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BBA402
Spring 2017
1. What are the advantages and limitations
of Budgetary control?
Advantages of Budgetary Control
Limitations of Budgetary Control
Answer: Some advantages of budgetary control are:
Ø Maximisation of profit – Budgetary control increases a company’s profits by proper planning and
co-ordination of different functions. It also helps to achieve a control over
capital and
Q2. Explain the method to prepare
a Fund Flow Statement. Give an example of Fund Flow Statement.
Method of preparing Fund Flow
Statement
Example of a Fund Flow Statement
Answer:
The following is the procedure for preparing fund flow statement as
depicted in Table.
- Determine the increase or decrease in working
capital by preparing a statement of changes in
3.
The standard material cost of producing each unit of
product K is as follows :
4.8 kg of material @ Rs. 5 per
kg.
Actual material cost of producing
200 units of product K is as follows:
1,200 kg of material costing Rs.
4,800.
Compute :
(i) Material Cost Variance
(ii) Material Price Variance
(iii) Material Usage Variance
From the above particulars, compute :
(i) Material Cost Variance
(ii) Material Price Variance
(iii) Material Usage Variance
Answer: Computation
of:
Materials Standard cost Total
Actual cost Total
Units price (Rs.) Units
Price (Rs.)
K 960 5 4800 1200 4 4800
Material Cost Variance
Material cost variance = Standard cost of
materials – Actual cost of materials used
4 From the following information
prepare a Balance Sheet. Show the working.
(a) Working Capital Rs. 75,000,
(b) Reserves and Surplus Rs. 1,00,000, (c) bank Overdraft Rs. 60,000, (d)
Current Ratio 1.75, (e)Liquid Ratio 1.15, (f) Fixed Assets to Proprietor’s
funds 0.75, (g) Long term Liabilities Nil
From the above particulars, prepare the
Balance Sheet. Show workings
Answer:
|
Liabilities
|
Amount
|
Assets
|
Amount
|
|
Proprietors funds
Reserves and surplus
Bank overdraft
Current liabilities
|
y-75000
100000
60000
40000
|
Fixed assets
Current assets
Stock
|
y
115000
60000
|
|
|
175000+y
|
|
175000+y
|
Q5. 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 departments. This
helps us in
Q6. 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
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