Chhatrapati Shahu Ji Maharaj University 2007 B.Com MANAGEMENT ACCOUNTING (Part III) , - Question Paper

B.Com. (Part III) Examination, 2007

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

Attempt both ques. (5 Marks each)

Q1: From the subsequent info obtain out break-even point :
Rs.
Variable Cost 30
Fixed Cost 50,000
Selling price per unit 40

Q2: Hours Rate(Rs.)

Standard 200 40
true 300 30


(Section-B)

Attempt any 15 ques. (2 Marks each)

Q3: What is Material Variance ?
Q4: discuss the difference deiween marginal costing and differential costing.
Q5: explain the utility of break-even point.
Q6: What is meant by Flexible Budget?
Q7: What is Standard Costing ?How does marginal cost differ from total cost ?
Q8: What is Cash Budget ?
Q9: What is Management Accouting?
Q10:Explain the limitations of the financial statements.
Q11:Explain the meaning of Fund Flow Statement.
Q12:Stock Turnover Ratio is three times,Average stock is Rs. 1,00,000.Profit earned is 15% of cost.Calculate cost of goods sold.

Q13: The balance of fixed assets (Plant and Mchinery)of G.M. Company at cost at the end of 2005 and 2006 were Rs. 6,00,000 and Rs. 8,20,000 respectively.Depreciation for the year amounting to Rs. 60,000.
Prepare plant and machinery accout.

Q14:Calculate cash from operation from the follwing information:
Rs.
Net Profit 3,20,000
Opening stock 50,000
Closing Stock 80,000

Q15: obtain out break even point from the subsequent informations:
Rs.
Variable Cost 3,60,00
Fixed Cost 2,64,000
Selling price per unit 6,60,000
Units sold 66000

Q16: Usha Garment Industry current the subsequent informtion:
As per standard be used for manufacturing 1 shirt,cloth two metres@Rs.100 should be used .In the year 2006,8000 shirts wre manufactured and clothes was used 17000meters @Rs. 90 per metre.Find out material cost variance.

Q17: compute P/V Ratio from the follwing:
Year Sales Profit(+)Loss(-)
2005 1,50,000 (-)15,000
2006 3,00,000 (+)20,000

Q18:Standard 10 hour, Rate Rs. 20
true : 15 hours ,Rate Rs.15
compute
(i)Lbour cost variance
(ii)Lbour rate variance

Q19:Calculate current liabilities if current assets are Rs.1,00,000 and current ratio is 2.5 times.

Q20: If current ratio is three times and current liabilities are Rs. 80,000 compute current assets.

Earning:   Approval pending.