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Sunday, December 20, 2015

P. G. D. F. S. (Semester - I),University Of Pune Question Paper,2010 Question Paper,FINANCIAL AND COST ACCOUNTING

University Of Pune Question Paper
P. G. D. F. S. (Semester - I) Examination - 2010
FINANCIAL AND COST ACCOUNTING
(Old 2005 Pattern)
Time : 3 Hours] [Max. Marks : 60
Instructions :
(1) Attempt any four questions.
(2) All questions carry equal marks.
Q.1) Discuss Concept of Cost and Costing. Why is Cost Accounting necessary ?
Q.2) Bring out clearly the significance of each of the following classifications
and explain their meanings :
(a) Direct and Indirect Costs
(b) Variable and Fixed Costs
(c) Controllable and Uncontrollable Costs
Q.3) Explain various Decision-making Tools in Cost Accounting with suitable
examples.
Q.4) Describe importance of the following terms in relation to Marginal Costing :
(a) Break-even Point
(b) Profit Volume Ratio
(c) Margin of Safety
Q.5) Distinguish between Budget and Budgetary Control. What is Fixed Budget
and Flexible Budget ?
Q.6) Discuss concepts and conventions of Financial Accounting.
Q.7) The following figures have been extracted from the books of Shree
Engineering Ltd. for the year ending 31st March, 2009 :
                                Rs.
Direct Materials 80,000
Direct Wages 40,000
Indirect Wages 10,000
Direct Expenses 12,000
Electric Power 1,000
Depreciation of Office Building 1,000
Depreciation of Plant and Machinery 2,000
Director’s Fees 2,000
Oil and Waste 200
Lubricants 300
Consumable Stores 1,000
Bad Debts 2,000
Postage and Telegraph 500
Lighting - Factory 1,000
 - Office 400
Carriage Outwards 300
Office Printing and Stationery 500
Store-keeper’s Wages 1,200
General Selling Expenses 2,000
Travelling Expenses 1,000
Telephone Charges 800
Rent - Factory 2,000
 - Office 1,000
Manager’s Salary 3,000
General Factory Expenses 500
From the above figures calculate :
(a) Prime Cost, (b) Factory Cost, (c) Cost of Production and (d) Cost of
Sales

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