Management Accounting Past Paper 2025 B.Com Hons PDF

[This question paper contains 16 printed pages.| Your Roll No..... Sr. No. of Question Paper : 834 Unique Paper Code 2412083503 Name...

[This question paper contains 16 printed pages.| Your Roll No..... Sr. No. of Question Paper : 834 Unique Paper Code 2412083503 Name of the Paper Management Accounting Name of the Course B.Com. (H) UGCF Semester V- DSC Duration : 3 Hours Maximum Marks: 90 Instructions for Candidates 1. Wrnite your Roll No. on the top immediately on receipt of this question paper. 2 Attempt All questions. 3. All questions carry equal marks. 4. Use of Simple Calculator is allowed. 5. Working notes should form part of your answer. 6. Answers may be written either in:English or Hindi; but the same medium should be used throughout the paper. 2 3 4. 5. 6.  834 aspects of cos. 1. accounting is an extension of managerial (4 Management clearly distinguish between cos statement and accounting. Explain the (9) accounting and management accounting. responsibility accounting. What are the pre-requisites for (0) Define and explain (9) introducing responsibility accounting in a company'? Or else but financial and cost (4) Management accounting is nothing examine accounting tailored to the requirements of management." Critically the statement. (9) (0) Explain the concept of responsibility accounting. Discuss creation of various types of responsibility centres for its effective implementation. (9) 2. (a) Write a brief note on Budgeting Key Factor. (4) (b) PSLimited produces and sells a single product. Sales budget for calendar year 2025 as per quarters is as under: Quarters II III IV No. of units to 18,000 22,000 25,000 27,000 be sold The year is expected to open with an inventory of 6,000 units of finished products and close with inventory of 8,000 units. Production is customarily scheduled to provide for 70% of the current quarter's sales demand plus 30% of the following quarter demand. You are required to prepare quarterly as well as whole yearly statement showing opening stock, production and closing stock of the product. (14) 834 3 Or The Budget Manager of a company is preparing a flexible budgct for the coming accounting year. Thecompanyproduces asingle product. The following information is provided: Direct material costs Rs. 28 ner unit Direct labour averages Rs. I2.50 per hour and requires 1.60 nours to prouce one unit of the nroduct Salesmen are paid a commission of Rs.S per unit sold. Fixed selling and administration expenses amount to Rs.3,75,000 per year. Manufacturing overheads have been estimated in the following amounts under given conditions of volume: Volume of Production & Sale Experse For 1,20,000 units(Rs.) For 150,000 units(Rs.) Indirect materials 2,64,000 3,30,000 Indirect labour 1,50,000 1,87,500 Inspection 90,000 1,12,500 Maintenance 84,000 1,02,000 Supervision 1,98,000 2,34,000 Depreciation--Plant & 90,000 90,000 Equipment Engineering services 94,000 94,000 Total Manufacturing 11,50,000 Overheads 9,70,000 Prepare a total production cost budget at a production level of 1,40,000 units stating clearly the cost behavi0ur of each cost to output. PT.0.  4 834 costino manufacturing concern which has adopted standard 3. ABCLimited.. a 2024: following information for thc month ending March 31, furnishes the mix to produce 10 units of product Z is as under: Ine standard Material A 300 kg. (@ Rs.30 per kg Material B 400 kg. (@ Rs.50 per kg Material C 500 kg. @ Rs.40 per kg produced During themonth of March, 2024, 100 units of product Z were actually and consumption was as under Material A 3,200 kg. @ Rs.35 per kg Material B 4,750 kg. @ Rs.55 per kg Material C 4,350 kg. @ Rs.36 per kg Required: Calculate the following material variances: (i) Material Cost Variance ü) Material Price Variance (iii) Material Usage Variance (iv) Material Mix Variance (v) Material Yield Variance Or (a) Calculate : (i) Efficiency Ratio; (ii) Activity Ratio; (iii) the following information : Capacity Ratio, from Budgeted Production 750units Budgeted Hours per unit 5 Actual Production 780units Actual Hours taken 4,000 (6)  834 5 from thc (b) Compute the sales variances (total, prico and volume) following figures: Actual Budgeted Product/Quantity/Price Price (Rs.) Units Price (Rs.) Units 4.800 30 A 4,000 25 2,800 45 B 3,000 50 75 2,400 70 2,000 800 105 D 1,000 100 (12) production 4. (a) MFN Limited started its operation in 2022-23 with the total available capacity of 2,00,000 units. The following data for two years is made to you : 2022-23 2023-24 Sales units 80,000 1,20,000 Total cost (Rs.) 34,40,000 45,60,000 There has been no change in the cost structure and selling price and it is expected to continue in 2024-25 as well. Selling price is Rs.40 per unit. You are required to calculate : )) Break-Even Point (in units) (9) (ii) Profit at 75% of the total capacity P.T.O.  6 834 manufacturing company: a following datarelates to 400% (b) The PresentUtilization = units pcr annun. 4,00,000 PlantCapacity = 2023-24 were: Actualfor the year cost= Rs.20 per unit, per unit, Material Selling price = Rs. 50 and Fixed cost costs = Rs. 15 per unit Variable Manufacturing Rs. 27,00,000. utilization, the following proposal is considered : Inorder to improve capacity spend additionally Rs.3, 00,000in Sales Reduce Selling price by 109% and Promotion. sold in order to increase profit by How many units should be producedand (9) Rs. 8,00,000 per year? Or (a) What do you mean by P/V ratio? Discuss its significance in decision-making, How it can be improved? (6) (b) The Cost-Volume-Profit relationship of SRLtd. isdescribed by the equation: Y= Rs.2,40,000 +0.6X, in which X represents sales revenue and Y is the total cost (FC + VC) at the sales revenue / Volume represented by X. Required : (i) Identify the P/V Ratio. (ii) What sales volume must be obtained to break- even for the Company? (i) Analyze Sales volume tobe required to produce an income Rs.1,00,000. (12) 834 7 5. SR Ltd. gives you the following details of its existing operations 20 Selling price (Rs.) 15 Variable Cost per unit (Rs.) 50,000 Fixed Cost (Rs.:) 25,000 Actual Output and Sales (units) modernisation of its production The management is considering a proposal for operations. be as follows : As per this proposal the cost structure is estimated to 20 Selling price (Rs.) 10 Variable Cost per unit (Rs.) Fixed Cost (Rs.) 1,50,000 are asked to give the following As amanagement accountant of the company, you calculations and advice for consideration by the management : company will (i)) The level of output under the proposed alternative where the existing level of sales earn the same amount of profit as being earned at operations. the proposed modernization (ii) Range of sales where existing operations and should consider the will be more profitable. Whether, the cómpany modernization of production facility at existing level of sales operations. statement ofprofit under the two alternatives if the (ii)) Prepare acomparative company plansto produce and sell 30,000 units. P.T.0.  8 834 Or management decision of key factor in making with (a) Explain the concept the criteria used to measurethe relative profitability discuss examples? Also (6) play. key factor is in When a products A, B and C and for each of them uses producesthree (0) Isha Ltd.. X, Yand Z. Relevant. data for June, 2024 are given machines three diferent below : A B C Product 10,000 8,000 6,000 Selling Price per unit (Rs) Variable cost per unit (Rs.) 7,000 5,600 4,000 Machine-wise hours required per unit: 20 12 4 Machine X MachineY 20 18 6 Machine Z 20 6 2 Expected Demand (units) 200 200 200 Machine Zis identified as the bottleneck and its capacity is limited to 5,400 hours. Calculate the optimum product mix from above information and ascertain the total profit at the mix so determined if fixed cost amounts to Rs.7,80,000 (12)