B.Com In Banking & Insurance (BCBI) Sem III 2012 2015 2015 Management Accounting. Year Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 choice questions 2.Current deals with disclosure of accounting policies Audit report is addressed to 5.Directors State whether the following statement are True or false. (3) 5 marks
   • a) Cost of cotton for an textile industry is considered as Direct cost
   • b) Cost of milk used in Ice-cream is considered as variable cost
   • c)Cash flow Statement is to be prepared as per AS-8
   • d)Deprecation is a non- cash cost
   • e)Marginal cost is considered as a base for decision making on plant b)Work-In-Process ) Stock e) Selling and Distribution expenses
   • f)Fixed cost Margin of satety sfit when sales is Rs.36,000 earn a profit of Rs. 6,000
2. Q2 From the following particulars you are required to calculate )
   • a)Break Even point for sales in units and Amount
   • c) Margin of safety in units and amount for both the years
   • d)Profit when sales are Rs. 60,000
3. Q3 Parikh and company has the following budget for the year 2007-2008 From the above set of information, Find out:
   • a)the adjusted profits for 2007-2008, if the following two sets of changes are introduced and also suggest plan shall be implemented: Increase in price 20% * decrease in price 20% Decrease in volume 15% *Increase in volume 15% Increase in variable cost in variable cost 10% e Increase in fixed cost 5% *Decrease in fixed cost 5%
4. Q3 A] Distinguish Between direct cost and Indirect cost. 8 marks
   • B] What is the role of M.I.S? 7
5. Q4 Present the following information to show resulting from each of the following mixtures expenses are allotte ed to the products as 100% of indirect wages 4 and 400 units of ( uct X and 300 units of product Y c units of produc ( product X and 200 units of product Y Explain the benefits of cost Audit to company and to consumers need and different levels of management with chart (7) Short Notes on: (any 3)
6. Q4 Nature of management Accounting Classification of costs Benefits of cost Audit to company Management

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