Assam University B.Com 5th Sem Question Paper CBCS Pattern
2021/TDC (CBCS)/ODD/SEM/COMDSE-501T (A) /349
TDC (CBCS) Odd Semester Exam, 2021
Held in March, 2022
COMMERCE (5th Semester)
(Management Accounting)
Full Marks: 70
Pass Marks: 28
Time: 3 hours
The figures in the margin indicate full marks for the questions.
SECTION – A
Answer any twenty of the following as
directed: 1x20=20
1. Management Accounting provides decision to
the management. (Write True or False)
2. Management Accounting is based on _______
information. (Fill in the blank)
3. Financial Accounting deals with _______
data. (Fill in the blank)
4. Publication of Management Accounting
statements is not compulsory. (Write True or False)
5. The use of Management Accounting is
(a) compulsory.
(b) optional. (Choose the
correct answer)
6. Budgets are blueprints for action. (Write
True or False)
7. Budgets are shown in _______ terms. (Fill
in the blank)
8. A fixed budget is preferable to flexible
budget. (Write True or False)
9. Name two types of budgets.
10. What is sale budget?
11. Material usage variance = material mix
variance + _______. (Fill in the blank)
12. Idle time variance = Idle hours x actual
Rate. (Correct the formula)
13. What is the main purpose of standard
costing?
14. What is Historical Cost?
15. Variance analysis is foundation of
standard cost. (Write True or False)
16. Contribution is also known as Gross
Margin. (Write True or False)
17. What is an angle of incidence?
18. P/V ratio can be improved by reducing
_______. (Fill in the blank)
19. Give marginal cost equation.
20. What is contribution?
21. Fixed cost are not taken into
consideration in differential cost analysis. (Write True or False)
22. What is Relevant Cost?
23. What is decision making?
24. Mention two methods of pricing decision.
25. What is make or buy decision?
SECTION – B
Answer any five of the following questions: 2x5=10
26. Define Management Accounting.
27. Write two duties of a Management Accountant.
28. Name four types of functional budget.
29. Define Cash Budget.
30. What is meant by Variance Analysis?
31. Write two limitations of standard
costing.
32. What is Cost-Volume-Profit Analysis?
33. Define margin of safety.
34. Write two factors influencing make or buy
decision.
35. What are the two benefits of relevant
costs?
SECTION – C
Answer any five of the following questions: 8x5=40
36. Write in detail the nature and scope of
Management Accounting. 4+4=8
37. Distinguish between cost control and cost
reduction.
38. Distinguish between fixed budget and
flexible budget.
39. With the following data for 60% capacity,
prepare a budget for Pankaj Kumar Tiwari & Co. having production at 80% and
100% capacity:
|
Production
at 60% activity |
600
units |
|
Material
|
Rs.
100 per unit. |
|
Labour
|
Rs.
40 per unit. |
|
Expenses
|
Rs.
10 per unit. |
|
Factory
Expenses |
Rs.
40,000 (40% fixed). |
|
Administration
Expenses |
Rs.
30,000 (60% fixed). |
40. Explain the steps in the implementation
of standard costing in an organization.
41. (a) Write the reasons behind material
price variance.
(b) Standard time and rate
for unit component ‘z’ are given below:
|
Standard
hours per unit |
15 |
|
Standard
rate |
Rs.
4 per hour. |
The actual data and
related information are:
|
Planned
production |
1200
units. |
|
Actual
production |
1000
units. |
|
Actual
hours |
15300
hours. |
|
Actual
rate |
Rs.
3.90 per hour. |
Calculate Labour Cost
Variance. 4+4=8
42. Outline the differences between
absorption costing and marginal costing.
43. The sales turnover and profit during two
years were as follows:
|
Year
|
Sales
(Rs.) |
Profit
(Rs.) |
|
2020 |
1,40,000 |
15,000 |
|
2021 |
1,60,000 |
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.
44. Discuss the factors influencing pricing
decisions.
45. The components of an item are
manufactured by another unit under the same management. The unit at present
manufactures 1,00,000 units at the following costs:
|
|
Rs. |
|
Material
Labour
Overheads
|
5,00,000 2,50,000 2,00,000 |
|
|
9,50,000 |
Labour is paid @ Rs. 2 per unit, the fixed DA and Other allowances monthly. The components required by the main factory are to be increased by 20%. The components factory can increase production upto 25% without any additional labour force. Overheads are variable to the extent of 25% of the present amount. The additional requirement may be purchased from the market at Rs. 8.50 per unit. Suggest which will be better decision for management.
Also Read: Assam University B.Com 5th Sem Question Papers
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