Management Accounting Question Paper 2025 [Gauhati University FYUGP BCom 5th Sem]

If you are a B.Com 5th Semester student of Gauhati University, this post will help you a lot. Here we are sharing the Management Accounting Question Paper 2025 for Accounting Major under the NEP FYUGP.

This question paper is useful for students preparing for the upcoming Gauhati University BCom 5th Sem Management Accounting exam.

1 (Sem–5 / FYUGP) BCM 44 MJ
2025

COMMERCE (Accounting)
Paper Code: BCM0500404
Paper: Management Accounting

Full Marks: 60
Time: 2½ Hours

The figures in the margin indicate full marks for the questions.

1. (a) State whether the following statements are True or False: 1 × 4 = 4

(i) Financial Accounting is the base of Management Accounting.
(ii) Debt–Equity Ratio is a relationship between short-term debt and shareholders’ fund.
(iii) Budgetary control starts with budgeting and ends with control.
(iv) Idle time variance is always unfavourable.

1. (b) Fill in the blanks with appropriate word(s): 1 × 4 = 4

(i) If contribution is greater than fixed cost, the excess is known as ________.
(ii) The difference between actual cost and standard cost is known as ________.
(iii) Budgetary control is a system of ________ cost.
(iv) Management Accounting deals only with that information which is useful to the ________.

2. Answer briefly any six of the following questions: 2 × 6 = 12

(a) Mention two objectives of Management Accounting.
(b) Define marginal cost.
(c) Mention any two characteristics of good budgeting.
(d) State the meaning of variance analysis.
(e) What is budget manual?
(f) Mention two assumptions of break-even analysis.
(g) State two limitations of ratio analysis.
(h) State the meaning of profit–volume ratio.
(i) What is the cash budget?
(j) What are the components of Material Cost Variance?

3. Answer any five of the following questions: 4 × 5 = 20

(a) Why is Management Accounting a separate discipline other than Cost Accounting?

(b) From the following information, calculate:
    (i) P/V Ratio
    (ii) Profit when sales are 20,000 units
    (iii) New Break-even Point if selling price is reduced by 20%

    Fixed Cost – ₹4,000
    Break-even Point – 10,000 units

(c) Calculate Capital and Fixed Assets from the following information:
    Current Assets – ₹3,00,000
    Current Ratio – 3 : 1
    Fixed Assets – 60% of Capital
    Long-term Loan – Nil

(d) Current Liabilities of a company are ₹3,50,000.
Its Current Ratio is 3 : 1 and Acid Test Ratio is 1.75 : 1.
Calculate Current Assets, Liquid Assets and Stock.

(e) Explain the significance of variance analysis.

(f) Write a short note on Break-even Chart Analysis.

(g) State the objectives of Financial Statement Analysis.

(h) From the following, prepare a Common-size Income Statement:

Particulars	31.03.2023	31.03.2024
Sales	₹16,00,000	₹20,00,000
Gross Profit	35%	36%
Operating Expenses	10% of GP	10% of GP
Other Income	₹16,000	₹16,000
Tax Rate	40%	40%

4. Answer any two of the following questions: 10 × 2 = 20

(a) Describe the tools and techniques of Management Accounting needed for managerial decision-making.

(b) India Ltd. uses Standard Costing and furnishes the following information:

Standard materials for 700 units of finished product – 1,000 kg
Standard price of material – ₹1 per kg
Actual output – 2,100 units
Opening stock – Nil
Purchase – 3,00,000 kg for ₹2,70,000
Closing stock – 20,000 kg

Calculate:
(i) Material Cost Variance
(ii) Material Price Variance
(iii) Material Usage Variance
(iv) Significance of the above variances

(c) A company sold 7,000 units and 9,000 units in two successive periods and incurred a loss of ₹10,000 and earned a profit of ₹10,000 respectively. Selling price per unit is ₹100.

Calculate:
(i) P/V Ratio
(ii) Fixed Cost
(iii) Sales at Break-even Point
(iv) Sales required to earn a profit of ₹40,000

(d) A company is expecting to have ₹25,000 cash in hand on 1st April, 2024 and requests you to prepare a Cash Budget for three months from April to June 2024.

Monthly Data

Month	Sales (₹)	Purchases (₹)	Wages (₹)	Expenses (₹)
February	70,000	40,000	8,000	6,000
March	80,000	50,000	8,000	7,000
April	92,000	52,000	9,000	7,000
May	1,00,000	60,000	10,000	8,000
June	1,20,000	55,000	12,000	9,000

Other Information

(i) Credit period allowed by suppliers: 2 months
(ii) 25% of sales are cash sales; credit period allowed to customers: 1 month
(iii) Delay in payment of wages and expenses: 1 month
(iv) Income tax ₹25,000 payable in June 2024
(v) A plant is ordered and received in May 2024 at a cost of ₹90,000. Old plant resale value ₹17,500 (received in May).

5. Write short notes on any two of the following: 5 × 2 = 10

(i) Essentials for success of a Budgetary Control System
(ii) Activity Ratios and their uses
(iii) Purposes of Standard Costing
(iv) Margin of Safety

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