Download PTU MBA 2020 March 2nd Sem 51195 Accounting For Management Ii Question Paper

Roll No. ____________________ Total No. of Pages : 02

Total No. of Questions : 06

MBA (PIT) (Sem.-2)

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ACCOUNTING FOR MANAGEMENT-II

Subject Code: MBA-207

M.Code: 51195

Time: 3 Hrs. Max. Marks : 60

INSTRUCTIONS TO CANDIDATES :

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1. SECTION-A contains SIX questions carrying TWO marks each and students have to attempt ALL questions.
2. SECTION-B consists of FOUR questions each carrying TEN marks each and student has to attempt ALL questions.
3. SECTION-C is consist of ONE Case Study carrying EIGHT marks.
4. All Questions are Compulsory.

SECTION-A

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1. Write short notes on :
   1. Uses of financial Statement
   2. IFRS
   3. Tender Costing
   4. Opportunity Costing
   5. Zero Base Budgeting

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   6. Break Even Analysis

SECTION-B

2. What is Analysis of Financial Statements? Briefly explain any two tools analyzing this statements.
3. What is the Purpose of preparing Cash Flow Statement? How it is prepared? Explain & illustrate.

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4. "Marginal Costing is essentially a technique of Cost Analysis and Cost Production". Discuss the statement with reference to the application, merits & limitations of Marginal Costing.
5. The Standard Costing of a certain Chemical Mixture is: 35% Material A at Rs25 per kg, and 65% Material B at Rs 36 per kg. A Standard Loss of 5% is expected in production. During a Period, there is used: 125 kg of Material A at Rs27 per kg; and 275 kg of Material B at Rs34 per kg. The actual Output was 365 kg. Calculate :
   1. Material Cost Variance
   2. Material Yield Variance

SECTION-C

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6. Explain the Case Study of:

   LMN Ltd purchases 20,000 bells per annum from an outside supplier at Rs 5 each. The Management feels that these be manufactured and not purchased. A Machine Costing Rs 50,000 will be required to manufacture the item within the factory. The Machine has an annual capacity of 30,000 units and life for 5 Years. The Following additional information is available:

   Material Cost per Bill Rs 200

   Labour Cost per Bill Rs 100

   Variable Overheads % of Labour Cost

   1. The Company should continue to purchase the bells from outside supplier or should make them in factory and

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   2. The Company should accept an order to supply 5000 bells to the market at Selling Price of Rs 4.50 per unit?

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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