M.B.A-M.B.A 1st Sem 102 : MANAGEMENT ACCOUNTING(University of Pune, Pune-2013)
Total No. of Questions : 9] [Total No. of Pages : 4
[4375] - 102
M.B.A. (Semester - I)
102 : MANAGEMENT ACCOUNTING
(2008 Pattern)
Time : 3 Hours] [Max. Marks :100
Instructions to the candidates:
1) Q.No. 1 is compulsory.
2) Attempt any two questions from Section - I and Section - II. 3) Figures to the right indicate full marks. 4) Use of simple calculator is allowed.
Q1) a) Explain the following concepts. [4]
i) Matching concept.
ii) Going concern concept.
b) Classify the following items into Income, Expenditure, Assets and
Liability. [2]
i) Interest paid ii) Good will
iii) Prepaid insurance iv) Outstanding wages.
c) Mentioned the bases of apportionment of the following expenses of
departments. [2]
i) State insurance contribution ii) Lighting
iii) Rent & Rates iv) Power
d) Calculate contribution and P.V.ratio from the following. Selling price per unit Rs.20 Material cost per unit Rs.5 Variable cost per unit Rs.3 Fixed cost Rs.1000 [2]
SECTION - I
Q2) What do you understand by management accounting? Explain importance
and limitations of management accounting? [15]
Q3) What do you understand by standard costing? Explain material variances in
Detail. [15]
P.T.O.
Q4) Distinguish between: (Any Three)
a) Management accounting and financial accounting. b) Trial balance and balance sheet.
c) Flexible budget and cash budget.
d) Over absorption and under absorption of overhead.
Q5) Write short notes : (Any Three)
a) Types of accounts. b) Idle time.
c) Types of stores. d) Labour turnover
SECTION - II
Q6) Prepare a Flexible budget from the poll data made available in respect of a half yearly period and forecast the working results at 70% 85% & 100% of capacity when the respective sales are Rs. 50 lakhs, Rs. 60 lakhs, & 85 lakhs. Semi variable expenses are constant between 55% & 75% of capacity, increases by 10% between 75% & 90% of capacity and by 20% between 90% and 100% of capacity. The expenses at 60% capacity are as follows : [15]
Amount in Lakhs
Semi variable :
Maintenance & Repairs 1.25
Indirect Labour 5.00
Sales Department expenses 1.50
Sundry overheads 1.25
Variable Expenses :
Material 12.00
Labour 13.00
Other expenses 2.00
Fixed Expenses :
Wages & Salaries 4.20
Rent, Rates & Taxes 2.80
Depreciation 3.50
Sundry Overheads 4.50
Total : 51.00
Q7) The sales and profit during two years were as follows; [15]
Year Sales Total Cost
2011 100000 105000
2012 200000 195000
You are required to calculate : a) The P.V. Ratio.
b) The Break Even Point.
c) The sales required to earn a profit of Rs. 1000.
d) The profit made when sale are Rs. 150000
e) The Margin of Safety for the 2012.
Q8) The following extract of costing information relates to commodity ‘A’ for the half year ending 31st December, 2010.
Particular Amount
Purchase of Raw Material 120000
Works overhead 48000
Office overhead 15000
Direct wages 100000
Carriage on Purchases 1440
Stock (1st july 2010)
Raw material 20000
Finished Products (1000 tons) 16000
Stock (31st Dec. 2010)
Raw material 22240
Finished products (2000 tons) 32000
Work in progress (1st july 2010) 4800
Work in progress (31st Dec. 2010) 16000
Sales-Finished Products 300000 [15]
Selling and distribution overheads are Rs. 1.20 per Ton sold. 16000 tons of commodities were produced during the period. You are to ascertain (i) Cost of raw materials used, (ii) Prime Cost, (iii) Works cost, (iv) Cost of production, (v) Cost of Goods sold (vi) Cost of sale and (vii) Profit.
Q9) From the following Trial Balance of R. Ramdas as on 31st March 2012, you
are required to prepare the trading and profit and loss account for the year
ended 31st March, 2012 and balance sheet as on that date : [15]
Particular Dr. Amt. Cr.Amt.
Capital 60000
Drawings 7200
Stock, 1st April 2011 20500
Purchases 68000
Carriage Inward 1500
Sales 140500
Sundry debtors 23500
Sundry Creditors 14300
Cash in hand 500
Cash at bank 2200
Carriage outwards 1700
Salaries 16000
Factory Rent 4000
Bills Receivable 5300
Bills payable 4200
Insurance 1200
Furniture 10000
Machinery 28000
Office Rent 2000
Manufacturing Wages 21500
Provision for Doubtful Debts 1000
Manufacturing Expenses 1500
General Expenses 5400
Total : 220000 220000
Additional Information :
a) Stock on 31st March 2012 amounted to Rs. 27000.
b) Write off Rs. 500 as Bad Debts and maintain the provision for Doubtful debts at 5% on Sundry Debtors.
c) Wages outstanding Rs. 2500 and unexpired Insurance Rs. 300
d) Depreciate Machinery By 5% and Furniture by 10%
e) Factory Rent is paid upto 31st January 2012.
f) Interest accrued but not received Rs. 2000.
| Earning: ₹ 8.20/- |
