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NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Cost & Management Accounting
Internal Assignment Applicable for June 2019 Examination
Assignment Marks: 30
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1. The roles and responsibilities of accounts manager are different from cost manager as both
the types of accounting differs from each other. Prepare a presentation highlighting the
points of difference between financial accounting and cost accounting. (10 Marks)

NMIMS solved assignments June 2019: Contact us for answers at assignmentssolution@gmail.com

2. Discuss any five costs other than the accounting costs, with suitable example, which are
usually taken into consideration by managers for financial decision making. (10 Marks)
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3. The following information is available about a product for the month of June 2019.

Material Purchased	24000 kgs@ 105600
Material consumed	22800 kgs
Actual wages paid for 5940 hours	Rs 29700
Units produced	2160

Standard rates and prices are as follows

Direct material cost	Rs4 per unit
Direct labour cost	Rs4 per hour
Standard input	10kg for one unit

Based on the data and information, calculate relevanta. Material variances (5 Marks)
b. Labour variances (5 Marks)