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