Advanced Cost and Management Accounting Old Question Papers (2081) – BBS Year 4

Advanced Cost and Management Accounting old question papers

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19 questions · 19 with worked answersSit this paper (timed)

Tribhuvan University

Bachelor of Business Studies

Year 4 · TU Board 2081

Course Title: Advanced Cost and Management Accounting

Full Marks: 100Pass Marks: 35Time: 3 hrs

Candidates are required to give their answers in their own words as far as practicable. The figures in the margin indicate full marks.

Group A

Brief Answer Questions(10 × 2 = 20)

1.
What are the features of cost accounting?

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2
2.
Mention any two features of variable cost.

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2
3.
What is overhead cost?

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2
4.
Define break-even point.

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2
5.
Write down the meaning of avoidable cost.

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2
6.
Calculate fixed cost and variable cost per unit by using least square method. $Σ X = 150, 000 Σ Y = Rs. 2, 500, 000 Σ X Y = Rs. 85, 000, 000$ $Σ X^{2} = 5, 500, 000 N = 5$

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2
7.
XYZ company provided following information:

Sales units Sales revenue Variable cost Fixed cost

20,000 Rs. 200,000 Rs. 80,000 Rs. 60,000

Required: BEP in units and amount

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2
8.
A company is considering buying a new machine with an initial cost of Rs. 50,000 having expected life of 5 years. Net cash flow after tax (CFAT) during the expected life of the machinery is given below.

Years 1 2 3 4 5

CFAT 15,000 18,000 16,000 14,000 16,000

Required: Payback period

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2
9.
ABC company gives you the following standard & actual data:

Raw material Standard Actual

Quantity Price per kg

A 80 Kgs Rs. 10

B 20 Kgs Rs. 20

Required: Material cost variance

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2
10.
A manufacturing company with normal capacity of 50,000 units supplied you with the following details for the year ending Chaitra. Fixed manufacturing cost: Rs. 100,000 Net income under variable costing: Rs. 70,000 Production: 55,000 units, sales: 60,000 units and closing stock: 5,000 units. Required: Reconciled profit under absorption costing

GROUP: B | Short Answer Questions | 5 × 10 = 50

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2

Sales units	Sales revenue	Variable cost	Fixed cost
20,000	Rs. 200,000	Rs. 80,000	Rs. 60,000
Required: BEP in units and amount

Years	1	2	3	4	5
CFAT	15,000	18,000	16,000	14,000	16,000
Required: Payback period

Raw material	Standard	Actual
	Quantity	Price per kg
A	80 Kgs	Rs. 10
B	20 Kgs	Rs. 20
Required: Material cost variance

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