SMU MBA Solved Assignments 2012

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Tuesday, May 15, 2012

MBA - MB0041 Assignment Feb 2012

MBA - MB0041 1st Semester Assignment, Spring / Feb 2012

MB0041 –Financial and Management Accounting

Assignment Set- 1 

Note: Each Question carries 10 marks. Answer all the questions.
Q1. The Balanced Score Card is a framework for integrating measures derived from strategy. Take an Indian company which has adopted balance score card successfully and explain how it had derived benefits out of this framework.

Q2. What is DuPont analysis? Explain all the ratios involved in this analysis. Your answer should be supported with the chart.

Q3. Accounting Principles are the rules based on which accounting takes place and these rules are universally accepted. Explain the principles of materiality and principles of full disclosure. Explain why these two principles are contradicting each other. Your answer should be substantiated with relevant examples.

Q4. Explain any two types of errors that are disclosed by trial balance with examples and rectification entry.
Note - Avoid giving examples given in the self- learning material.

Q5. Distinguish between financial accounting and management accounting

Q6. XYZ Ltd provides the following informati

                                 January 1      December 31
 Sundry Debtors              65,000      1,05,000
 Cash in hand                  13,000         20,000
 Cash at Bank                 15,000         20,000
 Bills Receivable              16,000         30,000
 Inventory                        90,000         84,000
 Bills Payables                 12,000           8,000
 Outstanding expenses      6,000            5,000
 Sundry Creditors            30,000        58,000
 Bank Overdraft              30,000        42,000
 Short term Loans            32,000        36,000

Prepare a schedule of changes in working capital
Hint: Net Working capital: Jan 1st 89000 and Dec31st 110000

Assignment Set- 2 

Q1. Illustration 1: Compute the cash flow from operating activities
Profit and Loss Account

   To                                                                                                     By
_________________________________________________________________
 Cost of goods sold          4,00,000     Sales including cash
                                                                sales 1,00,000                 5,00,000
 Office expenses                 12,000     Profit on sale of land                 30,000
 Selling expenses                   8,000      Interest on investment              20,000
 Depreciation                        6,000
 Loss on sale of plant            4,000
 Goodwill written off             3,000
 Income tax                          7,000
 Net Profit                       1,10,000 
__________________________________________________________________
                                       5,50,000                                                   5,50,000

                    Balance Sheet as on ………. 
                                                                         MARCH 31
 ----------------------------------------------------------------------------------------------
                                   2006                                      2007
 Stock                         30,000                                    28,000
 Debtors                      15,000                                    12,000
 Bills Receivable            6,000                                      8,000
 Creditors                    10,000                                    12,000
 Bills Payable                 8,000                                      5,000
 Outstanding expenses   4,000                                      5,000 
----------------------------------------------------------------------------------------------

Hint: Net cash from operating activities= 76000
Q2. The following extract refers to a commodity for the half year ending 31st March 2008. Prepare a cost statement.
----------------------------------------------------------------------------------------------
Purchase of
raw materials                      1, 20,000          Direct wages              1, 00,000
----------------------------------------------------------------------------------------------
Rent, rate, insurance
and Works expenses              40,000          Opening stock
                                                                  Raw materials                20,000
                                                                  Finished goods 
                                                                   (1000 units)                 16,000
----------------------------------------------------------------------------------------------
Work in progress:                                       Closing stock:
opening                               4, 800              raw material               22, 240
closing                              16, 000              F. Goods (2,000 tons)      
 ----------------------------------------------------------------------------------------------
Carriage inwards              1, 440                  Sale of finished goods   3, 00,000
Cost of factory                  8,000 
 ----------------------------------------------------------------------------------------------

Advertising, discounts allowed and selling costs Re.1 per ton sold. Production during the year is 16,000 tons. Prepare a cost sheet.
Hint: Total cost or cost of sales= 255000
Profit= 45000
Sales= 300000

Q3. Avon garments Ltd manufactures readymade garments and uses its cut-pieces of cloth to manufacture dolls. The following statement of cost has been prepared.

 Particulars              Readymade           Dolls          Total
                              garments  
_________________________________________________   
 Direct material          80,000               6,000            86,000
 Direct labour            13,000               1,200            14,200
 Variable overheads     17,000               2,800            19,800
 Fixed overheads        24,000               3,000            27,000
 Total cost              1,34,000              13,000          1,47,000
 Sales                     1,70,000              12,000          1,82,000
 Profit (loss)              36,000              (1,000)           35,000

The cut-pieces used in dolls have a scrap value of Rs 1,000 if sold in the market. As there is a loss of Rs. 1,000 in the manufacturing of dolls, it is suggested to discontinue their manufacture. Advise the management.
Hint : Total cost=Readymade garments 134000; Doll= 13000 and total=147000


Q4. Describe the essential features of budgetary control.

Q5. Briefly describe labor mix variance and yield variance.

Q6. How is standard costing related to budgetary control?

1 comment:

  1. answers dedo yaar.. bheek mang raha hu

    ReplyDelete