File Details:

Questions:

1. What do you mean by Cost?
2. Discuss material.
3. Define cost accounting.
4. Explain financial accounting.
5. What is time wages?
6. What is Unit?
7. Discuss normal wastage.
8. Define product.
9. What is by-product?
10. Distinguish works-on-cost and works cost.
11. Write a brief note on 'Costing as an Aid to Management.'
12. Explain the general principles of Cost Accounting.
13. Distinguish between Cost Accounting and Financial Accounting.
14. Explain the ABC analysis.
15. Calculate the machine hour rate on the basis of the provided data.
16. What is Process Account? What important points should be considered in its preparation?
17. Calculate percentages of factory overhead with wages and office overhead with factory cost.
18. What is Contract Account? What important points should be borne in mind in its preparation?
19. Show how you would deal with plant in 'X' contract account with the provided information.
20. What do you mean by Incentive wage payment system? Discuss any two methods of it.
21. Prepare a statement of cost and calculate the price to yield a profit of 20% on selling price.
22. Prepare the process account for a product passing through three processes with specified wastage rates.
23. Prepare a statement reconciling the profits between cost books and financial books.
24. Discuss in brief the different methods of Cost Accounting.