Dr. A.P.J. Abdul Kalam University BBA III SEM Business Costing [BBA304T] Dec 2020 Question Paper

Dr. A.P.J. Abdul Kalam University

Bachelor of Business Administration

Third Semester Main Examination, Dec-2020

Business Costing [BBA304T]

Time: 3:00 Hrs Max Marks 80

Note : Attempt any five question. All question carry equal marks.

Q.1 Explain all the important ways of classification of Cost and discuss them in detail.

Q.2 From the following information, calculate Re order level, Minimum level, Maximum

level, Average stock level, Danger level.

Rate of consumption: Minimum 250 units per week, Maximum 750 units per week,

Normal 400 units per week.

Reorder Period : Minimum 3 weeks, maximum 7 weeks, Normal 4 weeks. For

Emergency purchase 2 weeks.

Reorder Quantity: 2000 units.

Q.3 Describe the Procedure of Purchasing material from supplier.

Q.4 From the following, calculate earnings of the workers under:

a. i. Halsey Plan

ii. Rowan Plan

b. Standard Time ………………………. 10 hours

c. Hourly Rate …………………………. Rs.2

d. Time Taken …………………………. 6 hours

Q.5 Distinguish between the following:

(i) Direct Materials and Indirect Materials

(ii) Prime cost and Factory cost.

Q.6 What do you mean by cost? Explain various elements of cost.

Q.7 Distinguish between Job Costing and Contract Costing. State the special features of

contract costing.

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