FirstRanker Logo

FirstRanker.com - FirstRanker's Choice is a hub of Question Papers & Study Materials for B-Tech, B.E, M-Tech, MCA, M.Sc, MBBS, BDS, MBA, B.Sc, Degree, B.Sc Nursing, B-Pharmacy, D-Pharmacy, MD, Medical, Dental, Engineering students. All services of FirstRanker.com are FREE

📱

Get the MBBS Question Bank Android App

Access previous years' papers, solved question papers, notes, and more on the go!

Install From Play Store

Download JNTUH MBA 3rd Sem 2018 Jan Stratgic Management Accounting Question Paper

Download JNTUH (Jawaharlal Nehru Technological University Hyderabad) MBA Third Year (3rd Year) 2018 Jan Stratgic Management Accounting Question Paper.

This post was last modified on 04 December 2019

This download link is referred from the post: JNTUH MBA 3rd Sem Last 10 Year Question Papers (2010-2020) All Regulation - (JNTU Hyderabad)


Firstranker's choice

FirstRanker.com

Hall Ticket No

--- Content provided by FirstRanker.com ---

Time: 3 Hours

Question Paper Code: CMB405

MBA III Semester End Examinations (Regular) - January, 2018

Regulation: R16

Stratgic Management Accounting

--- Content provided by FirstRanker.com ---

(MASTER OF BUSINESS MANAGEMENT)

Answer ONE Question from each Unit

All Questions Carry Equal Marks

All parts of the question must be answered in one place only

Max Marks: 70

--- Content provided by FirstRanker.com ---


UNIT I

    1. ‘Cost accounting is superior to financial accounting for the development of the business enterprises'. Do you agree? Discuss. [7M]
    2. The following particulars have been extracted as shown in Table 1 from Mayur Ltd., for the year 2005. [7M]

    Table 1

    Particulars Production Department A Production Department B Production Department C Service Department P Service Department Q
    Direct material (Rs.) 30000 45000 60000 25000 35000
    Direct labor (Rs.) 15000 30000 30000 30000 30000
    Staff Number 1500 2250 2250 750 750
    Electricity (kwh) 6000 4500 3000 1500 1500
    Asset value (Rs) 60000 40000 30000 10000 10000
    Light points (Numbers) 10 16 4 6 4
    Area (Sq mts) 150 250 50 50 50

    The expenses for the period were as follows in (Rs.) as shown in Table 2.

    --- Content provided by FirstRanker.com ---

    Table 2

    Particulars Amount (Rs.)
    Power 1100
    Lighting 200
    Stores overhead 800
    Welfare to staff 3000
    Depreciation 30000
    Repairs 6000
    General overheads 12000
    Rent and taxes 550

    Apportion the expenses of service department Q according to direct wages and those of service department P in the ratio of 5:3:2 to the production departments.

    1. “Costing system has become an essential tool in the hands of management” Elucidate the statement using various techniques of costing. [7M]
    2. Compute the machine hour rate from the following data: [7M]
      1. Total machine cost to be depreciated Rs. 2,30,000
      2. --- Content provided by FirstRanker.com ---

      3. Life: 10 years
      4. Depreciation on straight line
      5. Departmental overheads (Annual): Rent Rs.50,000 heat and light Rs.20,000 supervision Rs.1,30,000
      6. Departmental area 70000 Sq feet
      7. Machine area 2500 sq feet, 26 machines in the department
      8. --- Content provided by FirstRanker.com ---

      9. Annual cost of reserve equipment for the machines Rs.1,500
      10. Hours run on production 1800
      11. Hours for setting and adjusting 200
      12. Power cost Rs.0.50 per hour for running time
      13. Labour:
        1. When setting and adjusting full time attention
        2. --- Content provided by FirstRanker.com ---

        3. When machine is producing one man can look after three machines
      14. Labour rate Rs.6 per hour
  1. --- Content provided by FirstRanker.com ---


UNIT - II

    1. From the following information, given in Table 3 prepare a statement of cost for the month of August, 2015. [7M]

    Table 3

    Particulars 01.08.2015 31.08.2015
    Raw materials Rs. 40000 Rs. 25000
    WIP Rs.32000 Rs.18000
    Finished goods 3000 Units @ Rs.20/unit 2000 units
    Purchase of raw materials Rs.55000
    Direct wages Rs.35000
    Direct expenses Rs.20000
    Works overhead Rs.50000
    Administrative overheads Rs.30000
    Selling and distribution overhead Rs.5 per unit sold
    Sale of scrap Rs.5000
    Sales 9000 units
    Profit 20% on sales
    1. How do you differentiate between fixed costs and variable costs? What is meant by semi-variable costs? Give example. [7M]
    2. --- Content provided by FirstRanker.com ---

    1. Discuss the main features of process costing? Under what situations this method is useful? [7M]
    2. The finished product of a manufacturing company passes through three processes. viz., I, II & III. The Normal wastage in each process is 5%,7% and 10% for the processes I,II & III respectively (calculated with reference to the number of units fed into each process). The scrap generated out of wastage has a sale value of 70 paise per unit, 80 paise per unit and Rupee 1 per unit in the processes I,II & III respectively. The output of each process is transferred to the next process and the finished output emerges from the process III are transferred to stock. There was no stock of WIP in any process in a particular month. The details of cost data for the month are as given in Table 4: [7M]

    Table 4

    Particulars Processes I Processes II Processes III
    Materials used (Rs.) 120000 40000 40000
    Direct labour cost (Rs) 80000 60000 60000
    Production expenses (Rs.) 40000 40000 28000
    Output in units (actual) 38000 34600 32000

    Process I was fed with 40000 units of raw input at cost of Rs.3,20,000.Prepare the process accounts.

