Sikkim-Manipal University of Health Medical and Technological Sciences (SMUHMTS) 2009 B.B.A BB0012 – Management Accounting - Assignment s for spring session - Question Paper

ASSIGNMENT
BBA Semester 3
SUBJECT CODE: BB0012
CREDITS: 4
60 MARKS
SUBJECT: MANAGEMENT ACCOUNTING
SET I

ans the subsequent ques.. every ques. carries 10 marks.
1.What is ratio analysis all about? discuss the advantages and limitations of ratio analysis.

2.From the subsequent balance sheets of X company Limited on 31st Dec, 2000 and 2001, you are needed to prepare a schedule of modifications in working capital and a fund flow statement.
Liabilities
2000
Rs.
2001
Rs.
Assets
2000
Rs.
2001
Rs.
Share capital
100000
100000
Goodwill
12000
12000
General reserve
14000
18000
Building
40000
36000
Profit & loss A/c
16000
13000
Plant
37000
36000
Sundry creditors
8000
5400
Investments
10000
11000
Bills payable
1200
800
Stock
30000
23400
Provision for Taxation
16000
18000
Bills receivable
2000
3200
Provision For doubtful debts
400
600
Debtors
18000
19000



Cash at Bank
6600
15200
Total
155600
l155800
Total
155600
155800

The subsequent additional info has also been given:
a)Depreciation charge on Plant was Rs. 4000 and on building Rs. 4500
b)Provision for taxation of Rs.19000 was made during the year
c)Interim dividend of Rs.8000 was paid during the year 2001.

3. The subsequent data are related to the manufacture of a standard product during the month of December, 2004.
Raw materials consumed Rs.15000
Direct wages Rs.9000
Machine hours worked 900 hours
Machine hour rate Rs.5
Administrative overheads 20% on works overhead
Selling overheads Re.0.50 per unit
Units produced 17,100
Units sold 16000 @ Rs.4 per unit
You are needed to prepare a cost sheet from the above showing
i)The total cost per unit
ii)The profit per unit sold and profit for the period
If the profit per unit has to be 20% on selling price and the number of units produced and sold being 16000 and there are no opening or closing stock of goods, obtain out the selling price per unit and total profit
4.XYZ Products Ltd., Kanpur manufactures and sells their chemicals produced by consecutive processes. The products of the 3 processes are dealt with as under:
Process I Process II Process III
Transferred to next process 66 2/3% 60% -
Transferred to ware house for sale 33 1/3% 40% 100%
In every process, 4% of the total weight put in is lost and 10% is scrap, which from process I realizes Rs.16 per ton, from Process II Rs.40 per ton and from process III, Rs.42 per ton.
The subsequent particulars relate to July, 2007:
Raw materials used :
Process I 5600 tons at Rs.40 per ton
Process II 640 tons at Rs. 64 per ton
Process III 5040 tons at Rs.28 per ton

Earning:   Approval pending.