[Management Accounting Question Papers, Dibrugarh University, B.Com 5th Sem, General and Speciality, 2019]
Management Accounting Question Papers
2019 (November)
Commerce (General /Speciality)
Course Code: 503
Full Marks: 80
Pass Marks: 32
Time: 3 Hours
The figures in the margin indicate full marks for the questions
1. (a) write true or false: 1x4=4
1)
Management Accounting includes the development
of a suitable system of internal audit for internal control.
2)
According to AS-5, cash flows for a period can
be classified into three categories of cash inflow and cash outflow.
3)
Selling price is not based on marginal cost plus
contribution.
4)
Long-term budgets should be prepared for control
purposes.
(b) Fill in the blanks: 1x4=4
1)
_______ decision limit the usefulness of
Management Accounting.
2)
Budgeting may be said to be the act of _______.
3)
Selling goods _______ the marginal cost can be
followed only in a short period.
4)
Income tax refund is an _______ of cash.
2. Write short notes on any four of the following: 4x4=16
a)
Zero-base budgeting.
b)
Overhead.
c)
Tools of Management Accounting.
d)
Performance budgeting.
e)
Make-or-buy decision.
f)
Differential cost.
3. (a) “Management Accounting is nothing more than the use of
financial information for management purposes.” Explain this statement and
clearly distinguish between Financial Accounting and Management Accounting. 6+8=14
Or
(b) Discuss, in detail, the functions of
Management Accounting. 14
4. (a) From the following Balance Sheets of X Ltd. Co. as on
31st March, 2016 and 2017, prepare a Statement of Cash Flow as per
AS-3: 14
Balance
Sheets
|
Capital and Liabilities
|
31.03.2017
Rs.
|
31.03.2016
Rs.
|
|
Equity Share Capital
Preference Share
Capital
Security Premium
Reserve
Profit & Loss
A/c
Secured Loans:
15% Debenture
Trade Payable
Provision for
Depreciation
Provision for
Doubtful Debts
|
2,00,000
37,500
30,000
36,000
1,25,000
55,000
24,000
8,000
|
1,50,000
50,000
-
(5,000)
1,00,000
25,000
15,000
5,000
|
|
|
5,15,500
|
3,40,000
|
|
Assets
|
31.03.2017
Rs.
|
31.03.2016
Rs.
|
|
Fixed Assets
Investment
Discount on
Debenture
Inventories
Bills Receivable
Cash at Bank
|
2,50,000
22,500
8,000
1,00,000
28,000
1,07,000
|
1,00,000
20,000
10,000
75,000
88,000
47,000
|
|
|
5,15,500
|
3,40,000
|
Additional Information:
1)
Dividend paid during the year Rs. 18,000.
2)
Investment costing Rs. 5,000 was sold at a
profit of 40%.
3)
Fixed Assets costing Rs. 10,000 (provision for
depreciation Rs. 4,000) were sold for Rs. 8,500.
4)
Additional debentures amount to Rs. 50,000 were
issued at par on 1st August, 2016. Interest on Debenture has been
paid regularly.
Or
(b) Define the term ‘fund flow’. What are
the purposes of preparing Funds Flow Statement? Write four limitations of Funds
Flow Statement. 2+8+4=14
5. (a) Prepare a cash budget of six months up to December 31
from the information given below: 14
Cash balance on July 1 was expected to be
Rs. 75,000.
|
Months
|
Sales
|
Material
|
Wages
|
Overhead
|
||||
|
Production
|
Administration
|
Selling
|
Distribution
|
R & D
|
||||
|
April
|
50000
|
20000
|
5000
|
2200
|
1500
|
800
|
400
|
500
|
|
May
|
60000
|
30000
|
5600
|
2400
|
1450
|
850
|
450
|
500
|
|
June
|
40000
|
20000
|
4000
|
2500
|
1520
|
750
|
350
|
600
|
|
July
|
50000
|
30000
|
4200
|
2300
|
1480
|
850
|
450
|
600
|
|
August
|
60000
|
35000
|
4600
|
2600
|
1510
|
950
|
550
|
700
|
|
September
|
70000
|
40000
|
5000
|
2700
|
1540
|
1000
|
600
|
700
|
|
October
|
80000
|
45000
|
5200
|
2900
|
1560
|
1025
|
625
|
800
|
|
November
|
90000
|
50000
|
5400
|
3000
|
1570
|
1075
|
675
|
800
|
|
December
|
100000
|
55000
|
5800
|
3200
|
1600
|
1150
|
750
|
800
|
Expected capital expenditure:
1)
Plant and Machinery to be installed in August at
a cost of Rs. 20,000 will be payable on September 1.
2)
Extension to research and development department
amounting to Rs. 5,000 will be completed on August 1 payable Rs. 1,000 per
month from completion date.
3)
Under a hire-purchase agreement, Rs. 2,000 is to
be paid each month.
4)
A sales commission of 5% on sales is to be paid
within the month following actual sales.
5)
Period of credit allowed by suppliers 3 months,
period of credit allowed to customer 2 months. Delay in payment of overheads 1
month. Delay in payment of wages 1/8 month.
Tax of Rs. 50,000 is due for payment on
October 1. Preference share dividend of 10% on capital of Rs. 1,00,000 is to be
paid on November 1.
10% calls on ordinary share capital of Rs.
2,00,000 is due on July 1 and September 1.
Cash sales of Rs. 1,000 per month are
expected no commission payable.
Or
(b) Explain the meaning and objectives of
sales budget. Distinguish between sales budgets and production budgets. 7+7=14
6. (a) “Marginal costing is a very useful technique to
management for cost control, profit planning and decision making.”
