BBA-09
June Examination 2017
BBA Pt. II Examination
Cost and Management Accounting
Paper BBA-09
Time 3 Hours Max. Marks 80
Note: The question paper is divided into three sections B and C. Write answers as per given instructions.
Section A 8 × 2 16
(Very Short Answer Questions)
Note: Answer all questions. As per the nature of the questions you delimit your answer in one sentence upto 30 words. Each question carries 2 marks.
What is cost centre?
Write the name of any two items which are treated as indirect labour.
What do you mean by Bin card?
What do you mean by fixed cost?
What do you mean by Job costing?
Write any two differences between "Joint product" and "By product".
489
BBA-09 100 3 (P.T.O.)
BBA-09 100 3 (Contd.)
489
Write the formula to calculate Idle time variance.
(viii) Write the formula to calculate Break Even Point (in Rs.)
Section B 4 × 8 32
(Short Answer Questions)
Note: Answer any four questions. Each answer should not
exceed 200 words. Each question carries 8 marks.
Explain in brief about "Activity Based Costing".
What do you mean by overtime? Write treatment of overtime.
Explain in brief the cost accounting treatment for "Joint
Products".
Explain various components of cost.
What is cost sheet? Give a specimen of cost sheet.
Write the procedure for Computing Machine Hour Rate.
The average annual consumption of a material is 18250 units
at a price of 36.50 per unit. The storage cost is 20% on an
average inventory and the cost of placing an order is 50.
Calculate economic order quantity.
If standard quantity is 50 kgs 100 per kg., compute material
variances if actual quantity consumed 60 kgs. 110 per kg.
BBA-09 100 3
489
Section C 2 × 16 32
(Long Answer Questions)
Note: Answer any two questions. Each answer should not
exceed 500 words. Each question carries 16 marks.
10) Calculate Break even point, sales if 2,00,000 profit is desired
and profit if sales in 16,00,000 from the following information,
sales 20,00,000. Total cost 15,20,000 and fixed cost
3,20,000.
11) Explain the rates for transfer of notional profit to profit and loss
account in contract costing.
12) 2000 units costing 4 per unit, were introduced to process-I.
Labour costs and other expenses were 1080 and 120
respectively. Its output was 1900 units. The normal scrap was
10% of the input and had a realise value of 1 per unit. Prepare
process-I Account, Normal Loss Account and Abnormal gain
Account.
13) Discuss the different methods of pricing materials issued for
production.