  1. --- Content provided by FirstRanker.com ---


UNIT - III

    1. From the following data, given in Table 5 you are required to calculate break even point and net sale value at this point. [7M]

    Table 5

    Particulars Rs.
    Direct material cost per unit 10
    Direct labor cost per unit 5
    Fixed overhead 50000
    Variable Overheads @ 60% on direct labour
    Selling price per unit 25
    Trade discount 4%

    If sales are 10% and 25% above the break even volume, determine the net profits.

    1. Briefly explain the managerial applications of marginal costing. [7M]
    2. --- Content provided by FirstRanker.com ---

    1. If selling price Rs.20 per unit, variable manufacturing cost Rs.11 per unit, fixed overheads Rs.5,40,000 per year compute [7M]
      1. BEP in amount of sales in rupees
      2. No. of units that must be sold to earn a profit of Rs.60,000
    1. Distinguish between marginal costing and absorption costing. [7M]
    2. --- Content provided by FirstRanker.com ---


UNIT - IV

    1. The expenses for the production of 5000 units in a factory are given in Table 6 as follows: [7M]

    Table 6

    Particulars Rs. per unit
    Materials 50
    Labour 20
    Variable overheads 15
    Fixed overheads (Rs.50000) 10
    Administrative expenses (20% variable) 6
    Selling expenses (20% fixed) 5
    Distribution expenses (10% fixed) 5
    Total cost of sales per unit 116

    You are required to prepare a budget for the production of 8000 Units.

    --- Content provided by FirstRanker.com ---

    1. Distinguish between cost audit and financial audit [7M]
    1. ABC International school has a total of 150 students consisting of 5 sections with 30 students per section. The school plans for a picnic around Mysore city during the weekend to places such as the Zoo, the amusement park, the planetarium etc. A private transport operator has come forward to lease out the buses for taking the students. Each bus will have a maximum capacity of 50 (excluding 2 seats reserved for the teachers accompanying the students). The school will employ two teaches for each bus, paying them an allowances of Rs. 250 per teacher. It will also lease out the required number of buses. The following are the other estimates given in Table 7: [7M]

    Table 7

    Particulars Cost per student
    Breakfast Rs.25
    Lunch Rs.50
    Tea Rs.10
    Entrance fee at Z00 Rs.5

    Rent Rs. 10650 per bus. Special permit fee Rs. 500 per bus. Block entrance fee for the entire team at the planetarium Rs. 2520. Prize to all the students for games Rs. 2500. No costs are incurred in respect of the accompanying teachers (except the allowance of Rs. 250 per teacher).

    --- Content provided by FirstRanker.com ---

    You are required to prepare:

    1. A flexible budget estimating the total cost for the levels of 30, 60, 90, 120 and 150 students. Each item of cost is to be indicated separately.
    2. Compare the average cost per student at these levels
    1. Explain in detail the classification of budgets according to time. [7M]
  1. --- Content provided by FirstRanker.com ---


UNIT - V

    1. What is standard Costing? What are the steps involved in the standard costing system? [7M]
    2. A factory is engaged in producing a product two grade of material A and B mixed in the ratio of 5:3, the standard price of material A is Rs. 5 per unit and that of B Rs. 4 per unit. Normal loss in production is expected at 10%. Due to shortage of materials it was not possible to use the standard mix. However, normal loss is still expected to be 10% as earlier. The actual result is as follows: [7M]

    Material A 250 units at Rs.4.80 and material B 150 units at Rs.4.60

    Actual production 364 units.

    --- Content provided by FirstRanker.com ---

    Calculate:

    1. Material price variance
    2. Material mix variance.
    3. Material yield variance.
    4. Material cost variance
    5. --- Content provided by FirstRanker.com ---

    1. How standard costing is related to budgetary control? [7M]
    2. From the following information, given in Table 8 compute: [7M]
      1. Material cost variance
      2. Material price variance
      3. Material usage variance
      4. --- Content provided by FirstRanker.com ---

      5. Material mix variance
      6. Material yield variance.

    Table 8

    Material Standard Actual
    Quantity (kilos) Unit price Rs. Quantity Rs. Unit price Rs.
    A 10 2 5 3
    B 20 3 10 6
    C 20 6 15 5
    Total 50 30
    11 14
  1. --- Content provided by FirstRanker.com ---



This download link is referred from the post: JNTUH MBA 3rd Sem Last 10 Year Question Papers (2010-2020) All Regulation - (JNTU Hyderabad)

--- Content provided by FirstRanker.com ---