RGU Question Paper Commerce Semester VI 2020: Management Accounting (Old)

 

2020

B.Com (VI Semester) Examination

COMMERCE

Paper : BCM–603 (Group–C) (Old Course)

( Management Accounting )

Full Marks : 80

Pass Marks : 35%

Time : Three Hours

Section—I

1. Answer any five of the following questions : 2×5=10

(a) What is marginal cost?

(b) Define sales budget.

(c) What is report?

(d) Give two scopes of Management Accounting.

(e) Define variance.

(f) Explain budgeting procedure in small firm.

(g) What is CVP?

Section—II

2. Answer any four of the following questions : 5×4=20

(a) What is standard costing? Explain its features.

(b) Give five advantages of Management Accounting.

(c) What is P/V ratio? What is the use of calculating P/V ratio?

(d) “Managing accounting basically concerned with decision-making.” Explain this statement.

(e) Distinguish between Cost Accounting and Management Accounting.

(f) What is breakeven analysis? Explain with an example.

(g) Why is reporting necessary? Explain.

(h) What is overhead variance? Explain in detail.

Section—III

3. Answer any five of the following questions : 10×5=50

(a) Calculate (i) contribution, (ii) P/V ratio and (iii) total fixed cost from the
following particulars :

Selling price R 30 per unit

Units sold—1200

Variable cost R 15 per unit

Closing stock 300 units

Fixed cost R 2 per unit produced

(b) Elaborate the advantages and disadvantages of marginal costing technique.

(c) What is material variance? Explain different components of material variance.

(d) Define budgetary control. Also elaborate the advantages of budgetary control.

(e) Distinguish between standard costing and budgeting.

(f) What is accounting information? How are these reported to different levels of management?

(g) Elaborate the budget procedure in finalizing different budgets in an organization.

(h) What is sales budget? How is it prepared?

(i) “Management Accounting is combination of entire accounting methods.” Do you agree? Give reasons to your answer.