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  • Third Year B.B.A. (Hon's) First Semester Final Examination 2005 Management Course # 315 (Cost Accounting) Full Marks - 80 Time - 4 Hours

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    1. Cost accounting is the process of capturing and analyzing a company's costs to manage operations and support decision making. It differs from financial accounting which focuses on external reporting. 2. Cost accounting provides important information to management for planning, control, and decision making. Its objectives include determining product costs, cost control, inventory valuation, and providing information to management. 3. Costs can be classified in different ways for managerial decisions, such as by direct and indirect costs, fixed and variable costs, product and period costs. Cost accounting techniques include job costing, process costing, and standard costing.

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    1. Cost accounting is the process of capturing and analyzing a company's costs to manage operations and support decision making. It differs from financial accounting which focuses on external reporting. 2. Cost accounting provides important information to management for planning, control, and decision making. Its objectives include determining product costs, cost control, inventory valuation, and providing information to management. 3. Costs can be classified in different ways for managerial decisions, such as by direct and indirect costs, fixed and variable costs, product and period costs. Cost accounting techniques include job costing, process costing, and standard costing.

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    11 views2 pages

    Third Year B.B.A. (Hon's) First Semester Final Examination 2005 Management Course # 315 (Cost Accounting) Full Marks - 80 Time - 4 Hours

    Uploaded by

    saifuliu
    1. Cost accounting is the process of capturing and analyzing a company's costs to manage operations and support decision making. It differs from financial accounting which focuses on external reporting. 2. Cost accounting provides important information to management for planning, control, and decision making. Its objectives include determining product costs, cost control, inventory valuation, and providing information to management. 3. Costs can be classified in different ways for managerial decisions, such as by direct and indirect costs, fixed and variable costs, product and period costs. Cost accounting techniques include job costing, process costing, and standard costing.

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    Third Year B.B.A. (Hons) First Semester Final Examination 2005 Management o!rse " #$5 ( ost A%%o!

    nting) F!ll Mar&s ' (0 Time ' ) Ho!rs [N. B. All questions are of equal value. Answer any five of the following questions.] 1. a. b. c. d. e. f. a. b. c. Define Cost Accounting. Show the difference between financial accounting and cost acconting. State the i !ortance of cost accounting to anage ent. "hat are the ob#ectives of cost accounting$ "hat are the ob#ectives of cost accounting$ Describe the techniques of cost accounting. "hat are the ob#ectives of cost accounting$ &ow costs can be classified for anagerial decisions$ 'he following data !rovided by "hite anufacturing Co !any at Dece ber (1) %**+. Direct labor 1+*)*** ,ndirect labor 1-).+* /actory Su!ervision 01!enses (()*** Selling and Ad inistrative Salary .+)*** /actory Su!!lies 01!ense 2)+** ,nventories) 3an. 14 5aterials 6)*** "or78in8!rocess 1+)*** /inished goods 1()+** ,nventories) Dece ber (1) %**+ 5aterials 9)*** "or78in8!rocess 1-).+* /inished goods 16)+** 5aterials !urchases 9*)*** 'rans!ortation : in 2)+** ,nsurance 01!ense ;.*< factory= >e!airs and 5aintenance 01!ense 1)1%+ ?tilities 01!ense ;.*< factory= %)%+* @ayroll 'a1es %%)+** De!reciation 01!ense ;-*< factory= (*)*** Delivery 01!ense 1%)*** Sales +)++)*** Ather selling and Ad inistrative e1!ense 1+)*** >equired4 @re!are Cost of Boods Sold State ent and ,nco e State ent.

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