Management Accounting Question Paper 2024
Gauhati University BCOM 5th SEM CBCS Pattern
4 (Sem-5/CBCS) COM HE 1 (MA)
COMMERCE (Honours Elective)
Paper: COM-HE-5016 (Management Accounting)
Full Marks: 80
Time: 3 hours
The
figures in the margin indicate full marks for the questions.
1. (a) State whether
the following statements are ‘true’ or ‘false’: 1x5=5
(a) Management Accounting deals with both quantitative and qualitative information.
(State whether the statement is True or False)
(b) Define Management Accounting.
(c) ________ ratio is useful for measuring the short-term liquidity.
(Fill in the blank)
(d) Sale of fixed assets for cash will improve the current ratio. (State
whether the statement is True or False)
(e) What do you mean by cash budget?
(f) State the meaning of budgetary control.
(g) Contribution is the difference between the sales and the total cost
of sales. (State whether the statement is True or False)
(i) The difference between actual cost and standard cost is known as: (Choose
the correct answer)
(a) variance
(b) profit
(c) differential cost
(d) loss
(j) State the meaning of standard cost.
2. Give brief answers to the following questions: (2 × 5 = 10 marks)
(a) Mention two limitations of standard costing.
(b) Write a brief note on margin of safety.
(c) Write any two objectives of Management Accounting.
(d) Mention two objectives of Financial Statement Analysis.
(e) What is current ratio?
3. Answer the following questions: (any four) (5 × 4 = 20 marks)
(a) Explain briefly the scope of Management Accounting.
(b) Describe briefly liquidity ratios used to measure the liquidity of a
firm.
(c) State the basic characteristics of marginal costing.
(d) Explain briefly labour cost variance.
(e) Write the distinctions between fixed budget and flexible budget.
(f) Write a brief note on comparative statements.
4. Answer the following questions: (any four) (10 × 4 = 40 marks)
(a) Explain different tools and techniques of Management Accounting in
the areas of decision-making.
(b) Write any five limitations of Management Accounting. How does
Management Accounting differ from Cost Accounting? (5 + 5 = 10 marks)
(c) "Marginal costing technique is a valuable aid to management in
taking many managerial decisions." Explain the statement with reference to
managerial application of marginal costing.
(d) (i) The following information of a company is given below: (5 marks)
Current Ratio = 2.8
Acid-Test Ratio = 1.5
Working Capital = 1,62,000
Find out Current Assets, Current Liabilities and Liquid Assets.
(ii) How is the Common Size Statement different from Comparative
Statement? (4 marks)
(e) Following are the information obtained from the books of Bajaj India
Ltd.: (2 × 5 = 10 marks)
Fixed Cost = 1,60,000
Sales = 100 per unit
Variable cost = 90 per unit
Calculate:
(i) P/V Ratio
(ii) Break-even sales
(iii) Break-even units
(iv) Sales to earn a profit of 40,000
(v) Profit when sales are 20,00,000
(f) From the following data, prepare a cash budget for the three months
April to June, 2023 of an organisation: (10 marks)
|
Month |
Sales (₹) |
Purchases (₹) |
Wages (₹) |
Sundry Expenses (₹) |
|
February |
1,20,000 |
80,000 |
10,000 |
7,000 |
|
March |
1,30,000 |
78,000 |
12,000 |
9,000 |
|
April |
70,000 |
1,00,000 |
8,000 |
5,000 |
|
May |
1,16,000 |
1,03,000 |
10,000 |
10,000 |
|
June |
85,000 |
80,000 |
8,000 |
6,000 |
Further Information:
(i) 10% of sales is realised in the month of sale and the balance is
realised equally in two subsequent months.
(ii) Creditors allow a credit of one month.
(iii) 20% of the wages of a month remains as arrear which is paid in the
following month.
(iv) Sundry expenses are paid in the month itself.
(v) Income tax 20,000 and dividends 12,000 are payable in June.
(vi) Cash in hand on 1-4-2023 was 40,000.
(g) From the following information regarding a standard product,
calculate: (4 + 3 + 3 = 10 marks)
(i) Labour cost variance
(ii) Labour rate variance
(iii) Labour efficiency variance
Hours per unit = 10
Units produced = 500
Hours worked = 6000
Actual Labour cost = 2,400
(h) The standard materials required for producing 100 units is 120 kgs.
A standard price of 0.50 paise per kg is fixed and 2,40,000 units were produced
during the period. Actual materials purchased were 3,00,000 kgs at a cost of 1,65,000.
Calculate: (4 + 3 + 3 = 10 marks)
(i) Material cost variance
(ii) Material price variance
(iii) Material usage variance
Also Read Management Accounting Solved Papers Gauhati University
Management Accounting Solved Papers' 2012
Management Accounting Solved Papers' 2013
Also Read: Management Accounting Question Papers Gauhati University B.Com
Management Accounting Question Paper' 2012
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