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DRIVE SPRING 2016
PROGRAM BBA
SEMESTER IV
SUBJECT CODE &
NAME
BBA 402
MANAGEMENT ACCOUNTING
Q1. Differentiate between :
a) Standard Costing and Budgetary Control
b) Estimated Cost, Historical Cost and Standard Cost
Answer: a) Standard
Costing and Budgetary Control
Although budgetary control and standard costing both are
based on some common principles, both are pre-determined, and a comparison will
be made with the actual costs and both system need a revision of the
Q2. a) Product X is estimated to require 20 hours per unit. The
standard rate per hour is Re.1. During a month 2000 units were produced. For
this 38,000 hours were taken at Rs. 1.05 per hour. Calculate the variances.
b) In this illustration, if it is assumed that 100 hours is lost due to
breakdown of machinery, calculate the necessary variances.
Answer: Calculation
of labour variances
Standard hours x standard rate =
total Actual hour x actual rate = total
2000*20 = 40000 * 1 = 40000 38000 * 1.05 = 39900
A) a) Labour cost variance
= 40000 – 39900
Q3. If : S.P (p.u.) Rs. 100, V.C. (p.u.) Rs. 50,
Total Fixed Cost : Rs. 1, 00, 000
Find : i) BEP
ii) P/V Ratio
iii) Sales required to earn profit of Rs. 50,000
iv) New BEP if S.P. is reduced by 15 % due to competition.
Answer: contribution
= s.p – v.c
= 100-50
=50
i)
BEP
Q4. Given the Balance Sheet of a Company as under :
|
Liabilities
|
Rs.
|
Assets
|
Rs.
|
|
Equity shares of Rs. 10 each
|
10,00,000
|
Fixed Assets
|
15,00,000
|
|
General Reserves
|
2,00,000
|
Stock
|
5,00,000
|
|
7 % Debentures
|
3,00,000
|
Receivables
|
4,00,000
|
|
Term Loan from X Bank
|
5,00,000
|
Cash
|
1,00,000
|
|
Overdraft
|
2,00,000
|
|
|
|
Creditors and Bills
|
3,00,000
|
|
|
|
|
25,00,000
|
|
25,00,000
|
Calculate :
i) Current ratio
ii) Quick ratio
iii) Debt-equity ratio
iv) Proprietary ratio
v) Solvency ratio
Answer: i) Current
Ratio
Current ratio = Current Assets/ Current Liabilities
Current Assets = Stock+ Receivables+ Cash
=
5,00,000+4,00,000+1,00,000
Q5. What are the uses and limitations of a Cash Flow Statement?
Answer: Uses of
Cash Flow Statement
By creating a cash flow budget, we can project the
sources and applications of funds for the future periods. We can identify any
cash deficit periods in advance so that we can take corrective actions in
Q6. What is Transfer Pricing? Explain Transfer pricing options.
Answer: Transfer
pricing is an important area of management accounting. Many departments are
involved in the production of a product in a manufacturing company. When the
products are sold, the company earns revenue and adds it to profits. If each
department is considered separately as a profit centre, we have to assign a
price for the movement of goods between
Get
fully solved assignment. Buy online from website
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drop a mail with your sub code
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700/semester only.
if urgent then call us on 08791490301, 08273413412
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