Code No: 32
Time: 3hours
Max.Marks:60
Answer any Five questions
All questions carry equal Marks
1. What are the basic principles and functions of management accounting?
2. What do you understand by classification, allocation and apportionment in relation to overhead expenses?
3. What is Batch costing? Enumerate three industries where this system of costing is useful.
4. Give a brief account of practical applications of marginal costing which you consider sound from a policy point of view.
5. What is Cost volume profit analysis? Explain the usefulness of CVP analysis to the management of a company.
6. Discuss the advantages and limitations of budgetary control and also state the essentials of an effective budgetary control system.
7. “The technique of marginal costing can be a valuable aid to management” Discuss.
8. What is meant by management audit? Explain the scope of management audit in a manufacturing organization.
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