Ignou student zone_ISZ

 1. Define Cost Accounting'. State its main objectives. 2. (a) What do you understand by direct material and indirect material ? Explain with examples. (b) How can labour turnover be reduced ?  3. Write short notes on any two of the following: (a) Purchase order (b) Work-in-Progress c) Contract Costing (d) Group Bonus Scheme Section-B 4. In a factory, the following purchases and issues of the material were made during the month of August, 2019. Prepare the Store Ledger Account under FIFO method: August Balance 300 units @ 7 3 each 1 4 Purchased 600 units @ 4 each 6 Issued 500 units 10 Purchased 700 units @ 6 each 15 Issued 800 units 19 Returned 50 units to store issued on August 6th and purchased on August 4th 23 Issued 100 units 5. (a) From the following information, compute wages of A and B under Taylor's differential Piece Rate System : Standard time allowed 10 units per hour Normal piece rate rs5 A produces 75 units in a day of 8 hours.  B produces 100 units in a day ...

 1. "Marketing managers should focus more on the micro-environment than the macro environment while deciding marketing policies and strategies." Do you agree ? Give comments in support of your argument. 2. Differentiate between consumer market and organisational market. Discuss the distinctive characteristics of organisational markets.  3. (a) Discuss different methods used in positioning the product. Give examples.  (b) Discuss various factors to be kept in mind while developing an effective marketing information system. 4. Differentiate between product and service. Discuss various challenges in marketing of services. 5. Discuss various factors you should keep in mind while determining the price of the product. Also explain methods of pricing. 6. "Channels of distribution are different for different products". Discuss. 7. "Customer service and cost reduction are the two benchmarks of an effective system of marketing logistics." Comment. 8. Discuss the var...