Chhatrapati Shahu Ji Maharaj University 2009 B.Com MANAGEMENT ACCOUNTING (.III) - Question Paper

B.Com. (Part III) Examination, 2009

MANAGEMENT ACCOUNTING (Maximum Marks: 50)

(Section-A)

Attempt both ques. (5 Marks each)

Q1: obtain out break-even point from the subsequent information’s:
Rs.
Fixed Cost 60,000
Variable Cost 44,000
Sales 1,10,000
Units sold 22000
Q2: compute (i) Labour Cost variance and (ii) Labour Rat variance from the subsequent informations :
Hours Rate(Rs.)
Standard 80 1.00
true 90 1.10


(Section-B)

Attempt any 15 ques. (2 Marks each)

Q3: discuss the objective of Management Accounting.
Q4: What do you understand by’ interpretation of financial statement’?
Q5: discuss the ‘Current Assets.
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:Explain 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:
Profit Rs.15,000
P/V Ratio 40%

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.