Documents
Resources
Learning Center
Upload
Plans & pricing Sign in
Sign Out

MCO 05 (PDF)

VIEWS: 2 PAGES: 4

IGNOU Management Program: Banking and Finanace Old Question Paper

More Info
									                     MASTER OF COMMERCE
                         Term-End Examination
                           December, 2OO7


                    MCO-05 : ACCOUNTINGFOR
                     MANAGERIALDECISIONS

T ' i m e ;3 h o u r s                           Msximum Marks : 700


Note :        Attempt  any fiue   questions. AII questions carry
               equal mqrks.


                            'management
1.    I-xplain the term                   accounting'. What are the
      limitations of management accounting ?                      5+75


2.    What do you mean by cash flow statement ? How does
       cash fiow statement analysis help the management ?         5+75



3.     Explain the significance of ratio analysis and also state its
       limitations.                                               70+70


4.     What is zero based budgeting ? What are the advantages
       and disadvantagesof zero based budgeting ?                6+7+7




MCO-05                                                           P,T.O.
5.   What is differential costing ? Explain the practical
     significance differential
                of           costing.                                       5+15


6-   (a)    What do you mean by break even point ?

     (b)    The     following    data relates to        ABC      Company
            l-imited :


                                        Products

                                                                   Total
                                            Y            L
                                                                   (Rs.)

      Sales
      (4 0 : 50    : 1 0 ) 8 0 , 0 0 0 1 , 0 0 , 0 0 0 0 , 0 0 02 , 0 0 , 0 0 0
                                                      2
      (R s . )

      Variable    cost
      (Rs.)
                            50,ooo 60,ooo1o,ooo1,2o,ooo

      Contribution
      (Rs.)                 3o'ooo 4 0 , 0 0 0 1 0 , 0 0 0 8 0 , 0 0 0

      Iiixed cost (Rs.)

      Profit (Rs.)                                                30,000

     Calculate :

     (i)    I3reak even point, and

     (ii)   Break even point if sales mix ratio                changed to
            30:50 20.                                                    5+5+70



M CO-05
7.   In a manufacturing concern, the standard time fixed for a
     month is 8,000 hours. A stanclardwage rate of Rs. 2.25
     per hour has been {ixed. During one month, 50 workers
     were employed and average working <laysin a month are
     25. A worker works [or 7 hours in a day. ]'otal wage bill
     of the factory for the month amounts to Rs. 2l,B7S. There
     was a stoppage of work due to power failure for 100 hours.

     Calculate the following :

     (i)     I-abour cost variance

     (ii)    l-abour rate variance

     (iii)   I-abour efficiencv variance

     (iv)    Idle time uuriun.u                          S+S+S+S


8.   A manufacturing company is presenlly working at 500/o
     capacity and produces 1000 units at a cost of Rs. 360 per
     unit. l'he details of costs are given below :

                                     Rs.
      Material                       200
      I-abour                        60
      Factory overhead               60 (Rs.24 fixed)
      Adminislrative O.H.            40 (Rs.20 fixed)
                   'l-otal ':
                                Rs. 360



M CO-05                                                     P,T.O.
     The current selling price of the product per unit is
     Rs. 400. At 600/0 of its capacity, material cost per unit
     increases by 2o/oand selling price per unit falls by 2o/o.

     At 800/oof its capacity, material cost per unit increases by
                                               You are required
     5%oand selling price per unit falls by 5%0.
     to estimate profits at 600/o and 80%o level of output and
     offer your suggestion to the management.                       20


9.   Write short notes on any two of the following :              70+10
     (a)   Objectives of reporting

     (b)   Responsibility accounting

     (.)   Revision of standards

     (d)   Inflation accounting




M CO-05

								
To top