MGT402 Midterm Past Paper

MGT402 (Cost and management Accounting)

Midterm papers Semester: spring2013

Total questions 27

22 short questions (mostly from past papers)

5 long question

Short questions are about:

·        Markup rate

·        Cost of goods sold

·        No. of units

·        Cost per unit

·        Overhead rates

Subjective questions:

1.     Calculate no. of units?  Marks: 2

2.     Calculate Net profit? Marks: 2

3.     Write pros and cons of group bonus?     Marks: 3

4.     Analyze the given data and answer the following:Mark :3

	Salaries per unit	Total units
Senior consultant	84	54
Junior consultant	60	120
Overhead rate for both consultant	200	?

5.     Calculate of final salaries of each consultant senior and junior?        Marks: 5

6.     Apportion the cost of each department?    Marks: 5