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Cost Accounting Theory Important Questions..

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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SAITEJA ANUGULA
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10K views2 pages

Cost Accounting Theory Important Questions..

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.

Uploaded by

SAITEJA ANUGULA
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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com

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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
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E9 TO E11 1 TO 10
E11 TOE21 4 TO 25
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F6 TO F8 ALL PROBLEMS
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UNIT V
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G8 TO G20 ALL PROBLEMS


H3 ILLUSTRATION 1
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H6 1,2,3,4, 5
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H7TO H16 2,6,7,8,9,10,11,12,14,17,18,20


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