All India Management Association (AIMA) 2007 M.B.A Marketing Management Accounting for ision Making - II - Question Paper
Friday, 01 February 2013 10:55Web
Page 9 of 18
(b) Rs.290
(c) Rs.305
(d) Rs.325
(e) Rs.190.
( 2 marks)
55. The subsequent info is furnished by Nowin Ltd.:
Particulars Rs.
Contribution per unit 20
Fixed cost 1,00,000
Capital employed 10,00,000
If the desired rate of return is 35% of the capital employed, the number of units to be produced and sold are
(a) 36,100 units
(b) 55,000 units
(c) 17,500 units
(d) 22,500 units
(e) 18,150 units.
( 2 marks)
56. Swami Ltd. has furnished the subsequent details:
P/V ratio 50%
Margin of safety 65% of sales
Sales Rs.37,50,000
The net profit of the company is
(a) Rs.12,18,750
(b) Rs. 9,75,000
(c) Rs. 2,15,620
(d) Rs. 3,50,000
(e) Rs.11,12,130.
( 1 mark)
57. Which of the subsequent items is not included in preparation of a cost sheet?
(a) Carriage inward
(b) Purchase returns
(c) Sales commission
(d) Interest paid
(e) Depreciation on plant and machinery.
( 1 mark)
58. Which of the subsequent is a limitation of the absorption costing?
(a) Price based on absorption costing ensures that all costs are covered
(b) It confirms accrual and matching concepts which require matching costs with revenue for a particular period
(c) Efficient or inefficient utilization of production resources is disclosed by indicating under or over absorption of factory overheads
(d) Closing stocks are valued at cost of production (i.e., fixed cost and variable cost), which means a portion of fixed cost is carried forward to the next period
(e) Computation of gross profit and net profit separately is possible in income statement.
( 1 mark)
59. Which of the subsequent statements is true?
(a) Management accounting is prepared in accordance with the Generally Accepted Accounting Principles
(b) Management accounting is mandatory for business organizations because it should be maintained as per different legal statutes
(c) The application of Management accounting cannot be extended beyond the traditional accounting system
(d) Management accounting focuses more on a company as a whole and less on the parts or segments of a company
(e) Management accounting focuses on providing info for internal users.
( 1 mark)
60. A cost that can be substantially influenced by a manager is often referred to as which of the following?
(a) Sunk cost
(b) Direct cost
(c) Opportunity cost
(d) Controllable cost
(e) Indirect cost.
( 1 mark)
61. A company’s approach to make or buy decision
| Earning: Approval pending. |
