Cost Accounting Theory questions

The above questions may be treated as an assignment to be submitted within 7 days form today by mail:
Mail id is aalok.anand@gmail.com
1. What are the objective of cost accounting for a manufacturing firm?

2. Cost Accounting system evolved due to the deficiencies of the financial accounting system. Do you agree? Discuss

3. What is Idle Time? What is its treatment?

4. Differentiate between departmentalisation and absorption  of overheads

5. Write a short note on Activity Based costing
6.What is semi variable cost.Give three examples
7. Explain the treatment of the following
a. Packing Expenses
b. Holiday with pay
c. R&D cost
d. Overtime
e. Cash discount

7.Explain the following concepts of cost accounting:
a. batch costing
JIT purchases

8, Explain the following terms with examples
Minimum order level
Reorder level
Stock out
Weighted Average Method of Stock valuation
EOQ

9. What information does a cost sheet convey?
10. Differentiate between job costing., process costing and contract costing with examples

11. Differentiate with examples difference between perpetual inventory system and periodic inventory system

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