File Details:

{"file_name":"bcom-part-2-cost-accounting-2018.pdf","subject":"Cost Accounting","language":"Hindi and English","exam_name":"B.Com. (Part-II) Examination, 2018","paper_code":"B.C. 2.3","sections":3}

Questions:

  1. What do you understand by Classification of Cost?
  2. Distinguish between Fixed cost and Variable cost.
  3. What is meant by 'Idle Time and Over-time'?
  4. What do you understand by 'Indirect Expenses'?
  5. What is Overhead?
  6. What is Job Costing?
  7. What is meant by Certified Work?
  8. What is Economic Order Quantity?
  9. What is the concept of over absorption of Overhead?
  10. What is Inter-process Profit?
  11. Differentiate between 'Direct Expenses' and 'Indirect Expenses'.
  12. Explain the main objectives of 'Material Control'.
  13. What is the main difference between materials and labour hour controls?
  14. What is Contract Account? What important points should be borne in mind in its preparation?
  15. Why do you need reconciliation of cost and financial accounts? Explain.
  16. Prepare a cost-sheet for the year showing cost per unit for each item of expenses and also the total cost of the production.
  17. Prepare process accounts and determine the cost per unit in each process.
  18. Prepare Contract Account and Contratee's Account in the books of the contractor.
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