All India Management Association (AIMA) 2007 M.B.A Marketing Management Accounting for ision Making - II - Question Paper
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(b) Rs. 24.000 lakh
(c) Rs. 4.725 lakh
(d) Rs. 37.500 lakh
(e) Rs. 8.644 lakh.
( 2 marks)
16. The subsequent is an excerpt from the income statement of Sai Ltd. for a period:
Particulars Rs.
Sales 1,00,000
Provision for tax 4,000
Interest on bank overdraft 2,000
Operating expenses 60,000
Excise duty 5,000
Value added by manufacturing is
(a) Rs.39,000
(b) Rs.35,000
(c) Rs.33,000
(d) Rs.29,000
(e) Rs.57,000.
( 2 marks)
17. Which of the subsequent statements is false in respect of full cost pricing and contribution margin pricing?
(a) These cannot be considered as competing with every other
(b) In both the methods, the selling prices proposed must be only tentative and they are always subject to adjustments
(c) Fixed costs are important in both the pricing models
(d) In both the methods, a normal mark-up on total costs is made and the quantity of production is taken into consideration
(e) They represent to a certain degree, cost plus pricing.
( 1 mark)
18. Bill James Ltd. manufactures 1,200 units of product PC during the year 2007-08. The variable cost per unit and fixed costs per annum are Rs.35 and Rs.45,000 respectively. If the company expects an annual profit of Rs.30,000, the mark-up percentage on variable cost is
(a) 107.14%
(b) 178.57%
(c) 278.57%
(d) 171.43%
(e) 207.14%.
( 2 marks)
19. Hansley Ltd. has furnished the subsequent data for the month of September 2008:
Particulars Rs.
Sales 2,75,000
Fixed expenses 61,671
Direct materials 97,600
Direct labour 79,450
Direct expenses 14,075
The Profit-Volume ratio of the company is
(a) 45.52%
(b) 33.33%
(c) 30.50%
(d) 25.00%
(e) 35.05%.
( 2 marks)
20. If the sales of Precious Ltd. for 2 consecutive years were Rs.64,000 and Rs.72,000 respectively and profits for the identical years were Rs.8,000 and Rs.11,200 respectively, the fixed cost of the company was
(a) Rs.68,000
(b) Rs.65,000
(c) Rs.50,000
(d) Rs.17,600
(e) Rs.40,000.
( 2 marks)
21. Under Subtractive Approach, which of the subsequent items is not deducted from the sales revenue for calculation of value added?
(a) Raw materials
(b) Bought-in components
(c) Wages and salaries
(d) Consumable stores
(e) Repairs and maintenance of plant and machinery.
( 1 mark)
22. If a company desires to earn a profit of 25% on selling price, the profit mark-up on cost should be
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