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£0 Va4. From the following information, find out the
amount of profit earned during the year, using
marginal costing technique : Fixed cost
Rs. 5,00,000; Variable cost Rs. 10 per unit; selling
price Rs. 15 per unit and output level
1,50,000 units. 4
a
Explain any two limitations of cash flow analysis.
What is contribution? How it is calculated?
7. What is a cost sheet? How is it prepared?
A factory produces 100 units of a commodity. The
cost of production is : Materials Rs. 10,000; Wages
Rs. 5,000 and direct expenses Rs. 1,000. Factory
overhead 125% on wages; Office overhead 20% on
works cost : Expected profit 25% on sales.
Calculate the price to be fixed per unit.
SECTION B — (5 x 10 = 50 marks)
Answer any FIVE questions.
9. Explain the various accounting concepts.
10. What is a trial balance? What are the objectives of
preparing a trial balance’
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