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Download GTU MBA 2019 Summer 1st Sem 4519904 Management Accounting Ma Question Paper

Download GTU (Gujarat Technological University) MBA (Master of Business Administration) 2019 Summer 1st Sem 4519904 Management Accounting Ma Previous Question Paper

This post was last modified on 19 February 2020

Tags:GTU MBAManagement AccountingQuestion Paper2019 Summer1st Sem4519904Gujarat Technological UniversityDownload PDFMAPrevious Year Paper
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GTU MBA Last 10 Years 2010-2020 Question Papers || Gujarat Technological University


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Seat No.: Enrolment No.

GUJARAT TECHNOLOGICAL UNIVERSITY

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MBA (PART TIME)- SEMESTER 1- EXAMINATION — SUMMER 2019

Subject Code: 4519904 Date:21/05/2019

Subject Name: Management Accounting (MA)

Time:02:30 PM To 05:30 PM Total Marks: 70

Instructions:

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  1. Attempt all questions.
  2. Make suitable assumptions wherever necessary.
  3. Figures to the right indicate full marks.
Q. No. Question Text and Description Marks
Q.1 Definitions / terms / explanations / short questions based on concepts of theory/practical
  1. What do you mean by management accounting?
  2. Explain accrual basis of accounting with example.

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  3. Explain money measurement concept.
  4. Explain fixed cost with appropriate example.
  5. Explain net profit ratio.
  6. Explain meaning and features of GAAP.
  7. Describe make or buy decision.

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 14
Q.2 (a) Differentiate between financial accounting and cost accounting. 07
(b) Explain horizontal analysis of income statement with hypothetical example. 07
OR
(b) Explain the assumptions of CVP analysis in detail. 07
Q.3 (a) What is process Costing? Explain the main-features of process costing. Mention the industries where it is applied. 07
(b) Explain different method of inventory valuation with hypothetical example. 07
OR
Q.3 (a) XYZ Co. purchased machinery as follows :
Date of Purchase Cost of Machine (Rs.)
1.4.2006 Rs. 60,000
1.10.2006 Rs. 40,000
1.7.2007 Rs. 20,000

On 1.1.2008 one-third of the machinery which was purchased on 1.4.2006 became obsolete and was sold for Rs. 6,000. The machinery was to be depreciated by straight line method at 10% p.a. Show how the Machinery Account would appear in the ledger of the Company for the years 2006. 2007 and 2008. Assume that the accounting year of the Company ends on 31st December every year. 		07
Q.4 (a)
Particulars Amount (in Rs.)
Selling Price per unit 20
Variable Manufacturing Costs per unit 11
Variable Selling Costs per unit 3
Fixed Factory Overheads per year 5,40,000
Fixed Selling Costs per year 2,52,000

You are required to compute:
  1. Break-even Point expressed in amount of sales in rupees.
  2. Number of units that must be sold to earn a profit of Rs. 60,000 per year.
 07
(b) Electronics Ltd. furnish the following information for 10,000 T.V. valves manufactured during the year 2013:
Particulars Amount(Rs.)
Direct Materials 90,000
Direct Wages 60,000
Power and Consumable Stores 12,000
Factory Indirect Wages 15,000
Factory Lighting 5,500
Defective Work (Cost of rectification) 3,000
Clerical Salaries and Management Expenses 33,500
Selling Expenses 5,500
Sale Proceeds of Scrap 2,000
Plant Repairs and Maintenance 11,500

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The net selling price was Rs. 31.60 per unit sold and all units were sold. As from 1st January, 2014 the selling price was reduced to Rs. 31 per unit. It was estimated that production could be increased in 2014 by 50 % due to spare capacity. Rates for materials and direct wages will increase by 10 %.
Prepare cost Sheet for the year 2013-showing various elements of cost per unit. 		07
Q.4 (a) Explain proforma of unit cost sheet in detail. 07
(b) Explain proforma of marginal cost sheet in detail. 07
OR
Prepare estimated Cost and Profit for 2014 assuming that 15,000 units will be produced and sold during the year and factory overheads will be recovered as a percentage of direct wages and office and selling expenses as a percentage of work cost. 07
Q.5 The following is the Trial balance of AMELtd. as at 31st march, 2012.
Particulars Dr. (Rs.) Cr. (Rs.)
Stock 68,000
Furniture & Fixtures 50,000
Discount 4,000
Loan to Directors 8,000
Advertisement 2,000
Bad Debts 3,500
Commission 12,000
Purchases 231,900
Plant and Machinery 86,000
Rentals 2,500
Current Account 4,500
Cash 800
Interest on Bank Loan 11,600
Preliminary Expenses 1,000
Wages 90,000
Consumables 8,400
Freehold Land 1,54,600
Tools and Equipments 24,500
Goodwill 26,500
Debtors 28,700
Bills Receivables 15,300
Dealer Aids 2,100
Transit Insurance 3,000
Trade Expenses 7,520
Distribution Freight 5,400
Debentures Interest 2,000
Equity Shares Capital (Shares of Rs.10 each) 2,50,000
11% Debentures 50,000
Bank Loans 64,500
Bills Payable 12,500
Creditors 15,600
Sales 4,26,800
Rent Received 4,600
Transfer Fees 1,000
Profit & Loss Appropriation Account 13,900
Provision for Depreciation on Plant & Machinery 14,600
8,53,500 8,53,500

Additional Information: 1) Closing stock as on 31st march, 2012, Rs.82,300. 2) Depreciation on furniture @5%, Freehold land @2% and Tools and Equipments @5% to be provided.
(a) Prepare vertical format of P&L. 07
(b) Prepare note of accounts related to P&L 07
OR
Q.5 (a) Prepare vertical format of Balance sheet.(P&L balance will be the balancing figure of BS) 07
(b) Prepare note of accounts related to Balance Sheet. 07

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This download link is referred from the post: GTU MBA Last 10 Years 2010-2020 Question Papers || Gujarat Technological University

This post was last modified on 19 February 2020