Total No. of Questions : 5] SEAT No.

8
23
P5513 [Total No. of Pages : 7

ic-
[5659]-5001

tat
4s
M.B.A.

7:3
MANAGERIAL ACCOUNTING (101)

01 91
9:5
(2019 Pattern)

0
90
6/1 13
Time : 2½ Hours] [Max. Marks : 50
0
2/2
.23 GP

Instructions to the candidates :

1) All questions are compulsory.
E
81

2) All questions are carry equal marks.

8
C

23
ic-
Q1) Solve any five :
16

tat
8.2

4s
A) I) Enumerate the accruals.
.24

7:3
B) I) Percentage on ________ is NOT a method of calculating
91
49

9:5
(allocating) Overhead Cost.
30
90

a) Prime Cost b) Direct Labour Cost

01
01

c) Indirect Labour Cost d) Direct Material Cost

2/2
GP

II) ____ cost helps in taking ‘make or buy’ decision.

6/1
CE

a) Marginal cost b) Standard cost

81

8
23
.23

c) Sunk cost d) Differential cost

ic-
16

tat
C) I) Explain the difference between accounts payable and accounts
8.2

4s

receivable.
.24

7:3

D) I) Final accounts does NOT include :

91
49

9:5

a) Trading Account b) Balance Sheet

30
90

c) Trial Balance d) Profit & Loss Account

01
01
2/2

II) Excess of Gross Profit and other incomes over operating &
GP

non-operating expenses is known as ___________ and excess

6/1

of cost of goods sold over sales gives ________.

CE
81

a) Gross Profit, Net Loss b) Net Profit, Gross Loss

.23
16

c) Gross Loss, Gross Loss d) Net Loss, Net Loss

8.2
.24

P.T.O.
49
 E) I) In a product mix decision, which is the most important factor to

8
23
consider in order to try to maximize profit?

ic-
a) product unit selling price

tat
4s
b) contribution per unit of a scarce resource used to make the

7:3
product

01 91
9:5
c) variable cost per unit of the product

0
90
d)
6/1 13
contribution per unit of the product
0
2/2
.23 GP

F) I) What is double entry system?

E

II) State the difference between Real A/c and Nominal A/c
81

8
C

23
G) I) The main objective of budgetary control is _________

ic-
16

tat
a) To define the goal of the firm
8.2

4s
.24

7:3
b) To coordinate different departments
91
49

9:5
c) To plan to achieve its goals
30
90

d) All of the above

01
01
2/2
GP

II) _________ is a detailed budget of cash receipts and cash

6/1

expenditure incorporating both revenue and capital items.

CE
81

8
23
a) Cash Budget b) Capital Expenditure Budget
.23

c) Sales Budget d) Overhead Budget ic-

16

tat
8.2

4s

H) I) Diwali advance given to an employee is _________.

.24

7:3
91

a) Revenue Expenditure
49

9:5
30
90

b) Capital Expenditure
01
01

c) Deferred Revenue Expenditure

2/2
GP
6/1

d) Not an Expenditure
CE
81

II) The process of recording financial data upto trial balance is

.23

a) Book keeping b) Classifying

16
8.2

c) Summarising d) Analyzing
.24

[5659]-5001 2
49
Q2) Solve any two :

8
23
A) Why is ledger known as the primary book or the principal-book of

ic-
accounts? Can profit of the business a financial position be known without

tat
maintaining ledger?

4s
B) Explain any five forms of business organization.

7:3
01 91
C) You have been asked to install a costing system in a manufacturing

9:5
0
company. Outline any five main considerations to be keep introducing a

90
6/1 13
costing system?
0
2/2
.23 GP

Q3) Solve any one.

E

A) From the following Trial balance of Ajanta co, as on 31st March 2019,
81

8
C

23
Prepare Trading Account and Profit and Loss Account for the year ended

ic-
31st March, 2019 and a Balance Sheet as on that date
16

tat
Trial Balance as on 31st March 2019
8.2

4s
.24

Dr Cr
7:3
91
49

Particulars Amount Particulars Amount

9:5
30
90

Stock as on 1.4.2018 52,000 Capital Account 2,00,000

01
01

Wages 16,000 Sales 1,90,000

2/2
GP

Purchases 1,10,000 Returns Outwards 2,000

6/1

Plant and Machinery 1,00,000 Sundry Creditors 55,000

CE
81

8
23
Rent, Rates and Taxes 1,000 Bills payables 19,500
.23

Debtors 50,000 Interest earned 1,500

ic-
16

tat
8.2

Carriage Outward 4,000 Commission Received 1,000

4s
.24

7:3

Cash at hand 2,500

91
49

9:5

Drawings 6,000
30
90

Business Premises 45,000

01
01

Cash at Bank 15,000

2/2
GP

Bad Debts 1,000

6/1

Salaries 10,000
CE
81

Investments 55,000
.23

Legal Charges 1,500

16
8.2

4,69,000 4,69,000
.24

[5659]-5001 3
49
 Adjustments :

8
23
The stock as on 31st March, 2019 was valued at Rs 32400 @market

ic-
Price and Rs 35000 @ cost Price

tat
Create a Reserve for Bad and Doubtful Debts @5% on Debtors

4s
Depreciate Business Premise and Plant and Machinery @10% p.a

7:3
01 91
B) From the following information of Mahi & Co. Ltd. ,for the year 2012,

