Costing SYBMS Question Bank Nov 2017

COSTING

Paper pattern:-

Q1. Objectives (15 marks)

Q2. Full length questions- Sums (2 sets of 2 questions each. Attempt any one set)

Q3. Full length questions- Sums (2 sets of 2 questions each. Attempt any one set)

Q4. Full length questions- Sums (2 sets of 2 questions each. Attempt any one set)

Q5. Short notes Theory(3 of 5)

Unit 1

1. What are the objectives of cost accounting
2. Financial accounting vs Cost accounting
3. How are costs classified
4. What are the various elements of cost
5. Simple sum on process and job costing

Unit 2

1. Simple sum on FIFO
2. Simple sum on EOQ, reorder level calculation, minimum and maximum stock level
3. Simple sums on piece rate, Halsey plan and Rowan plan
4. Theory:- how are overheads classified, allocation vs apportionment,
5. Simple sum on primary and secondary overheads cost distribution

Unit 3

1. Theory:- how are costs classified, features of cost sheet,
2. Numerical on cost sheet preparation
3. Theory:- need for cost reconciliation
4. Simple numerical on cost reconciliation

Unit 4

1. What are the merits and demerits of uniform costing
2. What are the advantages of interfirm cost comparison
3. Balanced scorecard implementation and challenges
4. What is JIT and JIT 2
5. Explain the process of target costing

Text books recommended

1. Sheth Publications,
2. Vipul Publications

Please note:- These are a list of important and must do questions, however the whole syllabus needs to be done well.

For any further clarifications, please feel free to contact Prof Vipin Saboo on 9820779873 (whatsapp).