COST ACCOUNTING - CAT 1 AND CAT 2 ASSIGNMENT

 CAT 1 ASSIGNMENT 

1. Discuss the meaning of ‘cost’, ‘costing’, ‘cost accounting’  and ‘cost accountancy’.

2. Explain the advantages and disadvantages of cost accounting. 

3. Define cost sheet. Explain the purposes of the cost sheet. 

4. Write a simple format of the cost sheet. 

5. Explain: (a) Maximum level (b) Minimum level (c) Reorder level (d) Danger level (e) EOQ

CAT 2 ASSIGNMENT

1. Explain any five methods of pricing material issues. 

2. What is material control? What are the objectives of material control?

3. What is labor turnover? Explain its causes and effects of labor turnover. 

4. Define Idle time. Explain the causes for ‘Idle time’.

5. What is meant by overheads? What are its various classifications?

6. Explain the different methods of classifying overheads. 

LAST DATE TO SUBMIT ASSIGNMENT 1 AND ASSIGNMENT 2: 25-11-2022