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

(Section-C)

Attempt any one ques. (10 Marks)

Q21: What is Fund Flow StatementHoe does it differ from balance sheet?
Q22: What is Cash Flow Statement? How is it prepared?
Q23: A firm provide the subsequent data :
Rs.
Fixed expenses at 50% 7,50,000
Fixed expenses when the factory is shut down 5,00,000
Additional expenses in closing down 50,000
Production at 50% activity 1000000units
Contribution per unit is Rs.5
Advice whether to run the factory or to close it down.

















































Q6: What do you mean by ‘interpretation of financial statement’ ?
Q7: How does marginal cost differ from total cost ?
Q8: What is margin of safety? How is it calculated?
Q9: What is Production Budget?
Q10: Enumerate classification of Responsibility Centers.
Q11: discuss the Efficiency Variance.
Q12: Stock Turnover Ratio is three times,Average stock is Rs. 1,00,000.Profit earned is 10% of cost.Calculate cost of goods sold.
Q13: compute Current Ratio :
Rs.
Liquid Assets 75,000
Stock 20,000
Prepaid Expenses 5,000
Working Capital 60,000
Q14: X Ltd. has current ratio4:5:1 and Acid test ratio pf 3:1.If the inventory is Rs. 12,000, obtain out its current liabilities.
Q15: compute P/V Ratio:
Year Sales (Rs.) Cost (Rs.)
2007 2, 00,000 1,40,000
2008 4,00,000 2,40,000
Q16: : compute Margin of Safety: Rs.15,000
Profit 40%
P/V Ratio
Q17: compute amount of sales for desired profit on the basis of the subsequent informations:
Fixed Cost Rs. 30,000
Desired Profit Rs. 15,000
P/V Ratio 30%
Q18: With the subsequent data for 80% capacity prepare a flexible budget for 60%:
Unit produced 800(Capacity 80%)
Material Rs. 100 per unit
Labour Rs. 50 per unit
Direct Expenses Rs. 20 per unit
Factory Expenses Rs. 50,000(40% fixed)
Administration Expenses Rs. 40,000 (60% fixed)
Q19: The estimated monthly sales for a company are as below:
Months Credit (Rs.)
January 32,000
February 56,000
March 48,000
April 80,000
May 1,00,000
June 40,000
Q20: compute Material Price Variance from the subsequent data :
true volume 22kg
Standard Price Rs. 10 per kg
true Price Rs. 9.5 per kg



(Section-C)

Attempt any one ques. (10 Marks)

Q21: describe the term fund and provide the usual sources and applications of fund.
Q22: What is Cash Flow Statement? explain its main uses and limitations.
Q23: A factory is currently running at 50% capacity produces 5000 units at a cost of Rs.90 per unit as per below:
Rs.
Materials 50.00
Labour 15.00
Factory Overhead 15.00(Rs. 6.000 fixed)
Administrative Expenses 10.00(Rs. 5.00 fixed)
The current selling price is Rs.100 per unit .At 60% working level material cost per unit increases by 2% and selling price per unit falls by 2%.At 80% working level material cost per increases by 5% and selling price per unit falls by 5%.
Estimate profit of factory at 60% and 80% working level and comment also.

Earning:   Approval pending.