QUESTION BANK AND SOLVED QUESTION PAPERS FOR AHSEC CLASS 12 EXAM

DYNAMIC TUTORIALS DISTANCE COACHING CLASSES

 COACHING PROVIDED FOR: FEATURES: v NIOS v IGNOU v B.COM (DISTANCE ) v M.COM (DISTANCE) v ONLINE AND OFFLINE NOTES v SOLVED QUESTION PAPERS v FREE ONLINE SOLVED ASSIGNMENTS v GUIDE BOOKS

Address: Near Jivan Jyoti Hospital, Tinsukia College Road; Contact Person: Naveen Mahato, 8876720920

Monday, March 19, 2012

Dibrugarh University - Management Accounting (2010)

1 (a) “Management Accounting has been evolved to meet the need of Management.” Explain this statement fully.
or
(b) Discuss the major limitations of Managemnet Accounting. State briefly the essential conditions for success of Management Accounting.
2(a) From the following particulars, calculate Break—evan  point in units. What will be selling price per unit if the break—even point is brought down to 10000 units?
 Selling price (per unit) Rs. 20 Variable cost (per unit) Rs. 16 Fixed expenses 60,000
(b)From the following information, you are required to find out -----
(i) margin of safety;
(ii) volume of sales required to earn a profit of 10% on sales :
 Total fixed cost (in Rs) 4,500 Total variable cost (in Rs) 7,500 Total sales (in Rs) 15,000 Sales (in units) 5000

Or
Marginal   costing is a very useful  teachnique management for cost control, profit  planing and decision –making.” Explain.
3. (a) Xyz co LTD.has given the following particulars, you are required to prepare a cash budget for three months ending 31st December, 2009:
 Months Sales Materials Wages Overheads August September October November December 20000 21000 23000 25000 30000 10200 10000 9800 10000 10800 3800 3800 4000 4200 4500 1900 2100 2300 2400 2500
1.       Credit   terms  are  sales/debtors---20% sales are on cash basis, 50% of the credit sales are collected next month and the balance  in the following month
2.       Creditors----material 2 months
3.       Lag in payment of : Wages---  1/4  month, Overheads – ½ months
4.       Cash balance on 1st  october,2009 is expected to be Rs 10,000
5.       A machinery will be installed in August 2009 at a cost of Rs  1,00,000. The monthly instalment of Rs 7,500 is payable from  October onward
6.       Dividend at 10% on preference share capital of Rs 3,00,000 will be paid on 1st December,2009
7.       Advance to be received for sale of vehicle Rs 20,000 in December
8.       Income-tax (advance) to be paid in December Rs. 5,000.
Or
(b) Explain briefly the objectives and limitations of budgetory control.
4(a) The standard cost of a chemical mixture is as under:
40 Kg of material X at Rs 20 per Kg
60  Kg of material Y at Rs 30 per Kg
A standard loss of 10% of input is expected in production.
The cost records for a period showed the following usage :
90 Kg of material X at Rs 18 per Kg
110 Kg of material Y at Rs 32 per kg
The quantity produced was 182 Kg of good  products.
Calculate -----
(i)material cost variance;
(ii)material price variance;
(iii) material usage variance;
(iv)material mix variance;
(v) material yield variance. Verify your result.
Or
(b) what is standard costing? How does it help in keeping a control over cost ? point out its limitations.
5(a) Discuss the importance or significance of Funds—flow  statement. How do you determine wherher a particular change is in the nature of a source or of an  application of fund ?
Or
(b) Following are comparative Balance of good Luck co. Ltd. As on 31st march :
 Liabilities 2008 2009 Assets 2008 2009 Share Capital Debentures General Reserve Profit and Loss A/c Income Tax Provision Trade Creditors Bills Payable Provision for Doubtful Debts 1000000 500000 200000 110000 40000 50000 20000 30000 1100000 300000 200000 190000 110000 40000 30000 24000 Goodwill Land and Building Plant and Machinery Closing Stock Debtors Cash Preliminary Expenses 50000 420000 600000 250000 300000 300000 30000 40000 660000 800000 210000 240000 24000 20000 1950000 1994000 1950000 1994000