Total No. of Questions : 5] SEAT No.

:
P7987 [Total No. of Pages : 5
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M.B.A.-I (All Programmes)
101-GC-01 : MANAGERIAL ACCOUNTING
(2021 Pattern) (Semester-I)
Time : 2½ Hours] [Max. Marks : 50
Instructions to the candidates:
1) All questions are compulsory.
2) Each questions carry equal marks.
3) Figures to the right indicate full marks.

Q1) Solve any five. [5×2=10]

a) What is accounting?

b) List any four name of users of accounting information.

c) What is fixed assets?

d) What is overheads?

e) Write any four objectives of cost accounting?

f) What is Break-Even point?

g) Write any two advantages of Budgetary control.

h) What is the distinction between debtor and creditors.

Q2) Solve any Two. [2×5=10]

a) Explain any five accounting concepts with suitable example.

b) Distinguish between Capital expenditure & Revenue expenditure.

c) Explain and illustrate the various elements of cost.

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Q3) Solve any one: [10]
a) From the following Trial Balance of Shri Dinesh, prepare trading and
profit and loss account for the year ended 31/3/2023 and balance sheet
as on that date.
Trial Balance
as on 31stMarch 2023
Debit Balance Rs. Credit balance Rs.
Machinery 90,000 Capital 1,15,200
Buildings 40,000 Creditors 45,000
Stock (1-4-2022) 20,200 Bills Payables 4,000
Purchases 1,10,800 Return Outwards 1,500
Wages & salaries 17,000 Interest and commission 900
Carriage outward 3,000 Outstanding expenses 1,150
Sundary debtors 35,000 Sales 1,90,500
General Expenses 9,100 R.D.D. 2,500
Rent 1,700
Bad debts 650
Legal charges 700
Prepaid Rent 200
Loan to Manish 17,000
Drawings 4,300
Cash in hand 1,350
Cash at bank 9,750
3,60,750 3,60,750
The following adjustments should be taken into consideration.
i) Stock on 31st March 2022 was valued at cost Rs. 20,900. Market
Price was Rs. 24,000
ii) Depreciate Machinery at 10% and Building at 5%
OR
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 b) The Bangalore Ltd. Supplies you the following information and requires
you to prepare cost sheet.
Particulars (Rs)
Stock of raw materials on 1st April 2022 75,000
Stock of raw materials on 30th April 2022 91,500
Direct wages 52,500
Indirect wages 2,750
Sales 2,00,000
Work in Progress on 1st April 2022 28,000
Work in Progress on 30th April 202235,000
Purchase of raw materials 66,000
Factory Rent, rates and power 15,000
Depreciation of plant and machinery 3,500
Expenses on purchases 1,500
Carriage outward 2,500
Advertisement 3,500
Office rent and taxes. 2,500
Traveller’s wages and commission 6,500
Stock of finished goods on 1st April 2022 54,000
Stock of finished goods on 30th April 2022 31,000
Q4) Solve any one: [10]
a) Given below are the sales and profit of the two halves of the year.
Ist half II nd half
Sales 1,00,000 1,20,000
Profit 30,000 38,000
Fixed cost during the first half is equal to that during the second half.
Selling price and per unit variable cost remain unchanged. Analyse the
following:

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 i) P/V Ratio
ii) Fixed cost
iii) BEP
iv) Sales to earn profit of 40,000
OR
b) A company has 3 alternative choices of product mix. It produces two
products A and B. It can produce either:
i) 200 units of A and 400 units of B
ii) 300 units of A and 300 units of B
iii) 400 units of A and 200 units of B
Other information is available as under:
1) Selling price A (Rs.) B(Rs.)
2) Variable cost 400 300
3) Fixed cost : Rs. 16,000
You have to decide the best profitable mix.

Q5) Solve any one: [10]

a) Hindustan Machine tools Ltd. Wants to avail overdraft facility with Bank
of India for the period October-December 2022, for meeting the orders.
From the following particulars prepare a cash budget and find out the
amount of overdraft facility required.
2022, Month Credit sales (Rs.) Purchases (Rs.) Wages (Rs.)
July 1,30,000 1,60,000 14,000
August 2,10,000 1,55,000 15,000
September 2,20,000 1,80,000 18,000
October 3,00,000 3,20,000 15,000
November 1,50,000 2,20,000 17,000
December 1,50,000 3,50,000 16,000

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 The credit sales are realised as below:
i) 50% of the amount in the second month following and balance.
ii) 50% of the amount in the third month following the sales.
The creditors for purchases are paid in the months following the
month of purchase. Wages are paid in the same month.
The bank pass book shows a balance in the current account as on
30th September 2022 as Rs. 10,000.
OR
b) For making 10 kg of Gemco, the standard material requirement is :
Material Quantity (kg) Rate Per Kg (Rs.)
A 8 6.00
B 4 4.00
During April, 1000kg, of Gemco were produced the actual consumption
of material is as under.
Material Quantity (kg) Rate Per Kg (Rs)
A 750 7.00
B 500 5.00
Calculate.
i) Material cost variance.
ii) Material price variance
iii) Material usage variance

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