Bharathiar University 2008 B.Com Management Accounting - Question Paper

To Salaries 10,000 By Gross Profit 2,00,000
To Rent 3,000 By Profit on Sale
To Commission 2,000 of Machine 5,000
To Discount allowed 1,000 By Refund of Tax 3,000
To Provision for depreciation 14,000 By Dividend received 2,000
To Transfer to General Reserve 20,000
To Loss on sale of Investments 5,000
To Discount on problem of debentures 2,000
To Preliminary expenses 3,000
To Selling expenses 20,000
To Net profit 1,20,000
--------------- ------------
2,10,000 2,10,000
---------------- ------------
(or)
(b). elaborate the kinds of working capital ?

14. (a). Prepare a Marginal Cost Statement from the subsequent details:

Particulars Rs.
Variable Cost:
Direct Materials
Direct Wages
Factory Overheads

Fixed Cost:
Administrative Expenses

Total Cost
Profit
Sales
9,000
5,000
3,000
17,000

2,500
19,500
10,500
30,000












(or)
(b). obtain out profit from the subsequent data;
Sales Rs. 80,000; Marginal cost Rs. 60,000; Break even sales Rs. 60,000

15. (a). Prepare a production budget for three months ending March 31, 1999 for a factory producing four products, on the basis of the subsequent info
kind of Product Estimated Stock on
Jan.1 1999 (units) Estimated Sales during Jan-Mar’99 (units) Desired Closing Stock on Mar’31 1999 (units)
A 2,000 10,000 3,000
B 3,000 15,000 5,000
C 4,000 13,000 3,000
D 3,000 12,000 2,000
(or)
(b). From the subsequent info compute
(i). Labour Cost Variance and (ii) Labour rate variance
Standard hours 40 at Rs.3 per hour, true hours 50 at Rs.4 per hour.

part - C (5 x 8=40 Marks)
16. (a). Distinguish ranging from Financial Accounting and Management Accounting.
(or)
(b). The subsequent are the balance sheet of a concern for the year 1981 and 1982. Prepare a comparative balance sheet and study the financial position of the concern.

Earning:   Approval pending.