File Details:

Questions:

1. What do you mean by Indirect Expenses?
2. What do you mean by Differential Piece Rate System?
3. What is work in progress?
4. Write any two functions of Management Accounting.
5. What do you mean by Marginal Costing?
6. What do you mean by Apportionment and Absorption of Overheads?
7. Define the term Cost Sheet.
8. What do you understand by the term Cost? Explain the different elements of Cost.
9. What are Cost Sheets? What are their advantages? How do they differ from a cost account?
10. Give an account of the evolution of management accounting as a separate branch of accounting.