[Management Accounting Question Papers, Dibrugarh University, B.Com 5th Sem, General and Speciality, 2010]
Management Accounting Question Papers' 2010 (Old Course)
Dibrugarh University Question Papers
1 (a)
“Management Accounting has been evolved to meet the need of Management.”
Explain this statement fully.
or
(b)
Discuss the major limitations of Managemnet Accounting. State briefly the
essential conditions for success of Management Accounting.
2(a) From
the following particulars, calculate Break—evan
point in units. What will be selling price per unit if the break—even
point is brought down to 10000 units?
Selling
price (per unit)
|
Rs.
20
|
Variable
cost (per unit)
|
Rs.
16
|
Fixed
expenses
|
60,000
|
(b)From the following information, you are
required to find out -----
(i) margin
of safety;
(ii)
volume of sales required to earn a profit of 10% on sales :
Total
fixed cost (in Rs)
|
4,500
|
Total
variable cost (in Rs)
|
7,500
|
Total
sales (in Rs)
|
15,000
|
Sales
(in units)
|
5000
|
Or
Marginal costing is a very useful teachnique management for cost control,
profit planing and decision –making.”
Explain.
3. (a) Xyz
co LTD.has given the following particulars, you are required to prepare a cash
budget for three months ending 31st December, 2009:
Months
|
Sales
|
Materials
|
Wages
|
Overheads
|
August
September
October
November
December
|
20000
21000
23000
25000
30000
|
10200
10000
9800
10000
10800
|
3800
3800
4000
4200
4500
|
1900
2100
2300
2400
2500
|
1.
Credit
terms are sales/debtors---20% sales are on cash basis,
50% of the credit sales are collected next month and the balance in the following month
2.
Creditors----material 2 months
3.
Lag in payment of : Wages--- 1/4 month,
Overheads – ½ months
4.
Cash balance on 1st october,2009 is expected to be Rs 10,000
5.
A machinery will be installed in August 2009
at a cost of Rs 1,00,000. The monthly
instalment of Rs 7,500 is payable from
October onward
6.
Dividend at 10% on preference share capital of
Rs 3,00,000 will be paid on 1st December,2009
7.
Advance to be received for sale of vehicle Rs
20,000 in December
8.
Income-tax (advance) to be paid in December
Rs. 5,000.
Or
(b) Explain
briefly the objectives and limitations of budgetory control.
4(a) The
standard cost of a chemical mixture is as under:
40 Kg of material X at Rs 20 per Kg
60 Kg
of material Y at Rs 30 per Kg
A standard
loss of 10% of input is expected in production.
The cost
records for a period showed the following usage :
90
Kg of material X at Rs 18 per Kg
110
Kg of material Y at Rs 32 per kg
The
quantity produced was 182 Kg of good
products.
Calculate
-----
(i)material
cost variance;
(ii)material
price variance;
(iii)
material usage variance;
(iv)material
mix variance;
(v)
material yield variance. Verify your result.
Or
(b) what
is standard costing? How does it help in keeping a control over cost ? point
out its limitations.
5(a)
Discuss the importance or significance of Funds—flow statement. How do you determine wherher a
particular change is in the nature of a source or of an application of fund ?
Or
(b)
Following are comparative Balance of good Luck co. Ltd. As on 31st
march :
Liabilities
|
2008
|
2009
|
Assets
|
2008
|
2009
|
Share
Capital
Debentures
General
Reserve
Profit
and Loss A/c
Income
Tax Provision
Trade
Creditors
Bills
Payable
Provision
for Doubtful Debts
|
1000000
500000
200000
110000
40000
50000
20000
30000
|
1100000
300000
200000
190000
110000
40000
30000
24000
|
Goodwill
Land
and Building
Plant
and Machinery
Closing
Stock
Debtors
Cash
Preliminary
Expenses
|
50000
420000
600000
250000
300000
300000
30000
|
40000
660000
800000
210000
240000
24000
20000
|
1950000
|
1994000
|
1950000
|
1994000
|
Additional
Information :
1.
During the year ending 31st march,
2009, a part of machinery costing Rs 7,500 (accumulated depreciation thereon
being 2500)was sold for Rs 3,000
2.
Dividend of Rs 1,00,000 was paid during the
year ended 31st march, 2009
3.
Income tax of Rs 50,000 was paid during the
year 2009
4.
Depreciation for the year 2009 was provided as
follows :
Land
and Building----Rs 10,000
Plant
and Machinery----Rs 50,000
You are
required to prepare cash Flow statement by Indirect Method as per AS—(Revised).
Also Read: Management Accounting Question Papers Non CBCS Pattern
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