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NMIMS Global Access

School for Continuing Education (NGA-SCE)

Course: Cost & Management Accounting

Internal Assignment Applicable for December 2018 Examination

Assignment Marks: 30

NMIMS December 2018 solved assignments: Contact us at assignmentssolution@gmail.com

Question 1

Amman , Namman, Pulkit and Amit started with a fast food restaurant, couples of years

back. This year all the partners of the restaurant are planning to come up with a chain of

restaurant in the city and therefore wants to employ some additional staff. One of the

partner, gives an advertisement for recruitment in the Newspaper, for the position of Cost

Accountant as well as Management Accountant.

However, Mr. Shinde, the HR manager of the restaurant is confused about difference in the

functions performed by the Cost Accountant and Management Accountant.

Discuss how you will convince Mr. Shinde that both the profiles have certain specific set

of functions to be performed, which are different from each other.  (10 Marks)

Question 2

Prachi Pvt Ltd manufactures two types of wooden boxes, using certain common facilities.

The following cost data is presented to you -

                                                  Box A Type                                 Box B Type

Units produced                            2000                                          3000

Direct Labour hours per unit          1                                              2

Machine hours per unit                  5                                               7

Set up machines                            10                                             15

Orders                                           10                                            20

Machine activity expenses                                                   Rs 500000

Expenses incurred to set up the machines                              Rs50000

||Expenses in relation to the orders received                           Rs 15500

Calculate the overhead per unit absorbed using the most practical and effective approach,

which gives relevance to the casual relationship of cost drivers to activities. Also, discuss

the approach in detail. (10 Marks)

Question 3

A product ‘X’ passes through two processes. The output of Process I becomes the input of

Process II. The quantity of raw material introduced into process I is 20000kgs @ 20 per

Kg. The additional cost incurred and output obtained for one of the month under review is

as under-

                                                  Process I                                       Process II

Direct Material                       80000                                                     50000

Direct Labour                         60000                                                     20000

Production Overhead             24000                                                      11000

Normal Loss                          5%                                                             2%

Output                                 18500                                                         18200

Loss resalable as scrap per unit Rs10                                                      Rs 5

Calculate

i. Value of Abnormal gain/ loss in Process I (5 Marks)

ii. Value of Abnormal gain/ loss in Process II  (5 Marks)

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