Bachelor’s Degree Programme
(BDP)
ASSIGNMENT
2013-14
Elective Course in Commerce
ECO – 10: ELEMENTS OF COSTING
For July 2013 and January 2014 admission cycle
School of Management Studies
Indira Gandhi National Open University
Maidan Garhi, New Delhi -110 068
Elective Course in Commerce
ECO – 10: Elements of Costing
ASSIGNMENT- 2013-14
Dear Students,
As explained in the Programme Guide, you have to do one Tutor Marked Assignment in this
Course.
Assignment is given 30% weightage in the final assessment. To be eligible to appear in the Termend examination, it is compulsory for you to submit the assignment as per the schedule. Before attempting the assignments, you should carefully read the instructions given in the Programme
Guide.
This assignment is valid for two admission cycles (July 2013 and January 2014). The validity is given below:
1. Those who are enrolled in July 2013, it is valid upto June2014.
2. Those who are enrolled in January 2014, it is valid upto December 2014.
You have to submit the assignment of all the courses to The Coordinator of your Study Centre.
For appearing in June Term-end Examination, you must submit assignment to the Coordinator of your study centre latest by 15th March. Similarly for appearing in December Term-end
Examination, you must submit assignments to the Coordinator of your study centre latest by 15th
September.
TUTOR MARKED ASSIGNMENT
Course Code
Course Title
Assignment Code
Coverage
:
:
:
:
ECO - 10
Elements of Costing
ECO – 10/TMA/2013-14
All Blocks
Maximum Marks: 100
Attempt all the questions.
1.
How can you install a system of costing in an organization? What are the general factors to be considered before installing the system? What are the practical problems that come across and how to overcome them?
(20)
2.
(a) From the following information calculate:
i. Minimum Stock Level ii. Maximum Stock Level iii. Re-ordering Level
Time