Symbiosis International Education Centre 2006 Post Graduate Diploma Business Administration Management Accounting - Question Paper

are as follows : Standard cost (for 1 unit) : direct material -10 units @ Rs.1.50;
direct wages - five hours @ Rs.8/-; production overheads -5 hours @ Rs.10/-. true
(for whole activity) : direct materials -Rs.6,435/-; direct wages -Rs.16,324/-. Analysis
of variances : direct materials price variance -Rs.585/- (Adverse); direct material
usage variance -Rs.375/- (Favourable); direct wages rate variance -Rs.636/-
(Favourable); direct wages efficiency variance -Rs.360/- (Adverse); production
overheads expenditure variance -Rs.400/- (Favourable) and production overheads
quantity variance -Rs.750/- (Favourable). You are needed to compute the amount of
production overheads incurred.
a) Rs.16,900/-
b) Rs.19,600/-
c) Rs.20,750/-
d) Rs.17,250/-
Ans.
49. The process of accounting split into 3 steams i.e. financial, cost, management
accounting.
a) actual
b) false
Ans. A
50. select all that apply
The productive causes of idle time are :-
a)____ Instructions are not clearly provided
b)____ Power failures
c)____ Machine breakdown
d)____ Excess machine capacity
Ans.a b c
51. 1) Financial statements are basically in 2 forms i.e. profitability statement and
balance sheet.
a) actual
b) false
Ans. A
MANAGEMENT ACCOUNTING ASSIGNMENT ques.
Re-order level should be higher than ________________but lesser than maximum stock level.
Annual requirement;Monthly requirement;Average stock level;Minimum level
Ans. mini
2. Match the following:
1. Debit side of bank book is
overcast (1 ) 1. Overdraft as per bank book <
over draft as per pass book
2. Interest on debentures directly credited by bank (5 ) 2. Overdraft as per bank book
= Balances per pass book
3. Received sanction for a loan of
Rs.10 lakhs ( 2) 3. Overdraft as per bank bank book = Overdraft as per pass book
4. Closed the account with State Bank of India (2 ) 4. Henceforth, there shall
be no difference in overdraft balances
5. Overdraft as per bank book >
Overdraft as per pass book
6. Henceforth, there shall be
maximum differences in overdraft balances
3. Match the following:
1. Plan of investment in fixed assets (2) 1. Capital Expenditure Budget
2. Plan for surplus/shortage of cash (3) 2. Income and expenditure budget 3. Operating income (1) 3. Revenue expenditure budget

Earning:   Approval pending.