ACC200 4 Hr exam

Question One

Define cost accounting

2 marks

State purposes of cost accounting 8 marks

Relate cost accounting to managerial accounting 1 mark

Distinguish job costing from process costing 4 marks

Question two

Plunk ltd wishes to determine the BEP; fixed cost is kes10 million. Data is provided as follows

Products Categories P1 P2 P3

Unit selling prices (kes) 3000 2000 1000

Sales mix 20% 40% 40%

Unit contribution margin 20% 20% 20%

Required: calculate BEP 10 marks

Question three

Explain 10 types of budgets 5 marks