University Of Pune Question Paper
M.M.M. (Semester – I) Examination, 2014
103 : FUNDAMENTALS OF MANAGEMENT ACCOUNTING
(2008 Pattern)
Time : 3 Hours Max. Marks : 70
Instructions : 1) Attempt any three questions from Section I and any two from
Section – II.
2) All questions carry equal marks.
3) Use of non-programmable calculator is allowed.
SECTION – I
1. What do you mean by overheads ? Explain allocation and apportionment of overheads with
suitable examples.
2. Explain nature, characteristics and features of Financial Accounting and Cost Accounting.
How are they related to each other ?
3. Explain in detail meaning of ‘Budget’ and ‘Budgetary control’. What are the different types of
Budgets ?
4. Write short notes on (any two) :
1) ABC Analysis
2) Transfer pricing
3) Standard costing
4) Break even point
SECTION – II
5. From the following information of Rushikesh Ltd. calculate :
a) P/V Ratio
b) Profit when sales are Rs. 40,000 and
c) New Break even point if selling price is reduced by 10%
Fixed Cost = Rs. 8,000
Break even point = Rs. 20,000
Variable Cost = Rs. 60 per unit
Seat
No.
P.T.O.
[4673] – 13
6. Prepare stores Ledger as per LIFO and FIFO method from the following data.
June 1996
1 Purchased 1000 kg at Rs. 2.50
5 Purchased 2000 kg at Rs. 2.00
8 Issued 2200 kg.
15 Issued 300 kg.
20 Purchased 2000 kg at Rs. 2.20
22 Issued 1000 kg.
24 Purchased 1800 kg. at Rs. 2.60
27 Purchased 1200 kg. Rs. 2.50
28 Issued 2600 kg.
30 Issued 100 kg.
Prepare stores Ledger account
7. Prepare a flexible budget from the following data of overheads. Determine the overhead
rates at 50%, 60% and 70% capacity
Particulars At 60% Capacity
Rs.
Variables overheads :
Indirect Materials 3,000
Indirect labour 9,000
Semi variable overheads
Electricity [40% fixed] 15,000
Repairs [20% variable, 80% fixed] 1,500
Fixed overheads
Depreciation 8,250
Insurance 2,250
Salaries 7,500
Total overheads 46,500
Estimated direct labour hours 93,000
__________________
B
M.M.M. (Semester – I) Examination, 2014
103 : FUNDAMENTALS OF MANAGEMENT ACCOUNTING
(2008 Pattern)
Time : 3 Hours Max. Marks : 70
Instructions : 1) Attempt any three questions from Section I and any two from
Section – II.
2) All questions carry equal marks.
3) Use of non-programmable calculator is allowed.
SECTION – I
1. What do you mean by overheads ? Explain allocation and apportionment of overheads with
suitable examples.
2. Explain nature, characteristics and features of Financial Accounting and Cost Accounting.
How are they related to each other ?
3. Explain in detail meaning of ‘Budget’ and ‘Budgetary control’. What are the different types of
Budgets ?
4. Write short notes on (any two) :
1) ABC Analysis
2) Transfer pricing
3) Standard costing
4) Break even point
SECTION – II
5. From the following information of Rushikesh Ltd. calculate :
a) P/V Ratio
b) Profit when sales are Rs. 40,000 and
c) New Break even point if selling price is reduced by 10%
Fixed Cost = Rs. 8,000
Break even point = Rs. 20,000
Variable Cost = Rs. 60 per unit
Seat
No.
P.T.O.
[4673] – 13
6. Prepare stores Ledger as per LIFO and FIFO method from the following data.
June 1996
1 Purchased 1000 kg at Rs. 2.50
5 Purchased 2000 kg at Rs. 2.00
8 Issued 2200 kg.
15 Issued 300 kg.
20 Purchased 2000 kg at Rs. 2.20
22 Issued 1000 kg.
24 Purchased 1800 kg. at Rs. 2.60
27 Purchased 1200 kg. Rs. 2.50
28 Issued 2600 kg.
30 Issued 100 kg.
Prepare stores Ledger account
7. Prepare a flexible budget from the following data of overheads. Determine the overhead
rates at 50%, 60% and 70% capacity
Particulars At 60% Capacity
Rs.
Variables overheads :
Indirect Materials 3,000
Indirect labour 9,000
Semi variable overheads
Electricity [40% fixed] 15,000
Repairs [20% variable, 80% fixed] 1,500
Fixed overheads
Depreciation 8,250
Insurance 2,250
Salaries 7,500
Total overheads 46,500
Estimated direct labour hours 93,000
__________________
B
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