Management Accounting Question Papers 2015 [Gauhati University BCom 5th Sem Papers]

In this Post we have shared the Gauhati University BCom Management Accounting Question Paper 2015 is now very helpful for FYUGP NEP BCom 5th Sem Accountancy Major Students of Gauhati University. So, read this Management Accounting Question Paper 2015 of Gauhati University BCom 5th Sem Accountancy Major.

Management Accounting Question Papers 2015, Gauhati University Question Papers B.Com 5th SEM CBCS Pattern

Gauhati University Question Papers

MANAGEMENT ACCOUNTING (May-June'2015)

(MAJOR)

Full Marks: 80

Time: 3 hours

The figures in the margin indicate full marks for the questions 

1. (a) State whether the following statements are True or False:                                            1x5=5

1)         Management Accounting deals only with that information which useful to the management.

2)         Profit volume ratio can be improved by reducing the fixed cost.

3)         Financial Accounting is the base of Management Accounting.

4)         Flexible Budgets change with the change in level of activity.

5)         Control in Standard Costing is achieved by variance analysis.

(b) Fill in the blank with appropriate word/words:                                                  1x5=5

1)         Excess of contribution over fixed cost is known as _____.

2)         A budget which consolidates the organisations overall plan is called _____ budget.

3)         Management Accounting is the accounting for _____ management.

4)         Standard cost is a _____ cost.

5)         Profit volume ratio is also known as _____ ratio.

(c) Write brief answers to the following in about 50 words each:                               2x5=10

1)         What are the purposes of standard costing?

2)         Mention and explain any two of the objectives of Management Accounting.

3)         What are the features of Marginal Costing?

4)         Explain the objectives of Budgetary Control.

5)         What are the components of material cost variance?

2. Write short notes on any four of the following:                                                  5x4=20

a)         Nature of Management Accounting.

b)         Meaning of marginal cost and marginal costing.

c)          Five advantages of standard costing.

d)         Characteristics of good budgeting.

e)         Features of marginal costing.

f)          Distinction between budget and standard.

3. Why is Management Accounting treated as a separate discipline other than Financial Accounting?     10

Or

Explain the role of computer in managerial decision making process.         10

4. Following are the information obtained from the books of Assam Ltd.:            2x5=10

Fixed cost Sales Variable cost

Rs. 1,60,000 Rs. 100 per unit Rs. 90 per unit

Calculate:

a)         P/V ratio.

b)         Break even sale.

c)          Break even units.

d)         Sales to earn a profit of Rs. 40,000.

e)         Profit when sales are Rs. 20,00,000.

Explain the uses of Marginal Costing by Management in decision making process.

5. From the following particulars, compute (a) Labour Cost Variance, (b) Labour Rate Variance, (c) Labour Efficiency Variance, (d) Idle time variance and (e) Managerial uses of such Variances:   2x5=10

Standard hours Standard wage rate Actual hours Actual wage rate Time lost due to machine breakdown is 300 hours.

5,000 Rs. 4 per hour 6,000 Rs. 3.50 per hour

Or

Explain the factors which are considered in establishment of standard cost.           10

6. A company is expected to have Rs. 47,500 cash in hand on 1^st April, 2015. From the following information, prepare a cash budget for the three months from April, 2015 to June, 2015.  10

Months	Sales (Rs.)	Purchases (Rs.)	Wages & Other Expenses (Rs.)
February March April May June	90,000 1,00,000 1,20,000 1,35,000 1,40,000	45,000 48,000 55,000 60,000 63,500	27,000 28,000 30,000 32,000 33,000

Other information:

1)         Period of credit allowed by suppliers is 2 months.

2)         30% of sales is for cash and period of credit allowed to customers is 1 month.

3)         Delay in payment of wages and other expenses is 1 month.

4)         Income tax of Rs. 37,500 is due to be paid in June, 2015.

5)         Plant has been ordered to be received and paid in May, 2015 for replacement of old one in the same month. The new plant under order will cost Rs. 90,000, while the resale value of old one has been agreed upon and to be received for Rs. 17,500

Or

“Budgetary Control improves planning, aids in co-ordination and helps in having comprehensive control.” – Explain in relation to application of Budgetary Control.     10

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