Exam Details
| Subject | Accounting for Managerial Decisions | |
| Paper | ||
| Exam / Course | Post Graduate Diploma in International Business Operations/ Masters of Commerce | |
| Department | School of Management Studies (SOMS) | |
| Organization | indira gandhi national open university | |
| Position | ||
| Exam Date | December, 2016 | |
| City, State | new delhi, |
Question Paper
1. Define Accounting. Describe principal objectives
2. Explain the concept of cost and its nature. Distinguish between direct costs and indirect costs.
3. What is Fund Flow Statement? Examine its uses and significance for management.
4. Define 'budget' and 'budgeting'. Discuss its utility and limitations.
5. Classify the budgets on the basis of time, function and flexibility.
6. What do you understand by Cost Volume Profit relationship? Why is this relationship important in managerial decision making?
7.The comparative figures of A Ltd. and B Ltd. are given below:
A Ltd. B Ltd.
Total Assets 4,00,000 6,00,000
Total Liabilities 80,000 2,00,000
Proprietor's Fund 3,20,000 4,00,000
Calculate the Debt Equity Ratio for each Company and comment.
8. Standard cost of product is
Time: 6 hours per unit
Rate: Rs 4 per hour
Actual Cost:
Production 1,500 units
Hours taken 7,600
Idle Time(Hours) 400
Total Hours 8,000
Total Labour cost amounted to Rs 40,000. Calculate Labour Variance.
9. X.Co. wishes to prepare a production budget in respect of three products Band the sales forecast for which is 83,200 units 72,840 units and 88,400 units respectively. The estimated requirement of inventory both at the beginning and at the end of the budget period are shown in the following schedule:
Inventory Schedule
Products
A B C
1st January (units) 16,000 12,000 20,000
31st December 20,800 11,160 27,600
You are requested to draw up the production Budget.
2. Explain the concept of cost and its nature. Distinguish between direct costs and indirect costs.
3. What is Fund Flow Statement? Examine its uses and significance for management.
4. Define 'budget' and 'budgeting'. Discuss its utility and limitations.
5. Classify the budgets on the basis of time, function and flexibility.
6. What do you understand by Cost Volume Profit relationship? Why is this relationship important in managerial decision making?
7.The comparative figures of A Ltd. and B Ltd. are given below:
A Ltd. B Ltd.
Total Assets 4,00,000 6,00,000
Total Liabilities 80,000 2,00,000
Proprietor's Fund 3,20,000 4,00,000
Calculate the Debt Equity Ratio for each Company and comment.
8. Standard cost of product is
Time: 6 hours per unit
Rate: Rs 4 per hour
Actual Cost:
Production 1,500 units
Hours taken 7,600
Idle Time(Hours) 400
Total Hours 8,000
Total Labour cost amounted to Rs 40,000. Calculate Labour Variance.
9. X.Co. wishes to prepare a production budget in respect of three products Band the sales forecast for which is 83,200 units 72,840 units and 88,400 units respectively. The estimated requirement of inventory both at the beginning and at the end of the budget period are shown in the following schedule:
Inventory Schedule
Products
A B C
1st January (units) 16,000 12,000 20,000
31st December 20,800 11,160 27,600
You are requested to draw up the production Budget.
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Subjects
- Accounting for Managerial Decisions
- Business Environment
- Export- Import Procedures and Documentation
- Financial Management
- I n d i a s F o r e i g n T r a d e
- International Business Environment
- International Business Finance
- International Marketing Logistics
- International Marketing Management
- Marketing Management
- Organisation Theory and Behavior
- Research Methodology and Statistical Analysis