Management Accounting Question Paper 2023 [Dibrugarh University BCOM 5th SEM HONS]

Management Accounting Question Paper 2023

5 SEM TDC DSE COM (CBCS) 501 (GR-I)

2023 (November)

COMMERCE (Discipline Specific Elective)

(For Honours and Non-Honours)

Paper: DSE-501 (Group-I)

(Management Accounting)

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 is concerned with preparation of financial statements.

(2) Marginal Cost + Contribution = Selling Price.

(3) Indian Accounting Standards No. 3 deals with Cash Flow Statement.

(4) Responsibility centers may have both inputs and outputs.

(b) Fill in the blanks:        1x4=4

(1) Management Accountant is also called _______.

(2) Issue of shares is a cash flow from _______ activity.

(3) Fixed costs are treated as _______ costs.

(4) Margin of safety can be improved by reducing the _______ cost.

2. Write short notes on any four of the following:              4x4=16

(a) Duties of Management Accountant.

(b) Make or Buy Decision.

(c) Master Budget.

(d) Opportunity Cost.

(e) CVP Analysis.

3. (a) Explain the objectives of Management Accounting. Distinguish between Cost Accounting and Management Accounting.  7+7=14

Or

(b) “Management Accounting is concerned with accounting information which are useful to management.” Elaborate the statement. 14

4. (a) What do you mean by Fund and Fund Flow Statement? Explain the uses of a Fund Flow Statement.      3+3+8=14

Or

(b) The abstracts of the Balance Sheets of Munjal Co. Ltd. as on 31^st March, 2019 and 31^st March, 2020 have been given below:

Equity & Liabilities	31-03-2019 (Rs.)	31-03-2020 (Rs.)
Share Capital General Reserve Profit & Loss A/c Bank Loan Sundry Creditors Provision for Taxation	2,00,000 50,000 30,500 70,000 1,55,000 30,000	2,50,000 60,000 30,600 - 1,40,200 35,000
	5,35,500	5,15,800

 

Assets	31-03-2019 (Rs.)	31-03-2020 (Rs.)
Land & Buildings Machinery Inventory Sundry Debtors Cash in Hand Cash at Bank	2,00,000 1,50,000 1,00,000 85,000 500 -	1,90,000 1,74,000 74,000 69,200 600 8,000
	5,35,500	5,15,800

Additional Information:

(1) Machinery to be depreciated by Rs. 14,000 in 2020.

(2) Dividend of Rs. 20,000 was paid in 2020.

(3) A piece of land was sold in 2020 at cost.

Prepare a Statement of Sources and Application of Fund and also a Schedule of Changes in Working Capital for the year 2020.     7+7=14

5. (a) Distinguish between marginal costing and absorption costing. How is profit or loss ascertained under marginal costing?  7+7=14

Or

(b) The following are the details of profit and loss data relating to a manufacturing business:

	Rs.
Sales Cost of Goods Sold: Fixed cost                                                              10,000 Variable cost                                                         40,000	1,00,000     50,000
Gross Profit Selling and Administrative Cost: Fixed cost                                                                 5,000 Variable cost                                                          10,000	50,000     15,000
Net Profit	35,000

From the above data, calculate:

(1) Profit-Volume ratio;

(2) Break-even point;

(3) Profit for the sale volume of Rs. 1,60,000 and Rs. 70,000.

Would it be profitable to reduce the selling price by 10% if it leads to an increase in sales by 30%?             2+3+4+5=14

6. (a) Explain the terms ‘budget’ and ‘budgetary control’. Discuss the essential qualities of a good budgetary control system. 3+3+8=14

Or

(b) The expenses for budgeted production of 10000 units in a factory are given below:                     14

Heads of Expenses	Cost per unit (Rs.)
Materials Labour Variable Overhead Fixed Overhead (Rs. 1,00,000) Variable Expenses (Direct) Selling Expenses (10% Fixed) Distribution Expenses (20% Fixed) Administration Expenses (Rs. 50,000)	70 25 20 10 5 13 7 5
Total cost per unit (to make and sell)	155

Prepare a budget for production of (1) 8000 units and (2) 6000 units. Indicate cost per unit at both the levels.

Also Read: Management Accounting Question Papers Non CBCS Pattern