Ques 1 (b) |b.com (hons) |management accounting solved| code= 22417501||sol OBE Exam| management||

Ques 1 (b) |b.com (hons) |management accounting solved| code= 22417501||sol OBE Exam| management||Ques 1 (b) |b.com (hons) |management accounting solved| code= 22417501||sol OBE Exam| management||Ques 1 (b) |b.com (hons) |management accounting solved| code= 22417501||sol OBE Exam| management||Ques 1 (b) |b.com (hons) |management accounting solved| code= 22417501||sol OBE Exam| management||Ques 1 (b) |b.com (hons) |management accounting solved| code= 22417501||sol OBE Exam| management||


Q6 (i) Define a responsibility centre in a responsibility accounting system. Explain
about the various types of responsibility centres.
(ii) What are the limitations of Cost-Volume -Profit analysis?
(iii) Compared with Absorption costing, in which situations, Variable costing
system shows higher, lower or equal profits. Explain briefly.
Q1 (a) “Management Accounting is an extension of managerial aspects of cost
accounting.” Elucidate.
(b) How will you define the concept of cost reduction? Differentiate between cost
reduction and cost control.
Q6 (i) Define a responsibility centre in a responsibility accounting system. Explain
about the various types of responsibility centres.
(ii) What are the limitations of Cost-Volume -Profit analysis?
(iii) Compared with Absorption costing, in which situations, Variable costing
system shows higher, lower or equal profits. Explain briefly.
Q1 (a) “Management Accounting is an extension of managerial aspects of cost
accounting.” Elucidate.
(b) How will you define the concept of cost reduction? Differentiate between cost
reduction and cost control.

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