Cost & Management Accounting Nmims Pgdfm

advertisement
GET SOLVED ASSIGNMENTS
VISIT
WWW.MBASOLVEDASSIGNMENT.COM
Or Mail us at [email protected]
AKANSHA –
09773820734
(WHATSAPP )
Course : Cost & Management Accounting
Question 1 Amman ,Namman, Pulkit and Amit started with a fast food restaurant, couples of years
back. This year all the partners of the restaurant are planning to come up with a chain of restaurant
in the city and therefore wants to employ some additional staff. One of the partner, gives an
advertisement for recruitment in the Newspaper, for the position of Cost Accountant as well as
Management Accountant. However, Mr. Shinde, the HR manager of the restaurant is confused
about difference in the functions performed by the Cost Accountant and Management Accountant.
Discuss how you will convince Mr. Shinde that both the profiles have certain specific set of functions
to be performed, which are different from each other.
Question 2 PrachiPvt Ltd manufactures two types of wooden boxes, using certain common facilities.
The following cost data is presented to you Box A Type Box B Type Units produced 2000 3000 Direct Labour hours per unit 1 2 Machine hours
per unit 5 7 Set up machines 10 15 Orders 10 20 Machine activity expenses Expenses incurred to
set up the machines ||Expenses in relation to the orders received Rs 500000 Rs50000 Rs 15500
Calculate the overhead per unit absorbed using the most practical and effective approach, which
gives relevance to the casual relationship of cost drivers to activities. Also, discuss the approach in
detail.
Question 3 A product X passes through two processes. The output of Process I becomes the input
of Process II. The quantity of raw material introduced into process I is 20000kgs @ 20 per Kg. The
additional cost incurred and output obtained for one of the month under review is as under-
Process I Process II Direct Material 80000 50000 Direct Labour 60000 20000 Production Overhead
24000 11000 Normal Loss 5% 2% Output 18500 18200 Loss resalable as scrap per unit Rs10 Rs 5
Calculate i. Value of Abnormal gain/ loss in Process I
ii. Value of Abnormal gain/ loss in Process II
GET SOLVED ASSIGNMENTS
VISIT
WWW.MBASOLVEDASSIGNMENT.COM
Or Mail us at [email protected]
AKANSHA –
09773820734
(WHATSAPP )
Download
Related flashcards

Politics

31 cards

Political movements

25 cards

Copyright law

26 cards

Politics

34 cards

Create Flashcards