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)
- 1.2
What are the features of cost accounting?
- 2.2
Mention any two features of variable cost.
- 3.2
What is overhead cost?
- 4.2
Define break-even point.
- 5.2
Write down the meaning of avoidable cost.
- 6.2
Calculate fixed cost and variable cost per unit by using least square method.
- 7.2
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 - 8.2
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 - 9.2
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 - 10.2
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
— The End —