MBA2015.pdf - Total No of Questions 5 SEAT No[Total No of...

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Total No. of Questions : 5] SEAT No. : [4770] - 1001 M. B. A (Semester - I) 101 : ACCOUNTING FOR BUSINESS DECISIONS (2013 Pattern) ) Time : 2:30 Hours] [Max. Marks : 50 Instructions to the candidates: 1) All questions are compulsory. 2) Each question has an internal option. 3) Each question carries 10 marks. 4) Figures to the right indicate marks for question/sub question. 5) Answers to the questions should specific and to the point. 6) Use of calculator is permitted (as applicable). P1943 [Total No. of Pages : 4 Q1) Discuss the importance of concepts and conventions in preparation of final account? OR Management accounting is the presentation of accounting information in such way as to assist the management in decision making . Comment. Q2) How does financial statement of proprietary firm differs from limited company? OR Define financial statement analysis. Explain in what ways such an analysis may benefit managerial personnel, owner and creditors. Q3) Classify the following items into : a) Factory overheads b) Administration overheads c) Selling and distribution overheads and P.T.O.
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[4770] - 1001 2 d) Items excluded from cost sheet with reasons; Sr. No. Particulars 1 Income tax paid 2 Interest on capital 3 Warehouse Expenses 4 Cost of Mailing Literature 5 Sales Manager s Salaries 6 Insurance of Showroom 7 Sales Director s Fees 8 Sales Office Expenses 9 Rent of Sales Office 10 Depreciation of Delivery Vans 11 Interest on loan 12 Donations 13 Wealth tax 14 Subscription to Trade Journals 15 Office Lightings 16 Establishment Charges 17 Directors Travelling Expenses 18 Consultants Fees 19 Contribution to Provident Fund 20 Postage 21 Discount on shares & Debentures 22 Commission to Partners 23 Overtime Wages 24 Fuel and Power 25 Rent and Taxes 26 Insurance 27 Factory Lightings 28 Supervision 29 Brokerage 30 Preliminary Expenses Written off. OR Q3) From the following information for the month of January, Prepare a cost sheet to show the following components: a) Prime cost, b) Factory Cost, c) Cost of production and d) Total cost.
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[4770] - 1001 3 Particulars Amt. Rs. Direct martial 57000 Direct wages 28500 Factory rent and rates 2500 Office rent and rates 500 Plant repairs and maintenance 1000 Plant depreciation 1250 Factory heating and lighting 400 Factory manager s salary 2000 Office salaries 1600 Director s remuneration 1500 Telephone and postage 200 Legal Charge 150 Printing and stationary 100 Advertisement 1500 Salesmen s salaries 2500 Showroom rent 500 Sales 116000 Q4) From the following information compute : a) Mix variance, b) Price variance and c) Usage variance Standard Actual Quantity Unit Price Total (Rs.) Quantity Unit Price Total (Rs.) (Kg.) (Rs.) (Kg.) (Rs.) Martial A 4 1.00 4.00 2 3.50 7.00 Martial B 2 2.00 4.00 1 2.00 2.00 Martial C 2 4.00 8.00 3 3.00 9.00 Total 8 16.00 6 18.00 OR An umbrella manufacturer makes an average Profit of Rs. 2.50 per units on a selling price of Rs. 14.30 by producing and selling 60000 units at 60% of potential capacity.
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