Management Accounting Question Paper 2022 [Assam University B. Com 6th Sem Question Papers]

Management Accounting Question Paper 2022 
[Assam University B. Com 6th Sem Question Papers]

COMMERCE (6^th Semester)

Course No.: COMDSE-601T (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 questions:              1 x 20 = 20

1. Write two objectives of management accounting.

2. What is ‘management accounting conventions’?

3. What is ‘management information system’?

4. What is ‘budgetary control’?

5. Write two Standard Costing Techniques.

6. What is ‘value chain analysis’?

7. What is ‘activity-based costing’?

8. What is ‘total quality management’?

9. What is ‘target costing’?

10. What is CVP analysis?

11. What is ‘variable cost’?

12. What is budgeting?

13. Write two advantages of marginal costing.

14. What is ‘sales budget’?

15. What is ‘control ratio’?

16. What are ‘responsibility centre’?

17. What is ‘break-even analysis’?

18. Define the concept of cost.

19. What is ‘variable cost’?

20. What is ‘production budget’?

21. What is ‘angle of incidence’?

22. Name two types of transfer pricing method.

23. What is ‘fixed overhead variance’?

24. Write two limitations of standard costing.

25. What is ‘responsibility accounting’?

SECTION – B

Answer any five of the following questions:             2 x 5 = 10

26. What are the differences between Standard Cost and Standard Costing?

27. What are the steps involved in responsibility accounting?

28. What is ‘investigation of variance’?

29. What are ‘overhead variances’?

30. What is ‘profit method of sales variance’?

31. What is ‘cash budget’?

32. What are the different types of responsibility centres?

33. What are budget, budgeting and budgetary controls?

34. Differentiate between Standard Cost and Target Cost.

35. What is ‘estimated cost’?

SECTION – C

Answer any five of the following questions:           8 x 5 = 40

36. Explain the nature and scope of management accounting.

37. What do you understand by Management Accounting? How does it differ from Cost Accounting?

38. What are emerging issues in management accounting?

39. What is ‘budget period’? Differentiate between Budgeting and Forecasting.

40. Explain and illustrate the following:

(a) Labour efficiency variance.

(b) Wage rate variance.

41. “Responsibility Accounting is an important device for control.” Discuss.

42. From the following data given below, calculate:-

(a) Material Cost Variance;

(b) Material Price Variance;

(c) Material Usage Variance;

Products	Standard Quantity (Units)	Standard Price (Rs.)	Actual Quantity (Units)	Actual Price (Rs.)
A B C	1050 1500 2100	2.00 3.25 3.50	1100 1400 2000	2.25 3.50 3.75

43. B Co. Ltd. has an overall P/V ratio of 40%. The marginal cost of product A is estimated to be Rs. 30.

Determine the selling price for product A.

44. Product X takes 5 hours to make and Y requires 10 hours. In a month of 25 effective days of 8 hours a day, 1000 units of X and 600 units of Y were produced. The company employs 50 workers in the production department. The budget hours are 102000 for the year.

Calculate capacity ratio, activity ratio and efficiency ratio.

45. There are two similar plants under the same management. The management desires to merge these two plants. The following particulars are available:

Capacity Operation	Factory – I 100% (Rs. lacs)	Factory – II 60% (Rs. lacs)
Sales Variable Costs Fixed Costs	600 440 80	240 180 40

You are required to calculate –

(a) The capacity of merged plant to be operated for the purpose of break-even;

(b) The profitability on working at 75% of the merged capacity.

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