Management Accounting Question Paper 2021 (Held in 2022) [Assam University B.Com 5th Sem Question Paper]

 Assam University B.Com 5th Sem Question Paper CBCS Pattern
2021/TDC (CBCS)/ODD/SEM/COMDSE-501T (A) /349
TDC (CBCS) Odd Semester Exam, 2021
Held in March, 2022
COMMERCE (5th Semester)
Course No.: COMDSE-501T (A)
(Management Accounting)
Full Marks: 70
Pass Marks: 28
Time: 3 hours
The figures in the margin indicate full marks for the questions

Management Accounting Question Paper 2021


Answer any twenty of the following as directed:                                 1x20=20

1. Management Accounting provides decision to the management. (Write True or False)

2. Management Accounting is based on _______ information. (Fill in the blank)

3. Financial Accounting deals with _______ data. (Fill in the blank)

4. Publication of Management Accounting statements is not compulsory. (Write True or False)

5. The use of Management Accounting is

(a) compulsory.

(b) optional. (Choose the correct answer)

6. Budgets are blueprints for action. (Write True or False)

7. Budgets are shown in _______ terms. (Fill in the blank)

8. A fixed budget is preferable to flexible budget. (Write True or False)

9. Name two types of budgets.

10. What is sale budget?

11. Material usage variance = material mix variance + _______. (Fill in the blank)

12. Idle time variance = Idle hours x actual Rate. (Correct the formula)

13. What is the main purpose of standard costing?

14. What is Historical Cost?

15. Variance analysis is foundation of standard cost. (Write True or False)

16. Contribution is also known as Gross Margin. (Write True or False)

17. What is an angle of incidence?

18. P/V ratio can be improved by reducing _______. (Fill in the blank)

19. Give marginal cost equation.

20. What is contribution?

21. Fixed cost are not taken into consideration in differential cost analysis. (Write True or False)

22. What is Relevant Cost?

23. What is decision making?

24. Mention two methods of pricing decision.

25. What is make or buy decision?


Answer any five of the following questions:                          2x5=10

26. Define Management Accounting.

27. Write two duties of a Management Accountant.

28. Name four types of functional budget.

29. Define Cash Budget.

30. What is meant by Variance Analysis?

31. Write two limitations of standard costing.

32. What is Cost-Volume-Profit Analysis?

33. Define margin of safety.

34. Write two factors influencing make or buy decision.

35. What are the two benefits of relevant costs?


Answer any five of the following questions:                          8x5=40

36. Write in detail the nature and scope of Management Accounting.                      4+4=8

37. Distinguish between cost control and cost reduction.

38. Distinguish between fixed budget and flexible budget.

39. With the following data for 60% capacity, prepare a budget for Pankaj Kumar Tiwari & Co. having production at 80% and 100% capacity:

Production at 60% activity

600 units


Rs. 100 per unit.


Rs. 40 per unit.


Rs. 10 per unit.

Factory Expenses

Rs. 40,000 (40% fixed).

Administration Expenses

Rs. 30,000 (60% fixed).


40. Explain the steps in the implementation of standard costing in an organization.

41. (a) Write the reasons behind material price variance.

(b) Standard time and rate for unit component ‘z’ are given below:

Standard hours per unit


Standard rate

Rs. 4 per hour.

The actual data and related information are:

Planned production

1200 units.

Actual production

1000 units.

Actual hours

15300 hours.

Actual rate

Rs. 3.90 per hour.

Calculate Labour Cost Variance.                                   4+4=8

42. Outline the differences between absorption costing and marginal costing.

43. The sales turnover and profit during two years were as follows:


Sales (Rs.)

Profit (Rs.)







You are required to calculate:

(1) P/V ratio.

(2) Sales required to earn a profit of Rs. 40,000.

(3) Profit when sales are Rs. 1,20,000.

44. Discuss the factors influencing pricing decisions.

45. The components of an item are manufactured by another unit under the same management. The unit at present manufactures 1,00,000 units at the following costs:











Labour is paid @ Rs. 2 per unit, the fixed DA and Other allowances monthly. The components required by the main factory are to be increased by 20%. The components factory can increase production upto 25% without any additional labour force. Overheads are variable to the extent of 25% of the present amount. The additional requirement may be purchased from the market at Rs. 8.50 per unit. Suggest which will be better decision for management.

Also Read: Assam University B.Com 5th Sem Question Papers

1. Management Accounting: 2020 2021
2. Fundamentals of Financial Management: 2020
3. Principles of Marketing: 2020  2021
4. Human Resource Management: 2020
5. Auditing and Corporate Governance: 2020
6. Financial Market, Institutions and Financial Services: 2020  2021
7. Advertising: 2021 


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