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Subject: CMA
Semester: II
Module-1
2. Define following terms: Cost Object, Sunk Cost, Margin of safety and cost driver
3. Define Cost Accounting. Explain the advantages of cost accounting.
4. Give the Cost unit for the following industries: 1. Cement 2. Petroleum 3. Soft Drink 4.
Hospital 5. Transport 6. Cotton 7. Hotel 8. Education 9. Carpets 10. Timber 11. Paper
12. Gas 13.Building Construction 14. Interior Decoration
5. Explain the differences between the costing, cost accountancy and cost accounting.
6. Explain the following terms: Cost Center, Overheads, Profit Center, standard cost
7. The subject of Management Accounting is very important and useful for optimum
utilization of resources. It is an indispensable discipline for corporate planning,
management and control Justify this statement in the light of importance of
Management Accounting.
8. Explain (1) Engineered Cost (2) Joint Cost (3) Opportunity Cost.
9. What do you mean by Management Accounting? How will you differentiate the
functions of Controller and Treasurer?
10. Write a short note on - Types of Costing Systems
11. Define cost accounting. State its functions
12. Explain the following terms with practical example:
i) Cost Unit
ii) Cost Reduction
13. Explain the terms cost tracing, cost allocation and cost apportionment with suitable
examples?
14. What is over-absorption and under absorption? State the reasons for over and
under absorption.
Unit Costing
15. With a hypothetical example, prepare a complete cost sheet showing: Flat Cost, Cost of
Operations, Factory Cost, Cost of Production, Cost of Production of Goods Sold and
Cost of Sales.
Job and Batch Costing
16. What do you understand by job order Costing? Under what conditions, it is Suitable?
How batch costing is different from it?
17. Write a short note on Batch Costing and Economic Batch Quantity
18. What do you mean by Job Costing? Under what conditions, it is suitable? How batch
costing is different from it?
19. What do you mean by Job costing? Discuss the difference between Job order costing and
batch Costing.
20. How would you allocate cost in activity based costing? Illustrate your answer with
imaginary figures?
21. What do you understand by Activity Based Costing (ABC)? Briefly discuss the key
advantages and limitations of ABC
Module-2
Operating Costing
22. What is operating costing? Draw a Specimen cost sheet for canteen costing?
23. What is operating costing? To what industries is this method of costing applicable?
24. What is Boiler House Costing? Draw a specimen cost sheet for Boiler House Costing
with imaginary figures.
25. What do you mean by Operating Costing? Explain characteristics, features and types of
cost units used in operating costing.
Process Costing
26. Explain features of process costing. Name the industries where process costing can be
applied. Give three different between process & Job costing?
27. Explain Normal Loss, Abnormal Loss and Abnormal Gain with an example under
process costing.
28. Define by products and joint products, what are the distinctions between them? Give
examples.
29. What are By-Products? What is the method of accounting for by- product?
41. Explain the various steps involved in the decision making process?
Pricing Decision
42. State the factors influencing pricing decisions. Explain premium pricing & skimming
pricing.
Module-4
43. What do you mean by budgetary control? Mention the necessary features of Budget?
44. Write a note on zero-base budgeting.
45. What do you understand by flexible budget? Difference between fixed budget and
flexible budget.
46. Explain the concept of budgetary control and standard costing and variance Analysis.
Also state difference between Standard costing and budgetary control.
47. Define Flexible Budget. Explain its importance as a budgeting technique and tool of
control.
48. Write short notes on: Activity Based Budgeting
49. What do you mean by Planning, Programming and Budgeting System (PPBS)? Explain
with stages and advantages of it.
52. Illustrate, by means of suitable example the significance of variances in standard Costing
and discuss the interpretation of such variances?
55. What do you understand by cost audit? As a cost auditor of a large organization, describe
the procedure you would adopt with regards to labour & material cost?
56. Write a short note on Cost Accounting Standards (CAS).
57. Explain any two cost accounting standards applicable in India.
58. Elaborate the cost bifurcation needed for life cycle cost analysis?
59. Explain the objectives and salient features of Statutory Cost Audit in India.
60. Write a note on Target Costing and Life Cycle Costing