9:5
you are required to construct: (a) Prime Cost (b) Work Cost (c) Cost of

0
90
Profit Goods Sold and (e) Net Profit
6/1 13
Particulars Rs.
0
2/2
.23 GP

Stock of raw materials (1.1.2012) 1,00,000

Purchase of raw materials 2,20,000
E
81

8
Stock of raw materials (31.12.2012) 1,30,000
C

23
ic-
Carriage inward 60,000
16

tat
Direct Wages 2,00,000
8.2

4s
Indirect Wages 70,000
.24

7:3
Other Direct charges 80,000
91
49

9:5
Office rent and rates 51,000
30
90

Factory rent and rates 60,000

01
01

Ondirect consumption of materials 51,000

2/2
GP

Depreciation of plant 53,000

6/1

Depreciation on office furniture 50,200

CE
81

8
Salesmen salary 54,000

23
.23

ic-
Salary to office supervisor 55,000
16

tat
Other factory expenses 61,400
8.2

4s

Other office expenses 51,800

.24

7:3
91

General Manager’s remuneration:

49

9:5

Office 54,000
30
90

Factory 58,000
01
01

Selling Dept. 62,000

2/2
GP

Other selling expenses 52,000

6/1

Travelling expenses of salesmen 52,200

CE
81

Carriage and Freight outward 52,000

.23

Sales 10,00,000
16

Advertisement 54,000
8.2
.24

[5659]-5001 4
49
Q4) Solve any one.

8
23
A) The turnover and profits of Rajat Ltd. during two periods are as follows :

ic-
Period Sales (Rs.) Profit/Loss (Rs.)

tat
I 14,000 units 20,000 (Loss)

4s
II 18,000 units 20,000 (Profit)

7:3
The selling price is Rs. 100 per unit

01 91
9:5
You are directed by the management of Rajat Ltd. to analyse above data

0
90
to find out the following :
i) P/V Ratio
6/1 13
0
2/2
ii) Fixed Cost
.23 GP

iii) Break-even Point (Rs.)

E

iv) Sales to earn profit of Rs. 80,000

81

8
C

23
B) The sales turnover and profit during two years were as follows :

ic-
Year Sales (Rs.) Profit (Rs.)
16

tat
2016 1,30,000 10,000
8.2

4s
2017 1,50,000 15,000
.24

7:3
You are directed by the management to analyse the above data to find
91
49

9:5
out the following :
30
90

i) P/V ratio
01

ii) Break-even point

01
2/2

iii) Sales required to earn a profit of Rs. 25,000

GP

iv) Profit when sales are Rs. 1,10,000

6/1

v) Margin of safety in the year 2016.

CE
81

8
23
.23

ic-
Q5) Solve any one.
16

tat
A) KPM Pvt. Ltd., Karad manufactures certain products. The cost data
8.2

4s

relating to a standard product for September 2018 are given below.

.24

7:3

Raw Standard Cost Data

91
49

9:5

Material Qty. Price (Rs.) Total

30

P1 500 6 3000
90

K2 400 3.75 1500

01
01

M3 300 3 900
2/2
GP

1200
6/1

Less. Normal Loss

CE
81

@ 120
.23

10%
16

1080 5400
8.2
.24

[5659]-5001 5
49
 Raw Actual Cost Data

8
23
Material Qty. Price (Rs.) Total

ic-
tat
P1 400 6 2400

4s
K2 500 3.6 1800

7:3
01 91
M3 400 2.8 1120

9:5
0
1300

90
Less. Actual Loss
6/1 13220
0
2/2
.23 GP

1080 5320
You are required to evaluate the cost data given above and find out the
E
81

8
following material variances -
C

23
ic-
a) Material Cost Variance
16

tat
b) Material Price Variance
8.2

4s
c) Material Usage Variance
.24

7:3
91
49

9:5
d) Material Mix Variance
30
90

e) Material Yield Variance

01
01

Also verify the results.

2/2
GP

B) Intel Co. Ltd., Indapur is appointed you as Finance Executive and wishes
6/1

to evaluate and prepare cash budget March for the last four months from
CE
81

8
the following estimated revenue and expenses and submit to the Manager

23
.23

ic-
Month Total Purchase wages Production Selling &
16

tat
Sales Overheads Distribution
8.2

4s
.24

Overheads
7:3
91
49

9:5

(Rs.) (Rs.) (Rs) (Rs.) (Rs.)

30
90

January 20,000 20,000 4,000 3,200 800

01
01

February 22,000 14,000 4,400 3,300 900

2/2
GP

March 28,000 14,000 4,600 3,400 900

6/1
CE

April 36,000 22,000 4,600 3,500 1,000

81
.23

May 30,000 20,000 4,000 3,200 900

16

June 40,000 25,000 5,000 3,600 1,200

8.2
.24

[5659]-5001 6
49
 Cash balance on 1st March was Rs. 50,000.

8
23
Period of credit allowed by suppliers - 2 months

ic-
tat
Period of credit allowed by customers - 1 months

4s
Delay in payment of wages & overheads 1 month.

7:3
01 91
Assume total sales is credit sales.

9:5
0
90
6/1 13

0
2/2
.23 GP
E
81

8
C

23
ic-
16

tat
8.2

4s
.24

7:3
91
49

9:5
30
90
01
01
2/2
GP
6/1
CE
81

8
23
.23

ic-
16

tat
8.2

4s
.24

7:3
91
49

9:5
30
90
01
01
2/2
GP
6/1
CE
81
.23
16
8.2
.24

[5659]-5001 7
49