Tribhuvan University
Bachelor of Hotel Management
Semester 3 · TU Board 2019
Course Title: Cost And Management Accountancy (ACC311)
Full Marks: 60Pass Marks: 30Time: 3 Hrs
Candidates are required to give their answers in their own words as for as practicable.
Group A
Brief Answer Questions(10 × 1 = 10)
- 1.1
Give the meaning of cost accounting.
Answer comingAlso asked in 2023, 2019
- 2.1
What is financial accounting?
- 3.1
Define semi-variable cost.
Answer comingAlso asked in 2025, 2023, 2019
- 4.1
Lalitpur company provides data for two different level of output and costs: Production unitsMixed costs (Rs)3508004101,400 Required: Variable cost per unit (VCPU)
- 5.1
What is variable cost?
Answer comingAlso asked in 2025, 2023, 2019
- 6.1
What is make or buy decision?
- 7.1
Following information is given to you: Variable cost per unit is Rs 85 Selling Price per unit Rs 102 Required: Contribution margin per Unit
- 8.1
What is relevant cost?
Answer comingAlso asked in 2023
- 9.1
Define breakeven point.
- 10.1
Briefly define menu costing.
Group B
Short Answer Questions(6 × 5 = 30)
- 11.5
Distinguish between controllable and uncontrollable cost.
- 12.5
What are the different between cost and management accounting?
Answer comingAlso asked in 2023, 2019
- 13.5
The cost of Indirect materials of a division for different levels of activities are given below: Production in UnitsCost (Rs)110225100210140290130255120235 Required: Segregates fixed and variable costs by using Least Square Method.
- 14.5
The following data of a company are given to you. Fixed CostRs 90,000Selling price per unitRs 22Variable cost per unitRs 17 Required: i. P/V Ratio ii. BEP Sales in Units and Rupees. iii. Sales volume in Rs to earn after tax profit Rs 300,000 at a current tax rate of 25%
- 15.5
The budget for manufacturing overhead of a concern for two levels of activity were as: Capacity50 %100 %Level of activity1,000 units2,000 unitsIndirect wagesRs 2,000Rs 4,000Consumable storeRs 1,500Rs 3,000Maintenance costRs 1,900Rs2,700Power and fuelRs 1,800Rs 2,200DepreciationRs 8,000Rs 8,000InsuranceRs 5,000Rs 5,000 Required: Flexible Budget for 60 % and 80 % level of activity in units.
- 16.5
Golden co. has provided following cost and revenue information. Sales11,000 unitsProduction:7,000 unitsDirect Material cost:Rs 8 per unitDirect labor cost:Rs 4 per unitFixed Administrative cost:Rs 30,000Fixed Selling cost:Rs 10,000Fixed Manufacturing costRs 30,000Variable selling costRs 2 per unitOpening Stock:5,000 unitsSales Price per unit:Rs 40Normal output:10,000 units Required: Income statement under absorption costing for external reporting purpose.
Group C
Comprehensive Answer Questions(2 × 10 = 20)
- 17.10
Prepare a cash budget of a business firm for Jan, Feb, and March from the information given below: MonthsSales (Rs)Purchase (Rs)Wages (Rs)Expenses (Rs)December120,00050,00020,00013,000January110,00060,00025,00014,000February10,00070,00022,00011,000March110,00040,00020,0009,000 Additional information: ➤ 60 % of the sales are for cash and remaining is collected in next month. ➤ 50 % of the purchases are for cash and balance is paid in next month. ➤ Wages are paid in same month. ➤ Bank loan installment of Rs 12000 need to be paid on February. ➤ Opening cash balance Rs 15,000
- 18.10
Super shine company ltd. Is thinking about an investment on the following: Cost of electric machineRs 1,400,000Installation costRs 50,000Life of a machine5 yearsBook salvage valueRs 80,000Cash salvage valueRs 50,000Operating expenses per year is estimatedRs 2,50,000Machine produces11,000 units per yearSelling price per unitRs 85Corporate tax rate25 %Cost of capital10 % Required: a. Net cash outlay b. Annual depreciation amount c. Annual Cash flow after tax d. Final year's cash flow after tax e. Net present value and desirability of machine
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