IGNOU Solved Assignments Free PDF Download 2020-21 ECO 10
Assignment is given 30% weightage in the final assessment. To be eligible to appear in the Term- End Examination, it is compulsory for you to submit the assignments as per the schedule. Before attempting the assignments, you should carefully read the instructions given in the Programme Guide.
Q1. Describe the factors to be considered before installing a system of costing in an organization. Also explain the requisites of an effective system of costing.
Q2. Define 'material control'. What are its objectives? Describe its advantages and basic requirements.
Q3. What are the main methods of pricing? Explain the First in First out method. In a factory, the following purchase and issues were made during the month of Account January, 1988. Prepare the stores Ledger Account under FIFO method.
| Date | Purchase Units | Rate(Rs.) | Issue |
| Jan 1 | 500 | 5 | -- |
| Jan 8 | 300 | 5.1 | -- |
| Jan 13 | -- | -- | 600 |
| Jan 18 | 400 | 5.2 | -- |
| Jan 23 | -- | -- | 300 |
| Jan 25 | 500 | 5.1 | -- |
| Jan 31 | -- | -- | 200 |
Q4. What are the distinct features of direct and indirect labour? Explain the principle of time keeping and its purpose.
Q5. Write short notes on the following:
a) Methods of absorption
b) Contract costing
c) Process costing
d) Classification of costs
