Master of Business Administration- MBA Semester 1 MB0041 -Financial. Management Accounting – 4 Credits (Book ID:B1130) Assignment Set- 1 (60 Marks) Note: Each Question carries 10 marks. Answer all the questions. Q1. The Balanced Score Card is a framework for integrating measures derived from technique. Take an Indian company which has adopted steadiness score card successfully. Explain the way it had derived advantages out of this framework. If you liked this information and you would certainly such as to get additional information concerning plants active ingredients (https://www.Easyfie.com) kindly browse through the internet site. Q2. What’s DuPont analysis? Explain all of the ratios concerned in this analysis. Your reply needs to be supported with the chart. Q3. Accounting Principles are the foundations based on which accounting takes place and these guidelines are universally accepted. Explain the rules of materiality. Principles of full disclosure. Explain why these two rules are contradicting each other. Your answer must be substantiated with related examples. Q4. Explain any two types of errors which are disclosed by trial stability with examples and rectification entry. Note – Avoid giving examples given within the self- learning materials. Q5. Distinguish between financial accounting. Management accounting Q6. Distinguish between monetary accounting. Management accounting Q6. Master of Business Administration- MBA Semester 1 MB0041 -Financial. Management Accounting – four Credits (Book ID:B1130) Assignment Set- 2 (60 Marks) Note: Each Question carries 10 marks. Answer all the questions. Q1. Illustration 1: plants active ingredients Compute the cash stream from working activities Profit and Loss Account To By Cost of goods bought 4,00,000 Sales together with cash gross sales 1,00,000 5,00,000 Office bills 12,000 Profit on sale of land 30,000 Selling expenses 8,000 Interest on funding 20,000 Depreciation 6,000 Loss on sale of plant 4,000 Goodwill written off 3,000 Income tax 7,000 Net Profit 1,10,000 5,50,000 5,50,000 Balance Sheet as on ………. MARCH 31 2006 2007 Stock 30,000 28,000 Debtors 15,000 12,000 Bills Receivable 6,000 8,000 Creditors 10,000 12,000 Bills Payable 8,000 5,000 Outstanding bills 4,000 5,000 Hint: Net money from operating actions= 76000 Q2. The next extract refers to a commodity for the half 12 months ending thirty first March 2008. Prepare a price assertion.
Spring / February 2012
Purchase of raw supplies 1, 20,000 Direct wages 1, 00,000 Rent, rate, herbal ingredients extract insurance and Works expenses 40,000 Opening inventory Raw supplies Finished items (one thousand units) 20,000 16,000 Work in progress: opening closing 4, 800 16, 000 Closing inventory: uncooked material F. Goods (2,000 tons) 22, 240 Carriage inwards 1, 440 Sale of finished items 3, 00,000 Cost of manufacturing unit 8,000. Advertising, discounts allowed and selling costs Re.1 per ton offered. Production during the year is 16,000 tons. Prepare a price sheet. 300000 Q3. Avon garments Ltd manufactures readymade garments. Uses its cut-items of cloth to manufacture dolls. Avon garments Ltd manufactures readymade garments. Uses its reduce-pieces of cloth to manufacture dolls. The following assertion of cost has been prepared. Particulars Readymade garments Dolls Total Direct materials Rs. 80,000 Rs. 6,000 Rs. 86,000 Direct labour 13,000 1,200 14,200 Variable overheads 17,000 2,800 19,800 Fixed overheads 24,000 3,000 27,000 Total value 1,34,000 13,000 1,47,000 Sales 1,70,000 12,000 1,82,000 Profit (loss) 36,000 (1,000) 35,000 The minimize-items used in dolls have a scrap value of Rs 1,000 if bought available in the market. As there’s a loss of Rs. 1,000 within the manufacturing of dolls, it is steered to discontinue their manufacture. Advise the management. Hint : Total cost=Readymade garments 134000; Doll= 13000 and total=147000 Q4. Describe the essential options of budgetary control. Q5. Briefly describe labor mix variance and yield variance. Q6. How is customary costing related to budgetary control?
