Master of Business Administration- MBA Semester 1 MB0041 -Financial. Management Accounting – four Credits (Book ID:B1130) Assignment Set- 1 (60 Marks) Note: Each Question carries 10 marks. Answer all of the questions. Q1. The Balanced Score Card is a framework for integrating measures derived from strategy. Take an Indian company which has adopted stability rating card successfully. Explain how it had derived advantages out of this framework. Q2. What is DuPont evaluation? Explain all the ratios involved in this evaluation. Your reply should be supported with the chart. Q3. Accounting Principles are the foundations based on which accounting takes place and these rules are universally accepted. Explain the ideas of materiality. Principles of full disclosure. Explain why these two rules are contradicting each other. Your answer needs to be substantiated with relevant examples. Q4. Explain any two kinds of errors which can be disclosed by trial stability with examples and rectification entry. Note – Avoid giving examples given within the self- studying 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 – 4 Credits (Book ID:B1130) Assignment Set- 2 (60 Marks) Note: Each Question carries 10 marks. Answer all of the questions. Q1. Illustration 1: Compute the cash movement from working activities Profit and Loss Account To By Cost of goods bought 4,00,000 Sales including money sales 1,00,000 5,00,000 Office expenses 12,000 Profit on sale of land 30,000 Selling expenses 8,000 Interest on investment 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 working activities= 76000 Q2. The following herbal 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, fee, insurance and Works bills 40,000 Opening inventory Raw materials Finished items (a thousand items) 20,000 16,000 Work in progress: opening closing 4, 800 16, 000 Closing inventory: raw material F. Goods (2,000 tons) 22, 240 Carriage inwards 1, 440 Sale of completed items 3, 00,000 Cost of factory 8,000. Advertising, reductions allowed and selling prices Re.1 per ton bought. Production during the yr 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 lower-items of cloth to manufacture dolls. The next assertion of price has been prepared. Particulars Readymade garments Dolls Total Direct material Rs. 80,000 Rs. 6,000 Rs. In case you loved this information and you would like to receive more details about polyphenols extract (click here to visit devpost.com for free) generously visit our own internet site. 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 lower-items used in dolls have a scrap value of Rs 1,000 if bought in the market. As there’s a lack of Rs. 1,000 in the manufacturing of dolls, it is advised to discontinue their manufacture. Advise the management. Hint : Total value=Readymade garments 134000; Doll= 13000 and total=147000 Q4. Describe the important options of budgetary control. Q5. Briefly describe labor combine variance and yield variance. Q6. How is standard costing related to budgetary control?