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MBA104
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ASSIGNMENT
DRIVE FALL 2017
PROGRAM Master of Business Administration- MBA
SEMESTER Semester 1
SUBJECT CODE & NAME MBA 104 - FINANCIAL AND MANAGEMENT ACCOUNTING
BK ID B1624
CREDIT & MARKS 4 Credits, 60 marks
Note The Assignment is divided into 2 sets. You have to answer all questions in both sets. Average
score of both assignments scored by you will be considered as your IA score. Kindly note that
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Indirect Labour - 65,000, Lubricants 15,000, Insurance on Plant 5,000, Purchase of Raw
Materials 3,00,000, Sales Commission - 75,000, Salaries to salesman 1,00,000, Administrative
Expenses 1,50,000, Carriage Outward 20,000, Power 20,000, Direct Labour - 2,00,000,
Depreciation on machinery 40,000, Factory Rent 50,000, Property Tax on Factory Building
14,000, Sales - 10,11,000
(a) Cost of Raw Materials Consumed (b) Prime Cost (c) Total Manufacturing Cost or Factory
Cost or Works Cost (d) Cost of Goods available for Sale (e)Profit
2. State and explain the various types of errors that are not disclosed by trial balance.
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A 1. Explain Function of Management Accounting 5
2. Explain the types of accounting errors not 5
disclosed by trial balance 10
SET 2
1 Fixed Overheads Rs 150000, variable cost per unit Rs 3, selling Rs 25. If the company is earning a
profit of Rs 450000 express the Margin of Safety (MOS) available also Calculate the BEP (Break
Even Point)
1. Calculate BEP 5
A 2. Calculate MOS 5 10
2 From the following information and assumption that the balance in hand on 1st Jan 2016 is
Rs.1,35,000, prepare a cash budget for January 2016 to June 2016
Month Materials Sales Wages Sales & Production Administrative
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