Saurastra University 2006 B.Sc Information Technology Financial Accounting & Management (Part - II) - Question Paper
SP-1946 Seat No._
*SP-1946*
B. Sc. (IT) (Sem. - II) Examination April / May - 2006 Financial Accounting & Management (Part - II)
Time : 3 Hours] [Total Marks : 100
Instructions : (1) Each question carries equal 20 marks.
(2) Show Necessary Calculations.
1. Marginal Costing is essentially a technique of Cost Analysis and Cost Presentation Evaluate statement with reference to the application, merits and demerits of Marginal Costing. 20
OR
1. The following information is available of Krishna Ltd.: 20
Selling Price Per Unit Rs. 150.
Variable Expenses Per Unit Rs. 90 Fixed Expenses Rs. 9,00,000.
(a). Calculate Break-Even Point.
(b). Calculate Profit-Volume Ratio.
(c). Find out how many units the company has to sell to earn a profit of Rs.6,00,000.
(d). If Selling Price is decreased by 20 %, find out New Break-Even Point.
2. Cost Accounting is an unnecessary luxury for Business Established Evaluate the statement
critically. 20
OR
2. From the following information of Radha Ltd. prepare a Statement showing (A) Prime Cost, (B) Works Cost (C) Cost of Production (D) Cost of Sales and (E) Net Profit. 20
|
Particulars |
Amount Rs. |
Particulars |
Amount Rs. |
|
Opening Stock: Raw Materials Finished Goods |
24000 16000 |
Closing Stock: Raw Materials Finished Goods |
20000 17000 |
|
Raw Materials Purchased |
82000 |
Bed-Debts |
500 |
|
Office Rent, Rate & Tax |
7000 |
Sales |
190000 |
|
Direct Wages |
32000 |
Power Coal |
5000 |
|
Factory Wages |
1000 |
Printing- Stationery |
1000 |
|
Carriage Inward |
2000 |
Salesmens Salaries |
3000 |
|
Factory Rent & Taxes |
2000 |
Advertisement |
2000 |
|
Depreciation on Plants |
3000 |
Carriage Outward |
1500 |
|
Office-Salaries |
13000 |
Postage- Telegram |
2000 |
3. Standard Costing is helpful in crucial Management Decisions especially for Cost Reduction, Operating Performance, Evaluation and Product Pricing Decisions Are you agree with the statement ? Give your arguments in support of your answer. 20
OR
3. The following information of Gopi Ltd. relating to product XYZ during the month of March 2006 is available. You are required to compute the Material and Labour Cost Variances. 20 Standard Cost Per Unit: Actual Cost Per Unit:
Materials 50 kgs. @ Rs.40 per Kgs. Materials 4,900 kgs. @ Rs.42 per kgs. Labour 400 Hours @ Rs. 1 per Hour. Labour 39,600 Hours @ Rs. 1.10 per Hour.
Actual Production - 100 Units.
4. What do you mean by Break Even Analysis? Prepare a BEP Chart and show Angle of
4. The following information is obtained from the records of Krishna Ltd. 20
SP-1946] 2 [ 7-9/300 ]
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Attachment: |
| Earning: Approval pending. |
