NMIMS Global Access
School for Continuing Education (NGA‐SCE)
Course: Cost and Management Accounting
Internal Assignment Applicable for September 2016 Examination
Assignment Marks: 30
Instructions:
All Questions carry equal marks.
All Questions are compulsory
All answers to be explained in not more than 1000 words for question 1 and 2 and
for question 3 in not more than 500 words for each subsection. Use relevant
examples, illustrations as far as possible.
All answers to be written individually. Discussion and group work is not advisable.
Students are free to refer to any books/reference material/website/internet for
attempting their assignments, but are not allowed to copy the matter as it is from
the source of reference.
Students should write the assignment in their own words. Copying of assignments
from other students is not allowed
1. From the following data, which product would you recommend to be manufactured
in a factory, time being the key factor? (10 marks)
Particulars Per unit of Product
A(Rs.)
Per unit of Product B
(Rs.)
Direct material 20 16
Direct Labour @ Re. 1per hr 2 3
Variable overhead Rs.2 per hr 3 5
Selling price 90 100
Standard time to produce 2 hours 3 hours
NMIMS Global Access
School for Continuing Education (NGA‐SCE)
Course: Cost and Management Accounting
Internal Assignment Applicable for September 2016 Examination
2. Atul has joined XYZ Ltd as management consultant. He is given the responsibility
of providing accounting information to the management through his presentation
next week. Help him with the different tools and techniques he needs to focus.
(10 marks)
3. To manufacture one unit of product, the requirement is 2 Kgs of material @ Rs.4
per Kg. Actual output is 300 units. Actual quantity of materials used is 700 kgs
@Rs.3.25. Calculate and interpret the result:
a) Material cost variance (5 marks)
b) Material price variance (5 marks)
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