2020-21
MCO-05 Solved Assignment For IGNOU MCOM English Medium

MCO-05 Solved Assignment 2020-21 | English Medium | Accounting for Managerial Decisions

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Course Code :  MCO-05
Course Title : Accounting for Managerial Decisions
Medium :  English Medium
Session :  2020-21 (July 2020 and January 2021)
Last Date of Submission : 15th March, 2021 (for July 2020 session)
15th September, 2021 (for January 2021 session)
Assignment Questions :  Click Here
SKU: MCO-05 EM 2020-21 Category: Tags: , ,

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 2020 and January 2021 (2020-21)
Last Date of Submission : 15th March, 2021 (for July 2020 session)
15th September, 2021 (for January 2021 session)
Solution Type : Softcopy (PDF File)

TUTOR MARKED ASSIGNMENT

Course Code : MCO-05
Course Title : Accounting for Managerial Decisions
Assignment Code : MCO-05/TMA/2020-2021
Coverage : All Blocks

Maximum marks: 100

Attempt all the questions.

  1. (a) The elements of cost can be presented in the form of a statement called ‘Cost Sheet’. Comment. Prepare a proforma of cost sheet showing the important components.
    (b) Briefly explain the issues addressed under Strategic Cost Management.
  2. (a) Differentiate between fixed and flexible budgeting.
    (b) Define budgeting and budgetary control. What are the essentials of establishment of Budgeting system?
  3. Prepare a Cash Flow statement from the following balance sheet of ABC Sugars Ltd.
    Liabilities 2018 2019 Assets 2018 2019
    Share capital
    General reserve
    P&L a/c
    12% debentures
    14% mortgage loan
    Creditors    		 4,00,000
    1,25,000
    1,10,000
    2,00,000
    1,00,000
    80,000    		 5,00,000
    1,35,000
    1,90,000
    1,50,000
    1,60,000
    95,000    		 Machinery
    Long term investments
    Stock
    Debtors
    Cash
    Bank
    Share issue expenses    		 5,00,000
    70,000
    2,10,000
    1,40,000
    20,000
    50,000
    25,000    		 7,00,000
    56,000
    2,80,000
    1,14,000
    40,000
    20,000
    20,000
    10,15,000 12,30,000 10,15,000 12,30,000

    Total interest paid during the year amounted to Rs. 37,800

  4. (a) What do you understand by Standard Costing? Explain the advantages and limitations of Standard Costing.
    (b) What is Break Even analysis? Explain the different methods of computing break-even point?
  5. Calculate the following ratios from the details given below:
    a) Current ratio
    b) Quick ratio
    c) Operating ratio
    d) Gross profit ratio
    Details:
    Current assets: Rs.70,000
    Net working capital: Rs. 30,000
    Inventories: Rs. 30,000
    Sales: Rs. 1,40,000
    Cost of goods sold: Rs. 68,000

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