XIBMS – Cost and Management Accounting Answer Sheet

XIBMS – Cost and Management Accounting XIBMS – Cost and Management Accounting Section – A  – Attempt any ten questions. Each question is 4 marks. (10 × 4 = 40) Q1) a) Define period cost. b) Explain the meaning of cost accounting. c) Distinguish between direct and indirect cost. d) Explain Contribution. e) How does cost volume, profit analysis is helpful in cost control. f) How margin of safety can be improved? g) What do you mean by relevant cost? h) State the cost data required for determining the profitability of various products. i) Explain various conditions of Depression. j) What is out of pocket cost? k) What are the limitations of standard costing? l) Distinguished between standard cost and estimated cost. m) Briefly explain labour variance. n) Explain the need for reconciliation between budgeted profit and actual profit. o) Prepare the Performa for cost sheet.   Section – B – Attempt any 6 questions. Each question is 10 marks (10 × 6 = 60) Q2) what is meant by classification of overheads and why it should be attempted? Q3) Cost volume profit analysis is mainly used in guiding decisions yet to be made. Explain the statement by giving examples. Q4) Explain the meaning and uses of P/V ratio. Q5) The sales turnover and profit during two year were as follows. Year Sales Profit 2005 150000 20000 2006 170000 25000 you are required to calculate (a) Fixed cost (b) Breakeven point Q6) A machine manufactures 10000 units of a part at a total cost of Rs. 21 out of which Rs. 18 is variable. This part is readily available in market at Rs. 19 per unit. If the part is purchased from market then the machine can be utilized to manufacture a component in same quantity contributing Rs. 2 per component or it can be hired at Rs. 21000. Recommend which alternative is profitable. Q7) How product profitability can be ascertained with the technique of marginal costing? Q8) Explain various cost concepts in decision making. Q9) Distinguish between relevant and irrelevant cost. Q10) Explain briefly the significance of standard costing as a technique of cost control. Q11) Given that the cost standards for material consumption are 40Kg at Rs.10 per Kg. Compute the variances when actual are 48 Kg at Rs. 12 per Kg. Q12) Prepare cost sheet with the help of imaginary figures. Q13) What are the main advantages of preparing cost sheet? XIBMS – Cost and Management Accounting XIBMS Institute XIBMS Answer sheets, academic support XIBMS assignment help, student assistance XIBMS Institute solutions Xavier mba answer sheets Xibms mba case study answers Xibms case study answers Xavier emba answer sheets Xavier emba case study papers Xibms gms answer sheets Xavier gms case study papers Xavier advance diploma answer sheets Xibms advance diploma case study answer sheets Xibms dms case study answers Xavier dms case study papers At Global Study Solutions, we take immense pride in our ability to offer specialized support to students pursuing various programs at XIBMS Institute (Xavier Institute of Business Management Studies). Our dedicated team comprises experienced professionals who excel in crafting precise and well-researched solutions for assignments and case studies across different disciplines and courses. Our commitment to aiding students in achieving academic success aligns perfectly with the educational standards upheld by XIBMS Institute (Xavier Institute of Business Management Studies). We understand the importance of delivering high-quality, customized solutions that meet the unique requirements of assignments and case studies within the institute\’s curriculum. Whether in MBA, EMBA, GMS, DMS, or any other programs offered at XIBMS Institute (Xavier Institute of Business Management Studies), our team is equipped to provide expert guidance and meticulously crafted solutions. We prioritize accuracy, originality, and timely delivery, ensuring students receive the necessary assistance to excel academically. We are dedicated to fostering an environment of academic excellence and providing dependable support to the esteemed students of XIBMS Institute (Xavier Institute of Business Management Studies). XIBMS Answer Sheets Customized Answer Solutions MBA Assignment Solutions EMBA Case Study Solutions GMS Answer Sheets DMS Assignment Help Professional Writing Assistance Tailored Academic Solutions Specialized XIBMS Support Academic Writing Services Reliable XIBMS Assistance Get expert assistance with your XIBMS Institute (Xavier Institute of Business Management Studies) assignments and answer sheets from our professional academic writing services. Our team specializes in supporting students with XIBMS Institute (Xavier Institute of Business Management Studies) coursework, ensuring top-notch answer sheets and comprehensive solutions. Ace, with our tailored assistance, your XIBMS Institute exams, offering precise guidance and accurate answer sheet preparation. Seeking reliable help for your XIBMS Institute studies? Trust our academic writing services for meticulously crafted answer sheets and exceptional support. Score high in your XIBMS Institute (Xavier Institute of Business Management Studies) assessments by availing our expert aid in preparing comprehensive and well-structured answer sheets.   XIBMS Project Report Writing Services XAVIER Customized Project Reports XIBMS Institute Project Support XIBMS Professional Project Report Assistance Quality Project Documentation XIBMS Expert Project Report Writers Comprehensive Project Analysis Structured Project Report Services XAVIER Detailed Project Documentation XIBMS Project Evaluation Support Custom Project Report Formats XAVIER Project Research and Analysis MBA/EMBA/GMS/DMS Project Reports   XIBMS Institute (Xavier Institute of Business Management Studies) assignments, solved papers, and study materials are available through our academic writing services. Seeking assistance with XIBMS Institute coursework? Our professional team delivers accurate and timely solutions for all your academic needs. Our specialized academic writing support simplifies access to XIBMS Institute (Xavier Institute of Business Management Studies) question papers and model answers. Need expert guidance for your XIBMS Institute assessments? Our service offers comprehensive solutions for students seeking assistance. Our academic writing services ensure precise and high-quality answers for XIBMS Institute assignments, aiding students in their educational journey.   Academic writing professionals play a crucial role in assisting students with their university assignments, striving to achieve several key goals: Quality Assurance: Their primary aim is to deliver high-quality content that meets academic standards and fulfills the requirements of the university assignments. This involves thorough research, proper structuring, and adherence to guidelines provided by the educational institution. Originality and

XIBMS – Cost and Management Accounting Answer Sheet Read More »