Mention major items of expenses or income, which will appear in financial accounts, but will not normally appear in cost accounts

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Cost Accounting Managementinfo_at_answersheets.in
91 95030-94040
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• Cost Accounting Management
•  
• Q 1. Mention major items of expenses or income,
  which will appear in financial accounts, but will
  not normally appear in cost accounts.
• Q 2. What is standard costing and how would you
  distinguish it from budgetary control
• Q 3. If a company sells more units than it
  produces, would the the profits reported by
  absorption costing tend to be higher or lower
  than the profits reported by variable costing
  ?why?

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• Q4. Why is operating costing called service
  costing ? describe in brief the cost accumulating
  procedure under operating costing.
• Q 5. Discuss the accounting treatment of the
  spoilage and defectives in cost accounts.
• Q 6. Explain the meaning of batch costing how
  does such accosting differ from job costing?
• Q 7. Discuss briefly the principle to be followed
  while taking credit for profit on incomplete
  contracts?
• Q 8. Discuss the various methods of treatment of
  research and development costs in cost account.

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