Cost accounting-1
Previous year question paper with solutions for Cost accounting-1
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- What do you mean by opportunity cost?
- What is cost unit?
- What is apportionment of overhead?
- What is material mix variance?
- What do you mean by P/V ratio?
- What is target costing?
- What is budgetary control?
- What do you understand by the concept of equivalent production?
- In contract costing what is meant by escalation clause?
- What is factory cost?
- Distinguish between controllable cost and uncontrollable cost.
- What do you understand by ‘Inventory Control’ state its objects?
- Distinguish between ‘Allocation and Apportionment of Overheads’.
- Write a note on ‘Accounting for by-product’.
- Difference between absorption costing and marginal costing.
- Distinguish between contribution and profit.
- What is environmental costing?
- What do you mean by Zero Based Budgeting?
- Factory overheads
- Profit volume ratio
- Work certified
- Marginal Cost
- Labour Rate Variance
- Merricks multiple piece rate plan
- Margin of safety
- FIFO
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