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problem 1: Define the term costing and cost accounting. Describe the main advantages of cost accounting.

problem 2:

a) What are the steps included in the purchase of material?
b) Describe in detail the FIFO technique of pricing with the help of imaginary figures.

problem 3: Distinguish between the given terms:

a) Cost Accounting and Financial Accounting.
b) Cost Sheet and Production Account.
c) Reconciliation Statement and Memorandum Reconciliation Account.
d) Job Costing and Contract Costing.

problem 4: Describe various methods of absorption of factory overheads.

problem 5: prepare short notes on the given terms:

a) ABC analysis.
b) Treatment of shortage of materials.
c) Rowan Premium Plan.
d) Cost centre.

Cost Accounting, Accounting

  • Category:- Cost Accounting
  • Reference No.:- M92252

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