Cost Accounting & Control to Question #00035

02 Jun

Cost Accounting & Control

 

INTERNAL ASSIGNMENT – 1

Q.1. Write answers for any two questions from below. (5 marks each – Word limit – 500)

  1. Write a detailed note Objectives of Cost Accounting.
  2. Define ‘Budget’ and ‘Budgetary Control’. Give a description two important budgets.
  3. Why do organizations delegate authority and responsibility? What is the commonly used basis of delegation in organization? How do they differ?

Q.2. Write short notes on all of the following topics (1 mark each – Word limit – 100)

  1. Define effort.
  2. What is money cost?
  3. Explain expenses.
  4. Fixed Cost
  5. Explain sink cost.

 

INTERNAL ASSIGNMENT – 2

Q.1. Write answers for any two questions from below. (5 marks each – Word limit – 500)

  1. Explain the meaning and features of relevant costs. Give suitable examples to support your explanation.
  2. What do you understand by labor turnover”? What are the causes for the same?
  3. Explain and distinguish between Taylor’s Differential Piece Rate Plan and Merick’s Plan.

Q.2. Write short notes on all of the following topics (1 mark each – Word limit – 100)

  1. What is payment of royalties?
  2. Define absorption costing.
  3. Explain prime cost.
  4. Define telephone expenses.
  5. Quality control cost

 

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