QUESTION BANK
UNIT 1 1. Elements of cost 2. cost sheet 3. job costing 4. Economic batch quantity(EBQ) 5. Differences between batch and job costing 6. cost accounting- objectives, and functions 7. nature and scope of management accounting 8. cost concepts 9. cost classification UNIT 2 1.** Last in first out ( LIFO), First in first out(FIFO), weighted average - PROBLEMS 2. Remuneration methods 3. labor turnover. how it will be measured? 4. inventory control 5. time keeping & booking UNIT 3 1. **Financial statement analysis- objectives 2. comparative and common size analysis 3. trend analysis UNIT 4 1 . types of ratios 2. ratio analysis - uses and limitations UNIT 5 1. features and importance of marginal costing 2. profit volume ratio (p/v ratio) 3.** Break-even analysis - PROBLEMS 4. Differences between absorption costing and marginal costing 5. MOS- margin of safety