APM501 Apparel Costing B.Tech Question Paper : wbut.ac.in

Name of the University : West Bengal University of Technology
Department : Apparel Production Management
Degree : B.Tech
Sem : V
Subject Code/Name : APM-501/Apparel Costing
Website : wbut.ac.in
Document Type : Previous Year Examination Question Paper

Download Model/Sample Question Paper :
2009 : https://www.pdfquestion.in/uploads/qpaper.wbut.ac.in/6329-2009APM%20-%20501.pdf
2010 : https://www.pdfquestion.in/uploads/qpaper.wbut.ac.in/6329-2010APM-501.pdf
2011 : https://www.pdfquestion.in/uploads/qpaper.wbut.ac.in/6329-2010APM-501.pdf

Apparel Costing Question Paper :

Time Allotted : 3 Hours
Full Marks : 70
** The figures in the margin indicate full marks.
** Candidates are required to give their answers in their own words as far as practicable.

Related : West Bengal University of Technology APM401 Basics of Chemical Processing of Textiles B.Tech Question Paper : www.pdfquestion.in/6327.html

GROUP – A : ( Multiple Choice Type Questions )
1. Choose the correct alternatives of the following : 10 × 1 = 10
i) A detailed plan of operations for some specific future period is called
a) forecast
b) budget
c) costing.

ii) The different between sales and marginal cost of sales is
a) P/V ratio
b) Margin of safety
c) Contribution.

iii) The guidance and regulation by executive action of costs of operating as undertaking is define as
a) cost centre
b) cost audit
c) cost control.

iv) Sales over and above break-even sales are known as
a) Margin of safety
b) Sales mix
c) Key factor.

v) The price which includes cost of sales plus a margin of profit or minus loss if any, is called
a) selling price
b) works cost
c) total cost.

vi) In Textile Industry which costing method is applied ?
a) multiple costing
b) contract costing
c) process costing.

vii) Which is as a variable is the reflection of a number of internal and external conditions which exert influence on sales revenue costs ?
a) Cost
b) Profit
c) B.E.P.

viii) In garment industry before the costing process starts the design room needs to check and approve the basic viability of the
a) marker of the garment
b) sample garment
c) pattern of the garment.

ix) In apparel industry the labour cost & management, marketing, finance, insurance, warehousing, rent and utilities are incurred in running the company comprises as
a) General overhead
b) Factory overhead
c) Direct overhead.

x) The full form of ICWA is
a) the Institute of Cost and Works Accountants
b) the Investigation of Cost and Works Accountants
c) the Institute of Cost and Works Accounting.

GROUP – B : ( Short Answer Type Questions )
Answer any three of the following :   3 × 5 = 15
2. Define Budget. What are fixed and flexible budgets ?
3. In normal circumstances which factors are originates the profitability in apparel design section ?

4. Calculate the P/V ratio and break-even point from the following particulars of a garment industry :
Sales Rs. 5,00,000
Fixed cost Rs. 1,00,000
Profit Rs. 1,50,000

5. Explain the term ‘Break-Even Point’. Give an example to illustrate your answer.
6. What is Contribution ? How is it related to “Profit” ? What are the essential features of a successful budgetary control ?

GROUP – C : ( Long Answer Type Questions )
Answer any three of the following : 3 × 15 = 45
7. Define cost ? Distinguish between costing of cost accounting. What are the objectives of a good costing system ?

8. Define and explain :
a) Job costing
b) Batch costing
c) Process costing
d) Contract costing
e) Multiple costing.

9. What do you mean by marginal revenue ? Clear out the relation between marginal revenue & average revenue ?
10. Write the details of cost behavioural pattern in the apparel industry. For the following industries suggest suitable methods of costing. Give reasons for supporting your suggestion.
a) Readymade Garment Industry
b) Textile Industry.

11. Define cost unit. Give five examples of cost unit applicable to different industries. What is a cost centre ? Explain various types of it.

Apparel Costing – 2010 :
Time Allotted : 3 Hours
Full Marks : 70
** The figures in the margin indicate full marks.
** Candidates are required to give their answers in their own words as far as practicable.
Note : Graph sheet is to be supplied by institution.

GROUP – A : ( Multiple Choice Type Questions )
1. Choose the correct alternatives for the following : 10 × 1 = 10
i) Which costs can be identified with and allocated to cost centres or cost units ?
a) Material costs b) Direct labour costs
c) Indirect labour costs d) None of these.

ii) Where similar articles are manufactured in batches either for sale or for use within the undertaking is called
a) Job costing b) Multiple costing
c) Batch costing d) Both (a) and (b).

iii) Which costing system is differentiating between fixed costs & variable costs and the effect on profit of the changes in volume ?
a) Absorption costing b) Standard costing
c) Uniform costing d) None of these.

iv) Pick the correct full form of GMROI :
a) Gross Margin Return On Inventory
b) Garment Manufacturing Resources & Object Index
c) Gross Margin Realization On Inventory
d) Garment Marketing & Review Of India.

v) Insurance & Property taxes are included in
a) Variable cost b) Fixed cost
c) Total cost d) both (b) and (c).

vi) In garment industry which costing system is followed ?
a) Operating costing b) Multiple costing
c) Batch costing d) Job costing.

vii) In the Break-even analysis graph the Total Cost Curve runs parallel to
a) Total Revenue Curve b) Fixed Cost Curve
c) Variable Cost Curve d) None of these.

viii) The total of three elements like, indirect labour, indirect materials and expenses is called
a) General overhead b) Factory overhead
c) Total cost d) none of these.

ix) In case of a perfectly Inelastic Demand Curve (Zero Elasticity), the angle of intersection between Price Curve & Demand Curve is
a) 45° b) 90°
c) 30° d) 60°.

x) “Marginal Costs are not affected by the changes in Fixed Cost.”
a) True b) False

GROUP – B : ( Short Answer Type Questions )
Answer any three of the following : 3 × 5 = 15
2. Describe a designer’s role to preparation of a garment costing by showing a chart in garment industry. 2 + 3
3. Define and explain the terms (a) Cost units and (b) Cost Control. 2½ + 2½
4. Write Short notes on
a) Margin of safety in the context of Break-even analysis curve
b) CMT vs LDP. 2½ + 2½
5. What do you mean by Revenue and Marginal Costs ? Briefly explain a typical Marginal Cost Curve and derive the mathematical expression of Marginal Cost. 2 + 3