Exam Details
Subject | management accounting – ii | |
Paper | ||
Exam / Course | m.com. | |
Department | ||
Organization | solapur university | |
Position | ||
Exam Date | November, 2017 | |
City, State | maharashtra, solapur |
Question Paper
M.Com. (Semester IV) Examination Oct/Nov-2017
MANAGEMENT ACCOUNTING
Day Date: Wednesday, 22-11-2017 Max. Marks: 50
Time: 02.30 PM to 04.30 PM
Instructions: All questions are compulsory.
Figures to the right indicate full marks.
Use of calculator is allowed.
Q.1 Choose the alternatives given below. 10
Under costing both fixed and variable costs are treated as
product cost.
Marginal Absorption
Standard Uniform
The arises due to difference between the number of
working days in the budgeted period and number of actual working days.
Idle time Variance overhead
Material Usage Calendar
Variable cost plus fixed cost plus or minus profit or loss is equal to
Sales Purchases
P/V Ratio Contribution
If P/V Ratio is 20% and fixed lost Rs.1,00,000 then break-even sales are
5,00,000 50,000
2,00,000 1,50,000
A formal communication, mostly written, which generally moves
upward.
Budget Report
Product mix Margin of Safety
When actual cost incurred is less than the standard cost, the deviation is
known as
Favorable Unfavorable
Adverse No variance
A the difference between the actual cost and standard cost.
Profit Fixed Cost
BEP Sales Variance
(Standard time Actual time) X Standard rate
Labour cost Labour efficiency
Calendar Labour Mix
Under which costing stock are valued at full cost?
Standard Costing Marginal Costing
Absorption Costing Variable Costing
10) The Techniques of decision making by comparing total costs and total
revenue of different alternatives is called
Absorption Costing Standard Costing
Differential Costing Management Information System
Page 2 of 3
SLR-CJ-52
Q.2 Write short answer. 10
Absorption Costing
Management Information System
Q.3 From the following data calculate material usage variance. 05
Standard Cost 20 kg at Rs. 5.50 per kg
Actual Cost 25 kg at Rs. 6 per kg
Using following data calculate P/V Ratio 05
Fixed Cost Rs. 1,20,000
Variable Rs. 3 per unit
Selling Price 7 per unit
Output 50,000 unit
Q.4 The following is the basic cost of a firm ABC: 10
Fixed operating cost Rs. 2,500
Sale price (per unit) Rs.
Variable operating cost (per unit) Rs.
Determine Break-even point in units and rupees.
If fixed operating cost increase to Rs.3000 what will be the new breakeven
point (in units)?
If the sale price increase to Rs.12.50 and variable operating cost to
Rs.7.50. What would be the impact, on break-even point?
OR
Following information of ABC Ltd. related to Article for the week ended
30th September. The standard labour hours and rates of payments per
article were as follows:
Hours Rate Per Hour Total
Skilled Labour 10 3.00 30
Semi Skilled Labour 8 1.50 12
Unskilled Labour 16 1.00 16
58
The Actual Production was 1000 articles for which the actual hours
worked and rates are given below:
Hours Rate Per Hour Total
Skilled Labour 9,000 4.00 36,000
Semi Skilled Labour 8,400 1.50 12,600
Unskilled Labour 20,000 0.90 18,000
66,600
From the above set of data you are asked to calculate:
Labour Cost Variance
Labour Rate Variance
Labour Efficiency Variance
Labour Mix Variance
Page 3 of 3
SLR-CJ-52
Q.5 Gemini Chemical Industries provide the following information from their
records:
For using 10 kgs of GEMCO the standard material requirement is
10
Material Quantity Rate per kg
A 8 6.00
B 4 4.00
During April 2016, 1000 kgs of GEMCO were produced the actual
consumption of material is as under:
Material Quantity Rate per kg
A 750 7.00
B 500 5.00
Calculate:
Material Cost Variance
Material Price Variance
Material Usage Variance
OR
Two companies ABC Ltd and XYZ Ltd., Sell the same type of product, their
budgeted profit and loss accounts for the year shows the following:
ABC Ltd.
XYZ Ltd.
