Question Bank SYBMS Sem 4 Strategic Cost Management

Paper pattern:-

Q1. Objectives (15 marks)

Q2. Full length questions theory +practical (2 sets of 2 questions each. Attempt any one set)

Q3. Full length questions theory +practical (2 sets of 2 questions each. Attempt any one set)

Q4. Full length questions theory +practical (2 sets of 2 questions each. Attempt any one set)

Q5. Short notes (3 of 5)

Unit 1

1. Strategic costing vs traditional costing
2. SN on value engineering, business process reengineering, Total quality management, Total productive maintenance
3. Product lifecycle costing
4. Audit and control of total distribution cost
5. Methods of cost reduction
6. Methods of waste control and disposable management

Unit 2

1. ABC and limitations of ABC
2. Simple sums on ABC
3. ABC vs ABM
4. Simple sums on cost drivers
5. SN Back flush costing, methods of transfer pricing
6. Factors affecting transfer pricing
7. Simple sums on transfer pricing
8. Simple sums on break even analysis and profitability

Unit 3

1. Financial audit vs cost audit
2. Advantages of cost audit
3. Advantages of strategic cost management
4. Benefits of BPO
5. Features of 6 sigma
6. DMAIC approach
7. Application of learning curve
8. Benefits of simulation

Unit 4

1. Simple sums on standard costing- variances
2. Types of cost centers
3. Reasons for breaking up into different cost center
4. SN- Profit center, investment center
5. Benefits of responsible accounting
6. Sn- residual income, EVA

For any further clarifications or doubts, please feel free to What’s-app Vipin Sir on 9820779873