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101 Managerial Accounting

The document is an assignment for MBA-I students at Matoshri College of Management and Research Centre, focusing on Managerial Accounting. It includes questions on accounting concepts, decision-making in management, differentiation between financial and cost accounting, and practical exercises involving financial statements and variances. Additionally, it provides specific data for calculations related to sales, profits, and material costs.

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aniket.chindaliya1005
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36 views2 pages

101 Managerial Accounting

The document is an assignment for MBA-I students at Matoshri College of Management and Research Centre, focusing on Managerial Accounting. It includes questions on accounting concepts, decision-making in management, differentiation between financial and cost accounting, and practical exercises involving financial statements and variances. Additionally, it provides specific data for calculations related to sales, profits, and material costs.

Uploaded by

aniket.chindaliya1005
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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MATOSHRI EDUCATION SOCIETY’S

MATOSHRI COLLEGE OF MANAGEMENT AND RESEARCH CENTRE

Eklahare, Near Odhagaon Aurangabad Highway. Nashik. 422 105, Dist-Nashik(M.S.)

Phone: 0253-2406681 / 82

E-mail: [email protected]

Assignment

Subject: Managerial Accounting (101)

Class: MBA- I I SEM

========================================================
==
Sub: Managerial Accounting (101)

A. Answer the Following


1. Describe Accounting Concepts & Conventions.(CO-1)
2. Explain in detail on Make or Buy Decision & Accept or Reject Special Order
Decisions.(CO-2)
3. Differentiate between Financial Accounting & Cost Accounting (CO-4)
4. Prepare Trading and profit and loss account & balance sheet (CO3)

Account Title Elements Debit Amount Credit Amount


Cash Assets 1,000
Bank Assets 5,000
Wages Expense 8,000
Salaries Expense 25,000
Furniture Assets 15,000
Rent of building Expense 13,000

Debtors Assets 15,500


Bad debts Expense 4,500
Purchases Expense 75,000
Capital 12,000
Equity
Sales Revenue 1,25,000
Creditors Liabilities 15,000
Long-term loan (raised on Liabilities 5,000
1.4.2013)
Commission received Revenue 5,000
Total 1,62,000 1,62,000
Additional Information : The stock on March 31, 2017 was ` 15,000.

5. Solve (CO-3)
The sales and profit during the last two years of Asoka Ltd. were as follows
Year sales profits
2016-17 15,00,000 2,00,000
2017-18 17,00,000 2,50,000
Annual fixed cost is Rs.1,75,000 you are required to calculate,
1. P/V Ratio
2. BEP (Sales)
3. The profits made when sales are Rs.25, 00,000.

6.From the following information calculate (CO-5)


Material cost variance
1) Material Price Variance
2) Material Usage Variance
3) Material Mix Variance

Material Standard Actual


A 100 Units @Rs.20 Per Unit 50 Units @Rs.30 Per Unit
B 200 Units @Rs.30 Per Unit 100 Units @Rs.60 Per
Unit
C 200 Units @Rs.60 Per Unit 150 Units @Rs.50 Per
Unit
total 500 300

Prof.D.C.Desai

Subject Faculty

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