Sales 150 150
Less: Variable Cost 120 100
Fixed Cost 15 135 3.5 135
Budgeted profit 15 15
You are required to calculate the break-even point of each company. Also
state which company is likely to earn greater profit if there is
Heavy demand
Poor demand for its product.
MANAGEMENT ACCOUNTING
Day Date: Wednesday, 22-11-2017 Max. Marks: 50
Time: 02.30 PM to 04.30 PM
Instructions: All questions are compulsory.
Figures to the right indicate full marks.
Use of calculator is allowed.
Q.1 Choose the alternatives given below. 10
Under costing both fixed and variable costs are treated as
product cost.
Marginal Absorption
Standard Uniform
The arises due to difference between the number of
working days in the budgeted period and number of actual working days.
Idle time Variance overhead
Material Usage Calendar
Variable cost plus fixed cost plus or minus profit or loss is equal to
Sales Purchases
P/V Ratio Contribution
If P/V Ratio is 20% and fixed lost Rs.1,00,000 then break-even sales are
5,00,000 50,000
2,00,000 1,50,000
A formal communication, mostly written, which generally moves
upward.
Budget Report
Product mix Margin of Safety
When actual cost incurred is less than the standard cost, the deviation is
known as
Favorable Unfavorable
Adverse No variance
A the difference between the actual cost and standard cost.
Profit Fixed Cost
BEP Sales Variance
(Standard time Actual time) X Standard rate
Labour cost Labour efficiency
Calendar Labour Mix
Under which costing stock are valued at full cost?
Standard Costing Marginal Costing
Absorption Costing Variable Costing
10) The Techniques of decision making by comparing total costs and total
revenue of different alternatives is called
Absorption Costing Standard Costing
Differential Costing Management Information System
Page 2 of 3
SLR-CJ-52
Q.2 Write short answer. 10
Absorption Costing
Management Information System
Q.3 From the following data calculate material usage variance. 05
Standard Cost 20 kg at Rs. 5.50 per kg
Actual Cost 25 kg at Rs. 6 per kg
Using following data calculate P/V Ratio 05
Fixed Cost Rs. 1,20,000
Variable Rs. 3 per unit
Selling Price 7 per unit
Output 50,000 unit
Q.4 The following is the basic cost of a firm ABC: 10
Fixed operating cost Rs. 2,500
Sale price (per unit) Rs.
Variable operating cost (per unit) Rs.
Determine Break-even point in units and rupees.
If fixed operating cost increase to Rs.3000 what will be the new breakeven
point (in units)?
If the sale price increase to Rs.12.50 and variable operating cost to
Rs.7.50. What would be the impact, on break-even point?
OR
Following information of ABC Ltd. related to Article for the week ended
30th September. The standard labour hours and rates of payments per
article were as follows:
Hours Rate Per Hour Total
Skilled Labour 10 3.00 30
Semi Skilled Labour 8 1.50 12
Unskilled Labour 16 1.00 16
58
The Actual Production was 1000 articles for which the actual hours
worked and rates are given below:
Hours Rate Per Hour Total
Skilled Labour 9,000 4.00 36,000
Semi Skilled Labour 8,400 1.50 12,600
Unskilled Labour 20,000 0.90 18,000
66,600
From the above set of data you are asked to calculate:
Labour Cost Variance
Labour Rate Variance
Labour Efficiency Variance
Labour Mix Variance
Page 3 of 3
SLR-CJ-52
Q.5 Gemini Chemical Industries provide the following information from their
records:
For using 10 kgs of GEMCO the standard material requirement is
10
Material Quantity Rate per kg
A 8 6.00
B 4 4.00
During April 2016, 1000 kgs of GEMCO were produced the actual
consumption of material is as under:
Material Quantity Rate per kg
A 750 7.00
B 500 5.00
Calculate:
Material Cost Variance
Material Price Variance
Material Usage Variance
OR
Two companies ABC Ltd and XYZ Ltd., Sell the same type of product, their
budgeted profit and loss accounts for the year shows the following:
ABC Ltd.
XYZ Ltd.
Sales 150 150
Less: Variable Cost 120 100
Fixed Cost 15 135 3.5 135
Budgeted profit 15 15
You are required to calculate the break-even point of each company. Also
state which company is likely to earn greater profit if there is
Heavy demand
Poor demand for its product.
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- advanced banking – iii
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