Q2 Q.3 04 Q.4 Attempt any four questions. SECTION-B "Costing is the technique and process of ascertainment of cost" state the nature of cost accounting explaining statement. What are the objectives of material control? State briefly the various methods for pricing the issue of material A product passes through three distinct processes to completion 10,000 units were introduced (valued at 250,000) in process a following expenses were incurred Process A B C Machine 5000 4000 3000 expanses Lab our 20000 30000 25000 Direct 11000 16400 4600 expenses Normal 5% 10% 5% Wastage Scrape value Per unit 21 Actual output 9000 2 8000 2.50 7700 Q.5 Q.6 40 Q.7 Q.S Prepare process accounts showing the cost of output and the cost per unit it each stage of manufacture along with normal wastage account, abnormal wastage account and abnormal effective account What do you mean by job costing? To which industries is it applicable? Discuss the main feature and the procedure of job cost accounting The effect of a price reduction is always to reduce the P/V ratio to increase the break-even point ad to shorten the margin of safety explain and illustrate by numerical example. From the following data for 60 per cent capacity. Prepare a budget for 30 per cent and 100 per cent capacity. production at 60% capacity Material Labour Direct expenses Factory overhead (40% fixed) Office overhead(50% fixed) 900 units 150 per units 50 P. U 15 P.U. 60,000 90,000 What is meant by fund flow? How it is prepared" Explain in detail 10x4-40