Master of Commerce (M.Com.) Part I SEM I 2018 2019 Dec 2019 COST & MANAGEMENT ACCOUNTING Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 Prepare a Cash Budget for the three months ending 30" June from the following information
   • (a) Credit terms are- Sales/Debtors -10% sales are on cash, 50% of the credit sales are collected next month and the balance in the following month
   • (c) Cash and Bank balance on 1“ April is expected to be Rs.60,000
   • (d) Other relevant information are:
   • (i) Plant and Machinery will be installed in February at a cost of Rs.9,60,000. The monthly instalments of Rs.12,000 are payable from April onwards
   • (ii) on preference share capital of Rs. 12,00,000 will be paid on 1* June
   • (iii) Advance to be received for sale of vehicles Rs.90,000 in June
   • (iv) from investnents amounting to Rs.10;000 are expected to be received in
   • (v) tax (advance) to be paid in June is Rs.20,000
2. Q1 A factory is currently working at 50% capacity and produces 10,000 units. Prepare a Flexible estimates the Profits of the Company when it works at 60% and 80% capacity and working, Raw Material Cost increases by 2% and selling price falls by At 80%, Raw Material cost increases by 5% and selling price falls by 5%. At 50% capacity working the product costs Rs.180 per unit and is sold at Rs.200 per unit The unit cost of is made up as follows: ind out Br ak Ever Point at the above stated capacity utilisation
3. Q2 Mahi Tran mpany operates a Luxury bus, which runs between Delhi to Jaipur and back for 10 days ins month. The distance from Delhi to Jaipur is 270 Kms. The bus completes the trip:from Delhi to Jaipur and comes back on the same day. The bus goes on a Delhi-Agra trip for 10-days in month. The distance from Delhi to Agra is 180 Kms. This trip is also completed on the same day. For 4 days of its operation in a month it runs in the local city. Daily distance inthe city is 65 Kms. The other information is given below: Cost of Bus 15,00,000 Salary of Driver 9,000 per month Salary of Conductor month Salary of Part Time Accountant 4,500 per month Repairs and Maintenance 8,000 per month The bus is generally occupied 90% of the capacity when it goes to Jaipur and 80% when it goes to Agra. It is always full when it runs within the city. Passenger tax is 25% of the fare Calculate the rate the company should charge.a passenger when it wants to earn a profit of
4. Q2 The standard mix to produce one unit of product is as follows. Marks] During the month of April, 10 units were actually produced and actual consumption was as A compa y manufactures and sells 20,000 units of a product, the selling price of which is Rs.50 and profit eam ed is Rs_10 per unit. [15 Marks]
   • (iv) ‘Break Even Sales in Units
   • (v) Sales required to earn a profit of Rs.4,00,000
   • (vi) Profit when sales is 18,000 units
   • (vii) Margin of safety when actual sales is Rs.7,00,000
5. Q3 The Cost Sheet of a product is as follows: 15 Marks] The selling price per unit is Rs.25. The above cost information is for an output of 50,000 units, whereas the capacity of the firm is 60,000 units. A foreign customer is desirous of buying 10,000 units at a price of Rs.19 per unit. The extra cost of exporting the product is Rs.0.50 per unit. You are required to advise the manufacturer whether the order should be accepted?
6. Q4 (A)Rewrite the entire sentence selecting the most appropriate alternative with the given serial
7. Q2 The Standard which a can be attained under the most favourable conditions possible ‘Which one of the following items would not be included in a cash budget? Capital repayments on loans Proc eds of sale of fixed assets Estimate of future sales Estimate of future
8. Q5 The object of hotel costing is to find out cost
   • (a) Per table
   • (b) Per room
   • (c) Per bed
   • (d) Per visitor
9. Q6 Garage rent is
   • (a) Semi variable
   • (b) Variable cost
   • (c) Fixed cost
   • (d) None of these
10. Q7 When sales increases then break even point
    • (a) Increases
    • (b) Remains constant
    • (d) None of these
11. Q8 Overhauling is classified as
    • (a) Fixed cost
    • (d) Marginal cost
    • (B)Match the following by rewriting the columns A & B by matching on an overall most 2.Key Factor b. Drawn for one level
    • d. Margin of Safety in Value x P/V Ratio cannot be influenced f. Drawn for multiple levels Significance of Contribution
12. Q3 ‘Sales B
13. Q4 Operating Costing of Hospital

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