Chhatrapati Shahu Ji Maharaj University 2008 B.Com MANAGEMENT ACCOUNTING , (Part III) - Question Paper

B.Com. (Part III) Examination, 2008

MANAGEMENT ACCOUNTING (Maximum Marks: 50)
(Section-A)

Attempt both ques. (5 Marks each)

Q1:G.M.Papers Ltd.sells their goods on cash as well as on credit
The follwing particulars extracted from their books of account for the year 2006-07;
Rs.
Total Sales 1,50,000
Cash Sales 30,00,000
Sales Return 10,50,000
Total Debtors(31-3-2007) 13,50,000
Bills Receivable(31-3-2007) 3,00,000
Provision for doubtful debts(31-3-2007) 15,00,000
Total creditors(31-3-2007) 10,00,000
compute avg. Collection period.

Q2:Calculate Break-even point from the subsequent figures extracted from the boks of G.M. Papers Ltd:
2006(Rs.) 2007(Rs.)
Sales 10,00,000 15,00,000
Profit 1,00,000 2,00,000

(Section-B)

Attempt any 15 ques. (2 Marks each)

Q3: Write a short note on the subsequent functions of Management Accounting.
Q4: Distinguish ranging from analysis and interpretation.
Q5: elaborate the limitationa of ratio analysis ?
Q6: What is Cash Flow Statement ?
Q7: Clearly discuss the importance of Fund Flow Statement.
Q8: What is break-even chart ?
Q9: What is cash budget ?
Q10:What are standard hours ?
Q11:Explain Material Mix Variance.
Q12:Calculate Lbour Rate Variance:
Hours Rate(Rs.)
Standard 10 2.00
true 15 1.50

Q13:Fin out margin of safety of Ultra Pack Ltd. from the subsequent informations:
Rs.
Fixed Cost 3,60,000
Variable Cost 2,64,000
Sales 6,60,000
Units sold 660000.

Q14:Calculate operating cash from the subsequent information:
Rs.
Net Profit 6,00,000
Creditors(as on 1-4-2006) 1,40,000
Creditors(as on 31-3-2007) 1,60,000

Q15:The balance of fixed assets of Usha Company Ltd. at cost at the end of 2006 and 2007 were Rs. 3,00,000 and Rs. 4.60,000 respectively.There is no info depreciation .Prepare fixed assets account.
Q16:If current ratio is 2.5 times and current liabilities are Rs. 1,00,000 calculte Current Assets.
Q17:Calculate current liabilities if current assets are Rs. 3,00,000 and current ratio is three times
Q18:Current ratio 3:1 ,Stock Rs.3,20,000 and Current Liabilities Rs. 6,00,000.Find out quick ratio.
Q19: Sales Rs. 2,00,000
Gross Loss Ratio 25%
avg. Stock Rs. 50,000
obtain out turnover ratio.
Q20:Calculate Net Profit Ratio from the subsequent cases:
Net Sales
Net Profit after interest

(Section-C)

Attempt any one ques. (10 Marks)

Q21:What is Management Accounting ? Distinguish Management Accounting and Financial Accounting.
Q22:Explain the term budgetary control and define the advantage of a good budgetary control in an organisation.
Q23:With the subsequent data of AAA Ltd. for 80% capacity prepare a flexible budget for 60% and 100% capacity:
Units Produced Rs. 100 per unit
Materials Rs. 50 per unit
Labour Rs. 20 per unit
Direct Expenses Rs. 50,000(40% fixed)
Factory Expenses Rs. 40,000(60% fixed)

Earning:   Approval pending.