Exam Details
Subject | management accounting – ii | |
Paper | ||
Exam / Course | m.com. | |
Department | ||
Organization | solapur university | |
Position | ||
Exam Date | 24, April, 2017 | |
City, State | maharashtra, solapur |
Question Paper
M.Com II. (Semester IV) Examination, 2017
MANAGEMENT ACCOUNTING
Day Date: Monday, 24-04-2017 Max. Marks: 50
Time: 02.30 PM to 05.00 PM
Instructions: All questions are compulsory
Figures to the right indicate full marks.
Use of calculator is allowed.
Q.1 Choose the correct alternatives: 10
Accounting is a system which makes every one responsible and
conscious for the job that is entrusted to him by his supervisor
Cost Financial
Historical Responsibilities
The technique of decision making by comparing total cost and total revenue
of different alternatives is called costing.
Absorption Standard Differential Variable
Budget is useful for control and guidance at all levels from top to
bottom.
Fixed Performance Cash Sales
The organized method of providing each manager with all the
data and only those data which he needs for his decision.
Management Information System Budegting
Reporting Absorption Costing
Poor working condition is the reason for variance.
Material mix Labour mix
Material usage Labour efficiency
is formal communication, mostly written, which generally moves
upward.
Authority Responsibilities
Report Budget
costing is helpful for measurement of profitability of different lines of
production.
Standard Marginal Uniform Actual
Fixed cost divided is equal to Break Even Point.
Contribution per unit Profit per unit
Sales per unit Cost per unit
If P/V ration is 25% and fixed cost Rs.35,000 then break even sales are
1,50,000 70,000 8,750 1,40,000
Page 1 of 2
SLR-Q-79
10) is blue print of the projected plan of action to be carried out during
specific period in future.
Marginal cost Standard cost
Budget Working capital
Q.2 Write short notes on: 10
Responsibility Accounting
Essentials of Ideal report
Q.3 Selling price per unit Rs.100. Variable cost per unit Rs.60. Fixed cost
Rs.20,000. Actual sales Rs.2,00,000. Calculate break even point in units
and break even point in value.
05
From the following information calculate marginal cost statement and
profit volume Ratio
05
Fixed cost Rs.3,00,000
Variable cost Rs.6,00,000
Net profit Rs.1,00,000
Sales Rs.10,00,000
Q.4 Using the following information calculate Labour cost variance, Labour rate
Variance, Labour efficiency variance and Idle time variance
10
Direct wages Rs.3,00,000
Standard hours 16000 hrs.
Standard Rate Rs.15 per hour
Actual hours paid 15000 hrs. out of which 500 hrs. are not worked (Abnormal)
OR
From the following details find out Profit Volume Ratio, Break even point,
margin of safety.
10
Sales Rs.10,000
Total cost Rs.8,000
Fixed cost Rs.2,000
Net profit Rs.2,000
Q.5 Calculate Average Rate of Return for Project A and Project B from the
following:
10
Project A Project B
Investment Rs.20,000 Rs.30,000
Expected life (No salvage value) 4 Years 5 Years
Projected net income, after interest, depreciation and taxes-
Year Project A
Rs
Project B
Rs.
1 2000 3000
2 1500 3000
3 1500 2000
4 1000 1000
5 1000
Total 6000 10,000
If required rate of return is which project should be undertaken
OR
From the following data calculate material price variance, material usage
variance and material mix variance. Consumption per 100 units of product.
10
Material Standard Actual
A 40 units Rs.50 per unit 50 units Rs.50 per unit
B 60 units Rs.40 per unit 60 units Rs.45 per unit
MANAGEMENT ACCOUNTING
Day Date: Monday, 24-04-2017 Max. Marks: 50
Time: 02.30 PM to 05.00 PM
Instructions: All questions are compulsory
Figures to the right indicate full marks.
Use of calculator is allowed.
Q.1 Choose the correct alternatives: 10
Accounting is a system which makes every one responsible and
conscious for the job that is entrusted to him by his supervisor
Cost Financial
Historical Responsibilities
The technique of decision making by comparing total cost and total revenue
of different alternatives is called costing.
Absorption Standard Differential Variable
Budget is useful for control and guidance at all levels from top to
bottom.
Fixed Performance Cash Sales
The organized method of providing each manager with all the
data and only those data which he needs for his decision.
Management Information System Budegting
Reporting Absorption Costing
Poor working condition is the reason for variance.
