File Details:

Questions:

1. Define cost accounting.
2. Differentiate between direct cost and indirect cost.
3. What do you mean by Material Cost?
4. What do you mean by Overheads?
5. Explain machine hour rate.
6. Explain Batch Costing.
7. Explain work in progress.
8. What is Abnormal effectiveness?
9. What is Process costing?
10. Explain Reconciliation statement.
11. State and explain the general principles of cost accounting.
12. Compute E.O.Q. and Reorder level using given data.
13. Explain about any one incentive plan of wage payment using imaginary time and rates.
14. Prepare a cost sheet showing cost and profit per unit from given data.
15. What is the difference in under-absorption and over-absorption of overheads?
16. Calculate total kilometers and passenger kilometers using given data.
17. Differentiate between Job costing and Contract costing.
18. Prepare contract account using given data.
19. What do you mean by Inter-process Profit? Give justification of Inter-Process Profit in an organization.
20. Prepare a reconciliation statement from given data.
21. Tabulate the elements of cost showing the usual items of expending pertaining to each.
22. Explain the various techniques of stores control.
23. Prepare Process Cost Accounts showing the cost of the output and the cost per unit at each stage of production.
24. Prepare a monthly cost sheet for sand lime brick work showing cost and profit per M bricks.
25. Prepare contract account using given data for the year ending on 31st March, 2015.