Download PTU MBA 2020 Dec 1st Sem 75405 Accounting For Management And Reporting Question Paper

Download PTU I. K. Gujral Punjab Technical University (IKGPTU) MBA (Master of Business Administration) 2020 December 1st Sem 75405 Accounting For Management And Reporting Previous Question Paper

Roll No.
Total No. of Pages : 02
Total No. of Questions : 17
MBA/MBA IB (2018 & Onwards) (Sem.?1)
ACCOUNTING FOR MANAGEMENT
AND REPORTING
Subject Code : MBA-104-18
M.Code : 75405
Time : 3 Hrs. Max. Marks : 60
INST RUCT IONS T O CAND IDAT ES :
1 .
SECT ION-A c ontains EIGHT questio ns carrying TWO marks each an d s tudents
has to attempt ALL que stions.
2 .
SECT IONS-B co nsists of FOUR Su bsec tions : Un its-I, II, III & IV. Eac h
Subs ectio n co nta in s TWO q uestions each ca rryin g EIGHT ma rks each a nd
studen t has to attempt any ONE qu estion fro m ea ch Subsection.
3 .
SECT ION-C is COMPUL SORY and co nsists of ONE Case Stud y carrying TWEL VE
marks.
SECTION-A
Write short notes on the following :
1.
Master Budget
2.
Performance Budget
3.
Operating Activity
4.
Kaizen costing
5.
Fixed Cost
6.
Make or buy Decision
7.
Liquid Asset
8.
Direct Expenses
SECTION-B
UNIT-I
9.
What are the fundamental accounting assumptions? Are these different from accounting
policies? Explain.
10. State and explain the main difference between Financial Accounting and Cost Accounting.
Give various limitations of Financial Accounting.
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UNIT-II
11. The Standard material required to manufacture one unit of product Y is 12 kgs and the
standard price per kg of material is Rs. 27. The cost accounts records, however reveal that
12500 kgs of material costing Rs. 2,80,000 were used for manufacturing 1,000 units of
product Y. Calculate Material Variances.
12. What is budgetary control? State the main objectives of budgetary control. What are the
main steps in budgetary control?
UNIT-III
13. What is meant by Ratio Analysis? Discuss its objects and Limitations.
14. What do you mean by Funds from Operation? How will you determine it?
UNIT-IV
15. Explain the steps involved in Target Costing approach to pricing.
16. How is Activity Based Costing different from Traditional costing System? Explain the
process of designing Activity based Costing.
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 2,02,500 pounds and the expected raw materials inventory level on July 31 will
be 2,70,000 pounds.
Question :
How many pounds of raw material should be purchased in July?
NOTE : Disclosure of Identity by writing Mobile No. or Marking of passing request on any
paper of Answer Sheet will lead to UMC against the Student.
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