File Details:

{"filename":"bba-2-sem-cost-accounting-bba-205o-may-2012.pdf","description":"This file contains the B.B.A. Second Semester examination paper for Cost Accounting (BBA-205(O)) from May 2012 (Old Scheme). It includes questions on topics such as cost control, cost accounting in underdeveloped countries, cost sheet preparation, maximum and minimum stock levels, reconciliation statements, process cost accounts, and contract accounts."}

Questions:

  1. What do you mean by Maximum Stock Level, Minimum Stock Level, Ordering Level and Economic Order Quantity? How are these calculated?
  2. Explain the causes of differences in profits as shown by financial accounts and cost accounts.
  3. Prepare Process Cost Accounts showing the cost of output.
  4. How will you distinguish between direct wages and indirect wages? Provide pro forma of cost sheet.
  5. Prepare a Statement showing reconciliation between the two sets of profits.
  6. What are the methods of wages payment?
  7. What are the methods of Absorption of overheads?
  8. Explain Contract Account.
  9. What is Idle Time?
  10. Prepare the contract account showing the profit to be transferred to the profit and loss account, calculate work-in-progress, and show how particulars should appear in the Balance Sheet.
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