7 0.2 Attempt any two of the following a. Money spent on installing a costing system is not an expenses but an Investment Comment Also highlight the steps taken for installation of a costing system, 7 b. "Management assist management in the creation of policy' In light of the statement explain the function of management accounting 7 c. From the following particulars, prepare a statement of cost Raw materials consumed - Rs. 1,20,000 Works overhead - Rs. 48.000 Direct wages. Rs. 1,00,00 Carriage on Purchase Rs 1,440 Opening stock of Raw materials Rs 20,000 Opening stock of Finished Goods (1000 units) Rs. 16,000 Opening stock of Work in Progress Rs. 4.800 Closing stock of Raw materials Rs. 22,240 Closing stock of Finished Goods (2000 units) Rs 32,000 Closing stock of Work in Progress Rs. 16,000 Sales Rs. 3,00.000 Selling and distribution overhead is Re I per unit sold 16,000 units were sold during the period