Exam Details

Subject accounting for managers
Paper
Exam / Course pg diploma in banking and financial management (pgdbfm)
Department
Organization acharya nagarjuna university-distance education
Position
Exam Date May, 2017
City, State new delhi, new delhi


Question Paper

Total No. of Questions 10] [Total No. of Pages 02
P.G. DIPLOMA DEGREE EXAMINATION, MAY 2017
FINANCIAL BANKING FINANCIAL MANAGEMENT
Accounting for Managers
Time 3 Hours Maximum Marks: 70
Answer any five questions
All questions carry equal marks.
Q1) From the given data below, calculate the Material price variance, Material usage
variance, Material cost variance and Material mix variance.
Consumption per 100 units of product
Raw material Standard Actual
A 40 units
50 per unit 50 units@
50 per unit
B 60 units
40 per unit 60 units
45 per unit
Q2) The following is the standard cost data per unit of product
Selling Price Rs.40
Direct material Rs.8
Direct labour Rs.5
Variable factory overhead Rs.2
Fixed overhead Rs.5 (based on a budgeted normal output of 36,000 units per
year)
Q3) Ambitious enterprises is currently working at 50% capacity and producers 10,000
units.
At 60% working, raw material cost increases by and selling price falls by 2%.
At 80% capacity, raw material cost increases by and selling price falls by 5%.
At 50% working capacity the product cost is Rs. 180 per unit and is sold at
Rs.200 per unit.
The unit cost is Rs. 180 is made up as follows:
Rs.
Materials 100
Wages 30
Factory Overhead 30 fixed)
Administrative overheads 20 fixed)
Prepare a marginal cost statement showing the estimated profit at 60% and 80%
capacity.
Q4) Discuss the role of Accounting for managerial decision making.
Q5) Draw the proforma of profit and loss account and explain the contents of it.
Q6) Explain the accounting procedures for declaring and distributing dividends.
Q7) Explain Accounting for Issue and forfeiture of shares.
Q8) Discuss the significant cost concepts for decision making with suitable
examples.
Q9) Explain the managerial uses and limitation of CVP analysis in profit planning.
Q10) Discuss the significant cost concepts for decision making with suitable examples.


Other Question Papers

Subjects

  • accounting for managers
  • international financial management
  • management of financial services
  • perspectives of management
  • theory and practice of banking in india