Download JNTU-Hyderabad MBA 3rd Sem R17 2018 Dec 743AQ Strategic Management Accounting Question Paper

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R17

JAWAHARLAL NEHRU TECHNOLOGICAL UNIVERSITY HYDERABAD

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Time: 3hours Max.Marks:75

Note: This question paper contains two parts A and B. Part A is compulsory which carries 25 marks. Answer all questions in Part A. Part B consists of 5 Units. Answer any one full question from each unit. Each question carries 10 marks and may have a, b, c as sub questions.

PART - A

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1. a) What is Financial accounting? [5]
   b) Explain normal losses and abnormal losses. [5]
   c) Discuss Profit planning. [5]
   d) What is the need for inter-firm comparison? [5]
   e) Explain Material variance. [5]

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5×5 Marks = 25

PART - B

5 × 10 Marks = 50

1. What do you mean by cost? Explain various elements of cost. [10]
   OR
   

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2. Explain various differences between financial accounting and cost accounting. [10]
3. What do you mean by management accounting? How it is useful for managers? [10]
   OR
4. What do you mean by elements of cost? Explain in detail and how these elements are presented in the form of a cost sheet. [10]

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5. Explain the applications of Marginal costing in terms of cost control. [10]
   OR
6. A radio manufacturing company finds that while it costs Rs. 6.25 to make a component, the same is available at market for 5.75 with an assurance of continued supply. The break cost is Rs.

   Material	2.75
   Labour	1.75
   Variable expenses	0.50
   Fixed Expenses	1.25
   Total	6.25

   
   a) Should you make/buy? Give reasons.
   b) What would be your decision if the supplier offered the component at Rs. 4.85 each? [10]

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7. “The method of costing depends on the nature of product, production methods and specific business conditions”. Explain this statement. [10]
   OR
8. What do you understand by the term break even analysis and how does this help in business decisions? [10]
9. Define standard costing? Describe the limitations of standard costing? [10]
   OR

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10. Calculate all labour variances with the help of following information-
    • Standard
      Number in standard gang
      Standard wages rate per hour
      Standard gang hours in a week
      Standard output per gang hour

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    • Actual
      Number in actual gang
      Actual wages rate per hour
      Actual gang hours paid for
      Actual gang hours worked
      

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      Abnormal Idle time
      Actual output

    	Men	Women
    Standard	20	10
    Standard wages rate per hour (Rs.)	9.00	8.00

    Standard gang hours in a week 40 hours
    Standard output per gang hour 50 units

    	Men	Women
    Actual	16	14
    Actual wages rate per hour (Rs.)	10.00	5.00

    Actual gang hours paid for 40 hours
    Actual gang hours worked 39 hours
    

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    Abnormal Idle time 1 hour
    Actual output 2400 units [10]

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