NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Cost & Management Accounting
Internal Assignment Applicable for June 2019 Examination
Assignment Marks: 30
NMIMS solved assignments June 2019: Contact us for answers at assignmentssolution@gmail.com
School for Continuing Education (NGA-SCE)
Course: Cost & Management Accounting
Internal Assignment Applicable for June 2019 Examination
Assignment Marks: 30
NMIMS solved assignments June 2019: Contact us for answers at assignmentssolution@gmail.com
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)
the types of accounting differs from each other. Prepare a presentation highlighting the
points of difference between financial accounting and cost accounting. (10 Marks)
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)
3. The following information is available about a product for the month of June 2019.
usually taken into consideration by managers for financial decision making. (10 Marks)
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)
**********
b. Labour variances (5 Marks)
**********
