Management Accounting Question Paper' 2011 | Dibrugarh University B.Com 5th Sem Question Papers

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:
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.
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