SECTION – A

1. Define Cost Accounting.

2. What are objectives of management accounting?
3. How will you prepare cost sheets?
4. What do you mean by purchase order?
5. What is ABC analysis?
6. Write a note on inventory control.
7. Write down the importance of labour cost control.
8. How will you calculate wages? Give example.
9. What is distribution of overheads?
10. Write a note on break even analysis.
11. Differentiate between the budget and budgetary control.
12. Define marginal costing.
13. Define costing.
14. Write a note on estimates.
15. What do you mean by direct labour?
16. What is direct material?
17. What are components store?
18. Define: ‘’Bin Cards’’
19. What is store ledger?
20. Mention the application of profit volume ratio?
21. Define the term ‘’Overheads’’.
22. What is a marginal costing?
23. Write a note on machine hour rate.
24. What do you mean by flexible budget?

Section – B

1. Distinguish between cost and financial accounting.

2. What are the methods of wage payment? Explain.
3. Describe the application of profit volume ratio.
4. What is the classification of overheads? Explain.
5. Distinguish between the selling and distribution expense.
6. What are the methods of cost accounting? Describe.
7. Differentiate between the budget and budgetary control.

Section – C

1. What are the advantages of break-even charts? Explain.

2. Explain the preparation of different types of budget.
3. Compare the management accounting with financial accounting.
4. Explain the different types of budget including flexible budget.