P. G. D. B. M. (Semester - I),University Of Pune Question Paper,2010 Question Paper,MANAGEMENT ACCOUNTING

University Of Pune Question Paper
P. G. D. B. M. (Semester - I) Examination - 2010
MANAGEMENT ACCOUNTING
(New 2008 Pattern)
Time : 3 Hours] [Max. Marks : 70
Instructions :
(1) Q. No. 1 is compulsory and attempt any two questions from
each section.
(2) Figures to the right indicate full marks.
(3) Use of simple calculater is allowed.
Q.1) Explain the following : [10]
(a) Money Measurement Concept
(b) Accured Concept
SECTION - I
Q.2) What do you mean by Elements of Cost ? Which items are excluded
from preparation of Cost Sheet ? Draw a Format of Cost Sheet. [15]
Q.3) What is Budgetary Control ? Explain main objectives and steps
required in Budgetary Control. [15]
Q.4) How do Management and Financial Accounting differ ? Are there any
similarities between the two ? [15]
Q.5) Write short notes : (Any Three) [15]
(a) Types of Stores
(b) Types of Accounts
(c) Idle Time
(d) Trial Balance
SECTION - II
Q.6) The following information is obtained from a Company for January,
2010 : [15]
Sales Rs. 20,000
Variable Cost Rs. 10,000
Fixed Cost Rs. 6,000
Calculate P/V Ratio, B.E.P. and Margin of Safety at this level and the effect
of :
(a) 20% decrease in Fixed Cost
(b) 10% decrease in Variable Cost
(c) 10% increase in Selling Price
(d) 20% decrease in Selling Price
Q.7) Standard Labour Hours and Rate for Production of Article ‘A’ are given
below :
Hours Rate (Rs.) Total (Rs.)
Skilled Worker 5 1.50 per hour 7.50
Unskilled Worker 8 0.50 per hour 4.00
Semi-skilled Worker 4 0.75 per hour 3.00
14.50
Actual Data :
Articels Produced 1,000 units
Skilled Worker 4,500 Hours 2.00 per hour 9,000
Unskilled Worker 10,000 Hours o.45 per hour 4,500
Semi-skilled Worker 4,200 Hours 0.75 per hour 3,150
16,650
Calculate :
(a) Labour Cost Variance
(b) Labour Rate Variance
(c) Labour Efficiency Variance
(d) Labour Mix Variance [15]
Q.8) Prepare a Flexible Budget for Overheads on the basis of the following
data. Ascertain overhead rate at 50%, 60% and 70% capacity. (Data
at 60% capacity is given below) [15]
Variable Overhead : at 60% Capacity (Rs.)
Indirect Material 3,000
Indirect Labour 9,000
Electricity (40% fixed, 60% variable) 15,000
Repairs (80% fixed, 20% variable) 1,500
Depreciation 8,250
Insurance 2,250
Salaries 7,500
Q.9) You are required to find out :
(a) Direct Material Cost Rate, (b) Direct Labour Cost Rate, (c) Direct
Labour Hours, (d) Prime Cost Rate from the following particulars :
Total Overheads for the period Rs. 12,500
Total Direct Labour Cost (Direct) Rs. 4,000
Total Material used or
Direct Material Cost Rs. 5,000
Total Direct Labour Hours Rs. 1,000 [15]
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