MCO-05 Accounting for Managerial Decisions Solved Assignment 2021-22

Description

University :	IGNOU
Program :	MCOM (2nd Year)
Course Code :	MCO-5
Course Title :	Accounting for Managerial Decisions
Medium :	English
Max Marks :	100
Weightage :	30%
Session :	July 2021 and January 2022 (2021-22)
Last Date of Submission :	15th March, 2022 (for July 2021 session) 15th September, 2022 (for January 2022 session)
Solution Type :	Softcopy (PDF File)

TUTOR MARKED ASSIGNMENT

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Course Code	: MCO-05
Course Title	: Accounting for Managerial Decisions
Assignment Code	: MCO-05/TMA/2021-22
Coverage	: All Blocks

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Maximum marks: 100

Attempt all the questions.

1. (a) Distinguish among variable, fixed and semi-variable costs. Why is this distinction important?
   (b) How cash flow statement is different from income statement? What are the additional benefits to different users of accounting information from cash flow statement?
2. (a) What do you understand by zero base budgeting? How is it different from traditional budgeting?
   (b) “Responsibility accounting is a responsibility set-up of management accounting”. Comment.
3. Information regarding Sanjeev Ltd. is as follows:
   Sales 6,00,000
   Less : Variable costs 4,50,000
   Contribution 1,50,000
   Less : Fixed costs 90,000
   Profit 60,000

   You are required to calculate:
   (a) Break-even point
   (b) P/V Ratio
   (c) Profit on sales of` 9,00,000
   (d) Sales required to each a profit of 90,000
   (e) Margin of safety

4. (a) What do you mean by accounting reports? What are the different types of reports for internal use?
   (b) Explain the significance of Profit-Volume ratio, Margin of Safety and Angle of Incidence?
5. Following are the summary of cash transactions extracted from the books of AB Ltd.:
   Balance on 1-07-2016 35,000
   Receipts from customers 27,83,000
   Issue of shares 3,00,000
   Sale of fixed Assets 1,28,000
   32,46,000

   Payments to suppliers 20,47,000
   Payment for fixed assets 2,30,000
   Payments for overheads 1,15,000
   Salaries 69,000
   Income-Tax 2,43,000
   Dividends paid 80,000
   Repayment of Bank Loan 2,50,000
   30,34,000

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Keywords: MCO-05, MCO05, MCO5, MCO-5, MCO 5, MCO 05