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Bpm:226 Cost Accounting Question Paper

Bpm:226 Cost Accounting 

Course:Bachelor Of Science In Project Planning And Management

Institution: Moi University question papers

Exam Year:2016





1a) State and explain the purpose of cost accounting (5marks)
b) Give five conditions for an effective costing system (5marks)
c) Distinguish between Cost accounting and Financial accounting (10 Marks)
2. a) Discuss the main elements of cost (5 marks)
b) What is classification of costs? Explain types of cost classifications (7marks)
c) From the following information prepare a cost statement showing sales (8 Marks).
Kshs
Raw material 15000
Direct wages 40000
Direct Expenses 10000
Factory Expenses
Rent 20000
Power 5000
Indirect wages 4000
Depreciation of plant 6000
Administrative expenses 15000
Selling and distribution expenses 17000
Profit is 33 %




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