Description
TUTOR MARKED ASSIGNMENT
Course Code : MCO – 05
Course Title : Accounting for Managerial Decisions
Assignment Code : MCO – 05/TMA/2021-22
Coverage : All Blocks
Maximum Marks: 100
Attempt all the questions.
Q-1. (a) Distinguish among variable, fixed and semi-variable costs. Why is this distinction important?
Q-1. (b) How cash flow statement is different from income statement? What are the additional benefits to different users of accounting information from cash flow statement? (10+10)
Q-2. (a) What do you understand by zero base budgeting? How is it different from traditional budgeting?
Q-2. (b) “Responsibility accounting is a responsibility set-up of management accounting”. Comment. (10+10)
Q-3. Information regarding Sanjeev Ltd. is as follows:
Sales 6,00,000
Less : Variable costs 4,50,000
Contribution 1,50,000
Less : Fixed costs 90,000
Profit 60,000
You are required to calculate:
(a) Break-even point
(b) P/V Ratio
(c) Profit on sales of` 9,00,000
(d) Sales required to each a profit of 90,000
(e) Margin of safety (20)
Q-4. (a) What do you mean by accounting reports? What are the different types of reports for internal use?
Q-4. (b) Explain the significance of Profit-Volume ratio, Margin of Safety and Angle of Incidence? (10+10)
Q-5. Following are the summary of cash transactions extracted from the books of AB Ltd.:
| Rs. | |
| Balance on 1-07-2016 | 35,000 |
| Receipts from customers | 27,83,000 |
| Issue of shares | 3,00,000 |
| Sale of fixed Assets | 1,28,000 |
| 32,46,000 | |
| Rs. | |
| Payments to suppliers | 20,47,000 |
| Payment for fixed assets | 2,30,000 |
| Payments for overheads | 1,15,000 |
| Salaries | 69,000 |
| Income-Tax | 2,43,000 |
| Dividends paid | 80,000 |
| Repayment of Bank Loan | 2,50,000 |
| 30,34,000 |
Prepare a cash flow statement of the company for the year ended 30th June, 2017 in accordance with AS-3 (revised) by direct method.
Validity:
These assignments are valid for two admission cycles (July 2021 and January 2022). Validity is given below:
1. Those who are enrolled in July 2021, it is valid upto June 2022 Term End Examination and you must submit assignment to the Coordinator of your study centre latest by 15th March 2022
2. Those who are enrolled in January 2022, it is valid upto December 2022 Term End Examination and you must submit assignment to the Coordinator of your study centre latest by 15th September 2022
Anonymous (verified owner) –
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