Tamil Nadu Open University (TNOU) 2009 M.Com Commerce Management accounting - Question Paper

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PG-228    MCO-12

M.Com. DEGREE EXAMINATION -JUNE 2009.

(AY 2004-05 batch onwards)

Commerce

First Year

MANAGEMENT ACCOUNTING

Time : 3 hours    Maximum marks : 75

SECTION A (3 x 5 = 15 marks)

Answer any THREE questions.

1.    What is Fund Flow Statement? What are its uses?

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2.    Explain the importance of marginal costing in management Decision Making.

3.    What is Standard Costing? Explain its objectives.

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4.    What are the merits and Limitations of Budgetary Control?

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5.    What are the factors which influence Capital Expenditure Decisions?

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SECTION B (4 x 15 = 60 marks)

Answer any FOUR questions.

6.    From the following information, make out a statement of proprietors fund with as many details as possible.

(a)    Current ratio - 2.5

(b)    Liquid ratio - 1.5

(c)    Proprietary ratio - 0.75

Fixed Assets '

Proprietor's Funds

V    /

(d)    Working Capital - Rs. 60,000

(e)    Reserves and surplus - Rs. 40,000

(f)    Bank overdraft - Rs. 10,000

(g)    There is no long term loan or fictitious assets.

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(d)    {Lp u - 0- 60,000

(e)    <sui_ Euflq - 0. 40,000

(f)    aiQ Gaijuupp - 0. 10,000

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7. Priya and Co. presents the following Financial Statements for 2006 and 2007. Prepare a Funds flow statement.

Balance Sheet

Liabilities	2006	2007	Assets	2006	2007
	Rs.	Rs.		Rs.	Rs.
Bills payable	4,52,000	6,28,000	Cash	1,06,000	62,000
Creditors	8,26,000	12,54,00 0	Investment	1,74,000	-
Loan from			Debtors	6,92,000	10,56,00 0
Bank	2,00,000	4,70,000	Stock	8,64,000	13,66,00 0
Reserves and			Net fixed
Surplus	13,84,000	17,28,00 0	assets	22,26,000	27,96,00 0
Share capital	0 0 ,0 0, ,0 2,	12,00,00 0
	40,62,000	52,80,00 0		40,62,000	52,80,00 0

Depreciation of Rs. 3,78,000 was written off for the year 2007 on fixed assets.

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Qupuqprn 2006 2007 QffzxU 2006 2007 0. 0. 0. 0.

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40.62.000    52,80,000    40,62,000 52,80,000

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8. Sales Rs. 1,00,000 ; Profit Rs. 10,000 ; Variable Cost 70%.

Find out :

(a)    P/V Ratio

(b)    Fixed Cost and

(c)    Sales to earn a profit of Rs. 40,000.

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(b)

(C) 40,000 Cu \un'VUuu0<snw 0uot.

9. From the following particulars, calculate :

(a)    Material price variance and

(b)    Material usage variance and

(c)    Material cost variance.

Material purchased     3000 kgs at Rs. 6 per kg

Standard quality of Material     25 kgs at Rs. 4 per kg.

fixed for one unit of finished

product

Opening stock of Material     Nil

Closing stock of Material     500 kgs

Actual output during the period     80 units

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10. Durga Ltd. plans to sell for the next year

50,000 units of a particular product. Two kinds of raw materials A and B are required for manufacturing the product. Each unit of the product requires 20 units of A and 3 units of B. The estimated opening balances at the commencement of the next year are :

Finished product - 8000 units

Raw materials - A 12,000 units, B - 15,000 units

The desired closing balances at the end of the next year are :

Finished product - 6000 units

Raw materials - A 13,000 units B 16,000 units.

Draw up a raw materials purchase budget for the next year.

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-    b 15,000 a@ot

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-    b 16,000 a@ot

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11. Each of the following projects requires a cash outlay of Rs. 10,000. You are require to suggest which project should be accepted if the standard pay-back period is 5 years.

Year : Cash inflows

	Project X	Project Y	Project Z
	Rs.	Rs.	Rs.
1	2500	4000	1000
2	2500	3000	2000
3	2500	2000	3000
4	2500	1000	4000
5	2500	-	-

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1	2500	4000	1000
2	2500	3000	2000
3	2500	2000	3000
4	2500	1000	4000
5	2500	-	-

12. (a) Calculate break-even point from the following :

Sales 1000 units at Rs. 10 each Rs. 10,000

Variable cost - Rs. 6 per unit

Fixed cost - Rs. 8,000

(b) If the selling price is reduced to Rs. 9, What is the new break - even point?

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dpuw 1000    0. 10 u 0

10,000

n-puk    - a@ jap<s0 0. 6.

|0a QffzXOT - 0. 8,000

(b)    dpuw    0. 9 b @pu, lV Cu {ll iunx?

10    PG-228

Attachment: tamil-nadu-open-university--tnou--2009-m-com-commerce-50225-1.pdf

Earning:   Approval pending.