory.
Figures to the right indicate full marks.
Q.1 Choose the correct alternative from given alternative and rewrite
the sentences.
10
Cost Accounting Standard CAS 8 is related to
Cost of transportation Material cost
Employee cost Cost of utilities
Cost Accounting Standard Board (hereinafter called CASB) set up
by the council of the
Institute of Cost and works Accountants of India
Indian Institute of Chartered Accountant
Indian company Secretary
None of these
The first thing that we need to do in project is
Project Planning Bank Loan
Appoint cost Auditor Appoint Audit Staff
Cost accounting department prepares that helps them
in preparing final accounts.
Cost sheets Cost of goods sold statement
Cost of production report Material requisition form
Which of the following is/are reported in production cost report?
The costs charged to the department
How the costs were assigned to the output?
The equivalent units of production by the department
All of the given options
A successful project manager should
Adopt a well build, mechanical approach to his problems.
Attach a high value on technical perfection
Have a creative approach to use the resources efficiently and
to solve human relation problems.
Seeking an enduring solution to the problem.
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SLR-Q 66
Cost Accounting standard CAS 7 is related to
Cost of transportation Material cost
Employee cost Cost of utilities
Cost Accounting Standard CAS 6 is related to
Cost of transportation Material cost
Employee cost Cost of utilities
Cost Accounting Standard CAS 5 is related to
Cost of transportation Material cost
Employee cost Cost of utilities
10) Which of the given units can never become part of first
department of cost of production report?
Units received from preceding department
Units transferred to subsequent department
Units still in process
None of these
Q.2 Write short notes. 10
CAS 2 capacity determination
CAS 7 employee cost
Q.3 Write short answers. 10
CAS 3 Cost Accounting standard on overheads
Service costing
Q.4 Answer any one of the following. 10
Explain Cost Accounting Standard 1 (CAS on
"Classification of cost"
Explain various types of Costing Reports.
Q.5 Answer any one of the following. 10
What is project planning? Explain life cycle of a project.
What is project report? Give characteristics of good project
planning report.