Total No. of Questions—5] [Total No. of Printed Pages—3
Seat
No. [5373]-12
P.G.D.H.M. Semester) EXAMINATION, 2018
102 MANAGERIAL ACCOUNTING AND FINANCIAL MANAGEMENT
(2009 PATTERN)
Time Three Hours Maximum Marks 70
N.B. All questions are compulsory.
(ii Figures to the right indicate full marks.
(iii Use of simple calculator is allowed.
1. State whether the following statements are true or false
Balance sheet is a statement not an account.
Debit what goes out and credit what comes in.
Wages appearing in trial balance is debited to profit and
Loss Account.
Ratio analysis is one of the tool of financial statement
analysis.
Total of direct material, direct labour and direct expenses
is called a prime cost.
Fill in the blanks with correct word given in the bracket
Depreciation is......................... account.
(Real, Nominal, Personal)
Money withdrawn from business by the proprietor for
his personal use, is called as.......................
(Loan, Capital, Drawings)
Money value of the reputation of business is called as...........
(Copyright, Goodwill, Patent)
Journal is the book of...........................entry.
(Prime, Secondary, Third)
[5373]-12 2
2. Write short notes on (any three)
Any 2 conventions of financial accounting
Break-even point
Cash Budget
Working capital
Double entry book-keeping system.
3. From the following information prepare cost sheet and calculate prime
cost, factory cost, cost of production, total cost and profit
Particulars Rs.
Opening stock of raw material 1,14,300
Indirect wages 96,000
Purchases of raw material 4,83,600
Gas and water expenses 2,500
Factory rent 5,000
Postage 3,500
Closing stock of raw material 1,69,000
Advertising 80,000
Audit fees 4,500
Power 10,000
Factory electricity 12,500
Office salaries 39,000
Store-keeper wages 4,000
Wages to maintenance workers 25,600
Machinery repairs 4,500
Depreciation of machinery 13,600
Works salary 45,000
Travelling expenses of salesmen 12,900
Sales 9,00,000
[5373]-12 3 P.T.O.
4. The reliable company gives you the following information
Particulars Year 2016
First half Second half
Sales 8,10,000 10,26,000
Profit earned 21,600 64,800
You are required to compute the following
P/V Ratio
Break-even point (in Rs.)
Profit or loss where sales are Rs. 6,48,000
Sales required to earn the profit of Rs. 1,08,000
Margin of safety for second half of the year 2016.
5. For the production 10,000 electrical automatic Irons the following
are budgeted expenses
Particulars P.U.
Direct material 60.00
Direct labour 30.00
Direct variable expenses 05.00
Fixed factory overheads
(Total Rs. 1,50,000) 15.00
Variable factory overheads 25.00
Selling overheads fixed) 15.00
Administration overheads
(Total Rs. 50,000 rigid for
all the levels of production) 05.00
Distribution overheads
fixed) 05.00
Total cost 160.00
Prepare a flexible budget for the production of 6,000 and 7,000 Irons
and find out total cost.