MCO-05 Solved Assignment 2018-19 Accounting for Managerial Decisions

Description

MCO-05 English Medium Solved Assignment

Course Code : MCO–05

Course Title : Accounting for Managerial Decisions

Assignment Code : MCO-05/TMA/201 8-1 9

1. (a) Describe different methods of costing and state the particular industries to which the can be applied .
   (b) “Fixed costs are really variable the more you produced the less they become”. Comment on the statement.
2. (a) “Funds Flow statement also suffers from window dressing of accounts and hence fails to. give true view of funds movement”. Do you agree with this statement? Give your views.
   (b) How does cash flow analysis help the Management un decision making? Explain.
3. (a) “A Budget is a means and budgetary control is the end result”. Explain.
   (b) “Performance budgeting requires preparation of periodic performance reports”. Explain.
4. The following figures relates to the quantity of material required for the production of a product:
   Compute
   a) Material Cost Variance
   b) Material Price Variance
   c) Material Usage Variance
   d)Material Mix Variance
5. What do you mean by Marginal Costing? Explain the Managerial uses of Marginal costing with suitable examples.