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Tuesday, July 24, 2012

Dirbugarh University - Cost Accounting 1987


Answer any five:-
1. “Cost accountancy has become an essential tool of management”. Give your comment on this statement. (20)

2. Explain the advantages & disadvantages of the FIFO & LIFO methods of pricing material issue.               (10+10)

3. Define process costing & state its characteristics. Compare process costing & job costing. (4+8+8)

4. Define administrative overheads & give four examples of it. How are these overheads apportioned to the products. (6+4+10)
5. What is standard costing? Explain its advantages & disadvantages. (20)

6. State briefly the difference methods of remuneration to labour.  (20)

7. It has been mentioned that the cost standard for material consumption are 20 kg @ Rs5 per kg. Compute the variance when actual are:- (20)
a)      24 kg @ Rs5 per kg.
b)      20 kg @ Rs6 per kg.
c)       24 kg @ Rs6 per kg.
d)      18 kg @ Rs180 in total.