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    Assignment Drive SPRING 2017 Program MBA Semester I Ssubject Code & Name MBA104 Financial and Management Accounting BK Id B1624 Credit 4 Marks 60

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    rakesh
    This document contains information about an assignment for an MBA Financial and Management Accounting course. It includes 3 questions in each of 2 sets for a total of 6 questions worth 60 marks. Question 1 in Set 1 asks students to calculate MCSR, break-even sales, and break-even sales if price is reduced 10% and costs increase for a company. Question 2 asks students to explain different costing methods with examples. Question 3 provides budget information and asks students to prepare a cash budget. The second set includes similar calculation and explanation questions around variances, errors not affecting trial balance, and preparing a cost sheet.

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    Assignment Drive SPRING 2017 Program MBA Semester I Ssubject Code & Name MBA104 Financial and Management Accounting BK Id B1624 Credit 4 Marks 60

    Uploaded by

    rakesh
    24 views3 pages
    This document contains information about an assignment for an MBA Financial and Management Accounting course. It includes 3 questions in each of 2 sets for a total of 6 questions worth 60 marks. Question 1 in Set 1 asks students to calculate MCSR, break-even sales, and break-even sales if price is reduced 10% and costs increase for a company. Question 2 asks students to explain different costing methods with examples. Question 3 provides budget information and asks students to prepare a cash budget. The second set includes similar calculation and explanation questions around variances, errors not affecting trial balance, and preparing a cost sheet.

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    This document contains information about an assignment for an MBA Financial and Management Accounting course. It includes 3 questions in each of 2 sets for a total of 6 questions worth 60 marks. Question 1 in Set 1 asks students to calculate MCSR, break-even sales, and break-even sales if price is reduced 10% and costs increase for a company. Question 2 asks students to explain different costing methods with examples. Question 3 provides budget information and asks students to prepare a cash budget. The second set includes similar calculation and explanation questions around variances, errors not affecting trial balance, and preparing a cost sheet.

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    24 views3 pages

    Assignment Drive SPRING 2017 Program MBA Semester I Ssubject Code & Name MBA104 Financial and Management Accounting BK Id B1624 Credit 4 Marks 60

    Uploaded by

    rakesh
    This document contains information about an assignment for an MBA Financial and Management Accounting course. It includes 3 questions in each of 2 sets for a total of 6 questions worth 60 marks. Question 1 in Set 1 asks students to calculate MCSR, break-even sales, and break-even sales if price is reduced 10% and costs increase for a company. Question 2 asks students to explain different costing methods with examples. Question 3 provides budget information and asks students to prepare a cash budget. The second set includes similar calculation and explanation questions around variances, errors not affecting trial balance, and preparing a cost sheet.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    ASSIGNMENT

    DRIVE SPRING 2017


    PROGRAM MBA
    SEMESTER I
    SSUBJECT CODE & MBA104
    NAME FINANCIAL AND MANAGEMENT ACCOUNTING
    BK ID B1624
    CREDIT 4
    MARKS 60

    Note The Assignment is divided into 2 sets. You have to answer all questions in both sets
    and submit as one document. Average of both assignments marks scored by you will be
    considered as your IA marks. Kindly note that answers for 10 marks questions should be
    approximately of 400 words. Each question is followed by evaluation scheme.

    Q.No Assignment Set -1 Marks Total Marks


    Questions
    Rainbow Ltd. sold goods for Rs. 30,00,000 in a year. In that year, the variable costs
    1 were Rs. 6,00,000 and fixed costs were Rs. 8,00,000.
    Find out:
    i) MCSR or P/V Ratio
    ii) Break-even sales
    iii) Break-even sales, if the selling price was reduced by 10 % and fixed costs
    were increased by Rs. 1,00,000.

    From the above find: 10


    i) MCSR or P/V Ratio 2
    ii) Break-even sales 3
    iii) Break-even sales, if the selling price 5
    was reduced by 10 % and Fixed Costs
    were increased by Rs. 1,00,000.

    The method of costing depends on the nature of the product, production method
    2 and specific business conditions. Enumerate giving examples.

    The different methods of costing and examples 5+5 10

    A company making for stock in the first quarter of the year 2017 is assisted by its
    bankers with overdraft accommodation. The following are the relevant budget
    3 figures:
    Sale (Cr.) Purchases (Cr.) Wages &Expenses
    Rs. Rs. (Cr.) Rs.
    November 2016 1,20,000 83,000 10,000
    December 2016 1,28,000 96,000 10,000
    January 2017 72,000 1,62,000 11,000
    February 2017 1,16,000 1,64,000 10,000
    March 2017 84,000 40,000 12,000

    Given the following further information you are required to prepare a Cash
    Budget for the quarter January to March 2017, showing the budgeted amount of
    bank facilities required, if any, in each month end:

    a) Budgeted cash at bank on 1st January 2017 Rs. 20,000


    b) Credit terms of sales are payment by the end of the month following the
    month of supply. On average one half of sale are paid on due date, while the
    other half are paid during the next month. Creditors are paid during the
    month following the month of supply.
    c) Wages and expenses are paid twice a month on 1st and 16th respectively.

    From the above information prepare a Cash 10 10


    Budget for the quarter January to March 2017,
    showing the budgeted amount of bank facilities
    required, if any, in each month end.

    Q.No Assignment Set -2 Marks Total Marks


    Questions
    1 ton of material input yields standard output of 1,00,000 units. The standard price
    1 of material is Rs. 20 per kg. The actual quantity of material use is 10 tons and the
    actual price paid is Rs. 21 per kg. Actual output obtained is 9,00,000 units.
    Compute Material Variances.

    From the above find: 10


    i) Material Cost Variance 4
    ii) Material Price Variance 3
    iii) Material Usage Variance 3

    There are errors which do not affect the Trial Balance and it is difficult to locate
    2 them. Do you agree ? justify your agreement/ disagreement.

    Errors not disclosed by Trial Balance 10 10

    From the following data prepare a Cost Sheet.

    3 Rs.
    Opening cost of Raw materials 30,000
    Closing stock of Raw materials 20,000
    Purchase of Raw materials 1,90,000
    Sales 6,50,000
    Prime Cost 4,10,000
    Factory Overhead 1,20,000
    Administration Overhead 90,000
    10 % of the output remained unsold. There was no Direct Expenses
    From the above information prepare a Cost Sheet 10 10

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