Get
fully solved assignment. Buy online from website
online
store
or
plz
drop a mail with your sub code
we
will revert you within 2-3 hour or immediate
Charges rs 125/subject
DRIVE SPRING 2017
PROGRAM MBA
SEMESTER I
SSUBJECT CODE &
NAME
MBA104
FINANCIAL AND MANAGEMENT ACCOUNTING
1 Rainbow Ltd. sold goods for Rs. 30,00,000 in a year. In that year,
the variable costs were Rs. 6,00,000 and fixed costs were Rs. 8,00,000. Find
out:
i) MCSR or P/V Ratio
ii) Break-even sales
iii) Break-even sales, if the selling price was reduced by 10 % and
fixed costs were increased by Rs. 1,00,000.
Answer: i) It expresses the relationship between
contribution and sales. It is also termed as Marginal Contribution Sales Ratio
(MCSR).
Profit
2 “The method of costing depends on the nature of the product,
production method and specific business conditions”. Enumerate giving examples.
The different methods of costing and examples
Answer: Methods
of Costing
Costing refers to the techniques and processes
of determining costs of a product manufactured or a service rendered. The
method of costing depends on the nature of product, production method, and
specific business conditions.
The different
3 A company making for stock in the first quarter of the year 2017 is
assisted by its bankers with overdraft accommodation. The following are the
relevant budget figures:
Sale (Cr.) Rs. Purchases
(Cr.) Rs. Wages &Expenses (Cr.) Rs.
November 2016 1,20,000 83,000 10,000
December 2016 1,28,000 96,000 10,000
January 2017 72,000 1,62,000 11,000
February 2017 1,16,000 1,64,000 10,000
March 2017 84,000 40,000 12,000
Given the following further information you are required to prepare a
Cash Budget for the quarter January to March 2017, showing the budgeted amount
of bank facilities required, if any, in each month end:
a) Budgeted cash at bank on 1st January 2017 Rs. 20,000
b) Credit terms of sales are payment by the end of the month following
the month of supply. On average one half of sale are paid on due date, while
the other half are paid during the next month. Creditors are paid during the
month following the month of supply.
c) Wages and expenses are paid twice a month on 1st and 16th
respectively.
From the above information prepare a Cash
Budget for the quarter January to March 2017, showing the budgeted amount of
bank facilities required, if any, in each month end.
Assignment Set -2
1 1 ton of material input yields standard output of 1,00,000 units.
The standard price of material is Rs. 20 per kg. The actual quantity of
material use is 10 tons and the actual price paid is Rs. 21 per kg. Actual
output obtained is 9,00,000 units. Compute Material Variances.
From the above find:
i) Material Cost Variance
ii) Material Price Variance
iii) Material Usage Variance
Answer: Computation
of Material Variances
Budgeted (100000) Standard
(900000) Actual (900000)
Ton Rate Amount Ton
Rate Amount
Ton Rate Amount
1 20 20 9 20 180 10 21 210
(i)
Material Cost Variance
It is the difference between the standard cost
of materials allowed for the actual output and the actual cost of materials
used. It may be expressed as:
= standard cost of
2 “There are errors which do not affect the Trial Balance and it is
difficult to locate them”. Do you agree ? justify your agreement/ disagreement.
Errors not disclosed by Trial Balance
Answer: Errors
not disclosed by Trial Balance
There are four errors which do not affect
trial balance and it is difficult to locate them. A brief description of the
four errors is offered in the following paragraphs.
1. Error of complete omission – Error
of omission occurs when a transaction is completely omitted from the books of
accounts.
3 From the following data prepare a Cost Sheet.
Rs.
Opening cost of Raw materials 30,000
Closing stock of Raw materials 20,000
Purchase of Raw materials 1,90,000
Sales 6,50,000
Prime Cost 4,10,000
Factory Overhead 1,20,000
Administration Overhead 90,000
10 % of the output remained unsold. There was no Direct Expenses
From the above information prepare a Cost
Sheet.
Answer: Cost
sheet
Get
fully solved assignment. Buy online from website
online
store
or
plz
drop a mail with your sub code
we
will revert you within 2-3 hour or immediate
Charges rs 125/subject
No comments:
Post a Comment