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    Cost Accounting Theory Important Questions..

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    SAITEJA ANUGULA
    The document outlines the units and topics covered in a Cost Accounting course for a Bachelor of Commerce degree. It includes 5 units that cover topics such as cost accounting definitions, classifications of costs, material and labor costing techniques, job and contract costing, and definitions of relevant terms. Each unit also lists the theory questions and practice problems students should complete, including the page numbers and problem numbers from the textbook.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Cost Accounting Theory Important Questions..

    Uploaded by

    SAITEJA ANUGULA
    5K views2 pages
    The document outlines the units and topics covered in a Cost Accounting course for a Bachelor of Commerce degree. It includes 5 units that cover topics such as cost accounting definitions, classifications of costs, material and labor costing techniques, job and contract costing, and definitions of relevant terms. Each unit also lists the theory questions and practice problems students should complete, including the page numbers and problem numbers from the textbook.

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    The document outlines the units and topics covered in a Cost Accounting course for a Bachelor of Commerce degree. It includes 5 units that cover topics such as cost accounting definitions, classifications of costs, material and labor costing techniques, job and contract costing, and definitions of relevant terms. Each unit also lists the theory questions and practice problems students should complete, including the page numbers and problem numbers from the textbook.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    5K views2 pages

    Cost Accounting Theory Important Questions..

    Uploaded by

    SAITEJA ANUGULA
    The document outlines the units and topics covered in a Cost Accounting course for a Bachelor of Commerce degree. It includes 5 units that cover topics such as cost accounting definitions, classifications of costs, material and labor costing techniques, job and contract costing, and definitions of relevant terms. Each unit also lists the theory questions and practice problems students should complete, including the page numbers and problem numbers from the textbook.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

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    –
    Department of Commerce

    Course: B Com Group: Computers Semester: V


    Subject: Cost Accounting

    UNIT-I
    Theory questions:
    1. Define cost accounting? Write its advantages and limitations.

    2. Objectives, Scope and functions of cost accounting.

    3. Difference between cost accounting and financial accounting.

    4. Classification of cost

    5. Methods and Techniques of costing.

    6. Practical difficulties in installing a costing system.

    7. Write Characteristics of cost accounting.

    UNIT –II
    Theory questions:
    1. Difference between direct and indirect material.
    2. Objectives of material control.
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    3. Methods of valuing material issues.


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    4. Difference between Bin card and Stores Ledger.


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    5. Economic order quantity.


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    6. ABC Analysis.
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    7. Reorder Level and Reorder Quantity.


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    8. Minimum and Maximum stock Level.


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    UNIT- III
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    1. Difference between direct and indirect labour.


    2. Define overhead? Difference between fixed and variable overheads.
    3. Define the words Allocation, Apportionment and Absorption.
    4. Merits and demerits of time wage and piece wage system.
    5. What is labour Turnover. Write its Causes.
    UNIT-IV

    1. What is job costing? Objectives, merits and demerits of job costing.

    2. Difference between job costing and contract costing.

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    UNIT-V

    Define the following words.


    1. Retention money.
    2. Work - in - progress
    3. Escalation clause.
    4. Normal loss and abnormal loss.
    5. Cost plus profit.
    UNIT II

    Problems:
    Page no Problem numbers
    B16 1,2, 3
    B20 1,2,3,4,5
    B25 to B 30 12 to 26
    UNIT III
    C10 TOC11 1,2,3,4,5,6
    C11 TO C16 1,2,3,4,7,9,12,17,18,19,20
    D4 TO D8 ILLUSTRATION 1,2
    D8 TO D11 1 TO 11
    D13 TO DD18 4,6,7,8,9TO 18
    UNIT IV
    E4 TO E9 ILLUSTRATION 1,2,3
    om

    E9 TO E11 1 TO 10
    E11 TOE21 4 TO 25
    r.c

    F6 TO F8 ALL PROBLEMS
    ke

    UNIT V
    an

    G8 TO G20 ALL PROBLEMS


    H3 ILLUSTRATION 1
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    H6 1,2,3,4, 5
    irs

    H7TO H16 2,6,7,8,9,10,11,12,14,17,18,20


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