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 2019 and January 2020 (2019-20) |
| Last Date of Submission : | 15th March, 2020 (for July 2019 session) 15th September, 2020 (for January 2020 session) |
| Solution Type : | Softcopy (PDF File) |
TUTOR MARKED ASSIGNMENT
| Course Code | : MCO-05 |
|---|---|
| Course Title | : Accounting for Managerial Decisions |
| Assignment Code | : MCO-05/TMA/2019-20 |
| Coverage | : All Blocks |
Maximum marks: 100
Attempt all the questions.
- What is Cash flow statement? Explain the various techniques of preparing cash flow statement. How does it help the management in decision making?
- Standard cost of product is :
Time : 6 hours per unit
Rate : Rs 4 per hour
Actual cost :
Production 1,500 units
Hours taken 7,600 units
Idle time (in hours) 400
Total hours : 8,000
Total labour cost announced to Rs. 40,000. Calculate Labour Variance. - What do you understand by ‘Zero Based Budgeting’? State the benefits that accrue from it and also its disadvantages.
- The following data are available from the records of a company:
Sales Rs. 60,000
Variable Cost Rs. 30,000
Fixed Cost Rs. 15,000
You are required to :
(a) Calculate the P/V Ratio, Break – Even Point and Margin of Safety at this level.
(b) Calculate the effect of 10% increase in the sale price.
(c) Calculate the effect of 10% decrease in the sale price. - What do you mean by the term ‘Budgetary Control’? What are its advantages? Also explain the statement that, “A budget is a means and Budgetary control is the end result”.
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