Material mix Labour mix
Material usage Labour efficiency
is formal communication, mostly written, which generally moves
upward.
Authority Responsibilities
Report Budget
costing is helpful for measurement of profitability of different lines of
production.
Standard Marginal Uniform Actual
Fixed cost divided is equal to Break Even Point.
Contribution per unit Profit per unit
Sales per unit Cost per unit
If P/V ration is 25% and fixed cost Rs.35,000 then break even sales are
1,50,000 70,000 8,750 1,40,000
Page 1 of 2
SLR-Q-79
10) is blue print of the projected plan of action to be carried out during
specific period in future.
Marginal cost Standard cost
Budget Working capital
Q.2 Write short notes on: 10
Responsibility Accounting
Essentials of Ideal report
Q.3 Selling price per unit Rs.100. Variable cost per unit Rs.60. Fixed cost
Rs.20,000. Actual sales Rs.2,00,000. Calculate break even point in units
and break even point in value.
05
From the following information calculate marginal cost statement and
profit volume Ratio
05
Fixed cost Rs.3,00,000
Variable cost Rs.6,00,000
Net profit Rs.1,00,000
Sales Rs.10,00,000
Q.4 Using the following information calculate Labour cost variance, Labour rate
Variance, Labour efficiency variance and Idle time variance
10
Direct wages Rs.3,00,000
Standard hours 16000 hrs.
Standard Rate Rs.15 per hour
Actual hours paid 15000 hrs. out of which 500 hrs. are not worked (Abnormal)
OR
From the following details find out Profit Volume Ratio, Break even point,
margin of safety.
10
Sales Rs.10,000
Total cost Rs.8,000
Fixed cost Rs.2,000
Net profit Rs.2,000
Q.5 Calculate Average Rate of Return for Project A and Project B from the
following:
10
Project A Project B
Investment Rs.20,000 Rs.30,000
Expected life (No salvage value) 4 Years 5 Years
Projected net income, after interest, depreciation and taxes-
Year Project A
Rs
Project B
Rs.
1 2000 3000
2 1500 3000
3 1500 2000
4 1000 1000
5 1000
Total 6000 10,000
If required rate of return is which project should be undertaken
OR
From the following data calculate material price variance, material usage
variance and material mix variance. Consumption per 100 units of product.
10
Material Standard Actual
A 40 units Rs.50 per unit 50 units Rs.50 per unit
B 60 units Rs.40 per unit 60 units Rs.45 per unit
Other Question Papers
Subjects
- (research methodology) (for external student)
- (research methodology) (for regular student)
- advanced accountancy (paper - i)
- advanced accountancy (paper - iii)
- advanced accountancy (paper – i)
- advanced accountancy (paper – ii)
- advanced accountancy (paper – iii)
- advanced accountancy (paper – iv)
- advanced accountancy – i
- advanced accountancy – ii
- advanced accountancy – iii
- advanced accountancy – iv
- advanced accountancy(paper – iv)
- advanced accountancy(paper-ii)(auditing)
- advanced banking & financial system (paper - i)
- advanced banking & financial system (paper - iii)modern banking
- advanced banking & financial system (paper – i)
- advanced banking & financial system (paper – ii)
- advanced banking & financial system (paper – iii)
- advanced banking & financial system (paper – iv)
- advanced banking – i
- advanced banking – ii
- advanced banking – iii
- advanced banking – iv
- advanced costing (paper - i)
- advanced costing (paper – i)
- advanced costing (paper – ii)
- advanced costing (paper – iii)
- advanced costing (paper – iv)
- advanced costing (paper–iv)(research methodology) (for external student)
- advanced costing(research methodology) (for regular student)
- advanced statistics (paper - i)
- advanced statistics (paper - iii)
- advanced statistics (paper – i)
- advanced statistics (paper – ii)
- advanced statistics (paper – iii)
- advanced statistics (paper – iv)
- business finance (compulsory paper – iv)
- business finance – i
- business finance – ii
- e-commerce
- entrepreneurship (oet)
- industrial statistics
- industrial statistics and demography
- international business
- management accounting (compulsory paper – iii)
- management accounting – i
- management accounting – ii
- management concepts
- management concepts & organizational behaviour (comp. – i)
- managerial economics (comp – i)
- managerial economics (comp. – ii)
- managerial economics – i
- managerial economics – ii
- organizational behavior
- taxation (paper - i)
- taxation (paper – i)
- taxation (paper – ii)
- taxation (paper – iii)
- taxation (paper – iv)