Explain. 14
Or
(b) From the following information,
calculate (1) P/V ratio, (2) Break-even point and (3) Margin of safety, (4) If
the selling price is reduced to Rs. 90 by how much is the margin of safety reduced? 3+3+4+4=14
|
|
(Rs.)
|
|
Total sales
Selling price per
unit
Variable cost per
unit
Fixed cost
|
3,60,000
100
50
1,00,000
|
Also Read: Management Accounting Question Papers Non CBCS Pattern
This is all about Management Accounting Question Paper 2019. For more Dibrugarh University Question Papers click here.
This is all about Management Accounting Question Paper 2019. For more Dibrugarh University Question Papers click here.
Also Read: Management Accounting Question Papers CBCS Pattern
(OLD
COURSE)
Full
Marks: 80
Pass
Marks: 32
Time:
3 hours
1. (a) Write True or False: 1x4=4
1)
Management Accounting deals with the effect and
impact of cost on the business.
2)
Goods sold on credit in the source of fund.
3)
P/V ratio exhibits the percentage of
contribution included in fixed cost and profits.
4)
Idle Time Variance = Idle time x Actual Rate.
(b) Fill in the blanks: 1x4=4
1)
Cash Flow Statement is useful for _______
financial planning.
2)
Marginal costing is the aggregate of prime cost
plus _______ overhead.
3)
Budgetary control is a _______ function.
4)
Standard cost is a _______ cost.
2. Write short notes on any four of the following: 4x4=16
a)
Fund from operation.
b)
Deferential costing.
c)
Performance budgeting.
d)
Cost-volume-profit relationship.
e)
Production budget.
3. (a) Define Management Accounting. Discuss the scope of
Management Accounting. 3+9=12
Or
(b) “Management Accounting has been evolved
to meet the need of management.” Explain this statement. 12
4. (a) From the following Comparative Balance Sheets of X Ltd.
as on June 30, 2017 and June 30, 2018, you are required to prepare: 5+6=11
1)
A statement of changes in working capital;
2)
A funds flow statement;
Balance
Sheets
|
Liabilities
|
2017
Rs.
|
2018
Rs.
|
Assets
|
2017
Rs.
|
2018
Rs.
|
|
Share Capital
Reserve Fund
Profit & Loss
A/c
Trade Creditors
Bank Overdraft
Provision for
Taxation
Provision for
Doubtful Debts
|
1,80,000
28,000
39,000
16,000
12,400
32,000
3,800
|
2,00,000
36,000
24,000
10,800
2,600
34,000
4,200
|
Goodwill
Building
Machinery
Investment
Inventories
Debtors
Cash
|
24,000
80,000
74,000
20,000
60,000
40,000
13,200
|
20,000
72,000
72,000
22,000
50,800
44,400
30,400
|
|
|
3,11,200
|
3,11,600
|
|
3,11,200
|
3,11,600
|
Additional Information:
1)
Depreciation charged on Machinery was Rs. 8,000
and on Building Rs. 8,000.
2)
Interim dividend paid on January, 2018 was Rs.
15,000.
3)
Provision of Rs. 10,000 was made for taxation
during the year ending 30th June, 2018.
Or
(b) Define Cash Flow Statement. How does
Cash Flow Statement differ from a Funds Flow Statement? 4+7=11
5. (a) The following data are available in a manufacturing
company for the period of a year:
|
|
(Rs. in lakhs)
|
|
Fixed Expenses:
Wages and salaries
Rent, rates and taxes
Depreciation
Sundry administrative expenses
Semi-variable
expenses (at 30% of capacity):
Maintenance and repairs
Indirect labour
Sales department salaries, etc.
Sundry administrative expenses
Variable expenses
(at 50% of capacity)
Materials
Labour
Other expenses
|
9.5
6.6
7.4
6.5
3.5
7.8
3.8
2.8
21.7
20.4
7.9
|
|
|
98.0
|
Assume that the fixed expenses remain
constant for all levels of production; semi-variable expenses remain constant
between 45% and 65% of capacity, increasing by 10% between 65% and 80% capacity
and by 20% between 80% and 100% capacity.
|
|
(Rs. in lakhs)
|
|
50% capacity
60% capacity
75% capacity
90% capacity
100% capacity
|
100
120
150
180
200
|
Or
(b) What do you understand by the terms
‘budget’ and ‘budgetary control’? Discuss the benefits of budgetary control.
(2+3)+6=11
6. (a) “Marginal costing is essentially a technique of cost
analysis and cost presentation.” Discuss the statement with reference to the
application, merits and limitation of marginal costing. 3+3+3+2=11
Or
(b) The sales turnover and profit during
two years were as follows:
|
Year
|
Sales (Rs.)
|
Profit (Rs.)
|
|
2014
2015
|
1,40,000
1,60,000
|
15,000
20,000
|
You are required to calculate:-
1)
P/V ratio;
2)
Sales required to earn a profit of Rs. 40,000;
3)
Profit when sales are Rs. 1,20,000. 3+4+4=11
7. (a) Define standard costing. How does it help in keeping
control over cost? Point out its limitations. 2+6+3=11
Or
(b) From the following data, calculate MCV,
MPV, MUV and MMV: 3+3+3+2=11
|
|
Standard Mix
|
Actual Mix
|
|
Material X:
Material Y:
|
60 kg at Rs. 20
40 kg at Rs. 10
|
72 kg at Rs. 20
31 kg at Rs. 11
|
***
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