SUBJECT : COST & MGMNT ACCOUNTING

Total Marks: 80

Note : All Questions are Compulsory

Each Question Carries Equal Marks

1. Explain the significance of cost accounting in a

manufacturing company.

2. How cost accounting is superior over financial

accounting? Explain the techniques of costing and their
application and suitability.

3. What is meant by cost accounting? Discuss in detail

the advantages of the cost accounting.

4. “Cost accounting has become an essential tool of modern

management”. comment.

5. What factors are considered for sound budgetary control?

6. What are the objectives, advantages and limitations of budgeting?

7. How to set up standard costs?

8. A company earned a profit of Rs. 50000 during the year 2008-09.
If the marginal cost and selling price of a product are Rs. 7 and Rs.
10 respectively find out the amount of margin of safety