Download PTU MBA 2020 March 1st Sem Accounting For Management And Reporting Question Paper

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Roll No. : __________

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Total No. of Questions : 17

Total No. of Pages : 02

MBA/MBA(IB) (2018 & Onwards) (Sem.-1)

ACCOUNTING FOR MANAGEMENT AND REPORTING

Subject Code: MBA-104-18

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M.Code : 75405

Time : 3 Hrs.

Max. Marks : 60

INSTRUCTION TO CANDIDATES :

1. SECTION-A contains EIGHT questions carrying TWO marks each and students has to attempt ALL questions.

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2. SECTION-B consists of FOUR Subsections: Units-I, II, III & IV. Each Subsection contains TWO questions each carrying EIGHT marks each and student has to attempt any ONE question from each Subsection.
3. SECTION-C is COMPULSORY and carries TWELVE marks.

SECTION-A

Write short notes on the following :

1. Fixed Budget

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2. Marginal Costing
3. Investment Activity
4. Target Costing
5. Accrual Concept
6. Current Ratio

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7. Liquid Asset
8. Direct Material

SECTION-B

UNIT-I

9. What are basic accounting concepts and conventions? Explain these concepts and conventions in detail.

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10. "While Financial Accounting is external, Cost Accounting is internal to the business". Give various objectives of Cost Accounting.

UNIT-II

11. Assuming that the cost structure and selling prices remain the same in period I and II, find out :
    1. Profit Volume Ratio
    2. Fixed Cost
    3. Break Even Point for Sales

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    Period	Sales (Rs.)	Profits (Rs.)
    I	2,00,000	9,000
    II	2,20,000	13,000

12. Explain the concept and important features of zero base budgeting. How is it different from conventional budgeting?

UNIT-III

13. What are important Profitability Ratios? How are they worked out? Explain and illustrate.
14. How does the Cash Flow Statement differ from a Fund Flow Statement? What are their uses?

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UNIT-IV

15. Explain the following terms in relation to Activity Based Costing :
    1. Cost object
    2. Cost driver
    3. Cost pool

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16. What is Life Cycle Costing? Explain the Stages in product life cycle.

SECTION-C

17. Case Study :

    Scooter Corp. has forecast sales as follows: July, 30,000 units; August, 35,000 units; and September, 40,000 units. Finished goods inventory as of July 1 is forecast to be 10,000 units. Finished goods inventory of 20% of the following month's sales needs is desired. Each finished unit requires 5 pounds of raw material. The raw materials inventory level on July 1 was 202,500 pounds and the expected raw materials inventory level on July 31 will be 270,000 pounds.

    Question:

    How many pounds of raw material should be purchased in July?

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NOTE : Disclosure of Identity by writing Mobile No. or Making of passing request on any page of Answer Sheet will lead to UMC against the Student.

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