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    The document is a test paper for an Accounting for Management class. It contains 3 parts with multiple choice and descriptive questions. Part A contains 10 short answer questions defining key accounting terms like cost accounting, financial accounting, cost unit, etc. Part B has 5 medium answer questions explaining objectives of cost accounting, merits and demerits, production and distribution costs. Part C comprises 3 long answer questions comparing cost accounting to financial accounting, preparing a cost sheet from raw material and expense information, and calculating selling price using a cost sheet.

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    The document is a test paper for an Accounting for Management class. It contains 3 parts with multiple choice and descriptive questions. Part A contains 10 short answer questions defining key accounting terms like cost accounting, financial accounting, cost unit, etc. Part B has 5 medium answer questions explaining objectives of cost accounting, merits and demerits, production and distribution costs. Part C comprises 3 long answer questions comparing cost accounting to financial accounting, preparing a cost sheet from raw material and expense information, and calculating selling price using a cost sheet.

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    © All Rights Reserved
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    1 views2 pages

    Acm 1

    Uploaded by

    Ꮢ.Gᴀɴᴇsн ٭ʏт᭄
    The document is a test paper for an Accounting for Management class. It contains 3 parts with multiple choice and descriptive questions. Part A contains 10 short answer questions defining key accounting terms like cost accounting, financial accounting, cost unit, etc. Part B has 5 medium answer questions explaining objectives of cost accounting, merits and demerits, production and distribution costs. Part C comprises 3 long answer questions comparing cost accounting to financial accounting, preparing a cost sheet from raw material and expense information, and calculating selling price using a cost sheet.

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    © All Rights Reserved
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    of 2

    VIDHYAA GIRI COLLEGE OF ARTS AND SCIENCE – PUDUVAYAL

    (Affiliated to Alagappa University)


    (Recognized Under Section 2(f) by the UGC)
    Department of Business Administration
    Unit Test-I

    Class: I BBA ACCOUNTING FOR MANAGEMENT – II – 23BBA2C2 Max Marks: 75


    Date: 2024 Time : 3 hours

    Part – A (Answer all the Questions) (10X2=20)


    1. Define cost accounting.
    2. What do you mean by financial accounting?
    3. What is cost unit?
    4. Define cost elimination.
    5. What is meant by processing cost?
    6. What are the features of variable cost?
    7. What do you mean by sunk cost?
    8. What is Batch costing
    9. What is production cost?
    10. What is meant by fixed cost?

    Part – B (Answer all the Questions) (5X5=25)

    11. Explain the objectives of cost accounting.


    12. List down the merits and demerits of cost accounting.
    13. Write a short note on production cost & distribution cost.
    14. Explain the types of cost under managerial decision.
    15. What are the functions of cost accounting?

    Part – C (Answer all the Questions) (3X10=30)

    16. State the difference between cost accounting and financial accounting.
    17. Prepare cost sheet from the following information:
    Raw Materials consumed Rs. 80,000
    Wages Rs.20,000
    Factory expenses is charged at 100% of wages, office overheads charged at 20% of factory
    cost.
    18. Direct Materials Rs. 10,000
    Direct Wages Rs.5,000
    Direct Expenses Rs.1,000
    Factory overheads Rs.6,500
    Administrative overheads Rs.3,480
    If the profit 25 % on sales is to be realized what would the selling price of the commodity?
    Prepare cost sheet.

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