COSTING

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Paper pattern:-

Q1. Objectives (15 marks)

Q2. Full length questions- Sums (2 sets of 2 questions each. Attempt any one set)

Q3. Full length questions- Sums (2 sets of 2 questions each. Attempt any one set)

Q4. Full length questions- Sums (2 sets of 2 questions each. Attempt any one set)

Q5. Short notes Theory(3 of 5)

Unit 1

  1. What are the objectives of cost accounting
  2. Financial accounting vs Cost accounting
  3. How are costs classified
  4. What are the various elements of cost
  5. Simple sum on process and job costing

 

Unit 2

  1. Simple sum on FIFO
  2. Simple sum on EOQ, reorder level calculation, minimum and maximum stock level
  3. Simple sums on piece rate, Halsey plan and Rowan plan
  4. Theory:- how are overheads classified, allocation vs apportionment,
  5. Simple sum on primary and secondary overheads cost distribution

 

Unit 3

  1. Theory:- how are costs classified, features of cost sheet,
  2. Numerical on cost sheet preparation
  3. Theory:- need for cost reconciliation
  4. Simple numerical on cost reconciliation

 

 

Unit 4

  1. What are the merits and demerits of uniform costing
  2. What are the advantages of interfirm cost comparison
  3. Balanced scorecard implementation and challenges
  4. What is JIT and JIT 2
  5. Explain the process of target costing

 

Text books recommended

  1. Sheth Publications,
  2. Vipul Publications

For any further clarifications, please feel free to contact Prof Vipin Saboo on 9820779873 (what’s app)

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Education Qualification: BMS- N M College (University Rank Holder) PGDBM- Sydenham College M Com- College topper Mr Vipin Saboo has been associated with the following institutes as a visiting faculty Lords college, Malad Patkar College, Goregoan Saraf college, Malad Dalmia college, Malad St Andrews College, Bandra Wilson College, Grant Road Thakur college, Kandivili L N College, Kandivili N K College, Malad Dhanukar College, Vile Parle St Xaviers College, Marine Lines Shroff College, Kandivili KES College, Khar Mr.Vipin Saboo also has more than 5 years of industry expertise with corporate like CRISIL, Motilal Oswal Investment Banking and Yes Bank. Mr. Saboo has also published a text book on Logistics and Supply Chain Management for TYBMS Students.
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