[Management Accounting Question Papers, Dibrugarh University, B.Com 5th Sem, General and Speciality, 2011]
Management Accounting Question Papers' 2011 (Old Course)
Dibrugarh University Question Papers
1.(a)
“Management Accounting is the presentation of accounting
information in such a way as to assist
management in the creation of
policy and in the day—to—day
operation of the undertaking”. Elucidate this statement.
Or
(b)Describe
the role of Management Accounting in modern business world. How does it differ
from cost Accounting?
2. (A)
from the following data, calculate:
(I)Break—even
point Expressed in amount of sales in rupees.
(ii)New
break –even point if selling price is reduced by 20%.
(iii) How
many units must be sold to earn a net income of 10% on sale?
|
Selling
price (per unit)
Variable
cost (per unit)
Fixed
cost
|
Rs.
20
Rs.
12
Rs.
2, 40,000
|
(b) An automobile manufacturing
company finds that while the cost
of making its own workshop part
No.0024 is RS 6.00 each ,the same is available in market at Rs 5.60
with an assurance of continuous Supply.
Write a
report to the Managing Director giving your views whether to make or buy this
part .Give also your views in case the suppliers reduce the price from 5.60 to
Rs 4.60 the cost data is as follows:
|
Materials
Direct
labour
Other
variable cost
Depreciation
and other Fixed cost
|
2.00
2.50
0.50
1.00
|
|
Total
Cost
|
6.00
|
Or
“Marginal
costs are primarily used in guiding decisions yet to be made.” Explain the
statement giving examples.
3. (A) XYZ
Ltd. Have prepared the budget for the production of 60000 units of the only
commodity manufactured by them for the costing period as under:
|
Raw
material
Direct
labour
Direct
expenses
Works
overhead (60% fixed)
Administrative
overhead (80% fixed)
Selling
overhead (50% fixed)
|
2.52
(RS. In lakh)
0.75 ””
0.10 ””
2.25 ””
0.40 ””
0.20””
|
THE actual
production during the period was only 40000 units. Calculate the revised budgeted
cost per unit.
Or
(b) What
do you mean by cash budget? What are its advantages? How is it prepared?
4. The
following information was obtained from the record of a manufacturing unit using
standard costing system:
Actual
overhead ---- Rs 1,800
Budgeted
overhead ----Rs 2,000
Budgeted
period ---- 4000 labour hours
Standard
per unit ---- 10 labour hours
Budgeted
number of days ---- 20
Standard
overhead per hour----- Re 0.50
Actual
number of days ---22
Actual
hours ----4300
Actual production ----425 units
Calculate---------
(a)
Expenditure variance ;
(b)
Calendar variance;
(c)
Capacity variance ;
(d)
Efficiency variance
(e)
Volume Variance.
Or
What do
you understand by the term variance and variance Analysis? Explain the
importance of variance Analysis.
Also Read: Management Accounting Question Papers
5.
Following are the summarized Balance sheet of Amcor as on 31st
December, 2008 and 2009:
|
Liabilities
|
Amount
|
Assets
|
Amount
|
||
|
2008
|
2009
|
2008
|
2009
|
||
|
Share
capital
General
Reserve
Profit
&loss A/c
Bank
loan (Long—term)
Creditors
Provision
for tax
|
200000
50000
30500
70000
150000
30000
|
250000
60000
30600
-------
135200
35000
|
Land and
Building
Machinery
Stock
Debtors
Cash
Bank
Goodwill
|
200000
150000
100000
80000
500
----------
----------
|
190000
169000
74000
64200
600
8000
5000
|
|
|
530500
|
510800
|
|
530500
|
510800
|
Additional
Information:
I.
Divided of RS 23,000 was paid
II.
Assets of another company were purchased for a
consideration of RS 50,000 payable in shares. The following was further purchased:
Stock -----Rs 20,000
Machinery --- Rs25, 000
III.
Machinery was further purchased for Rs 8,000
IV.
Depreciation written off on machinery RS
12,000
V.
Income tax provided during the year RS 33,000
VI.
Loss on sale of machine RS 200 was written off
to General Reserve. Prepare a cash flow Statement from the above.
Or
What is
the purpose of preparing a cash Flow Statement? How is it prepared?