2020-21

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

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Course Code : MCO-05 Accounting for Managerial Decisions English Medium 2020-21 (July 2020 and January 2021) 15th March, 2021 (for July 2020 session) 15th September, 2021 (for January 2021 session) Click Here
SKU: MCO-05 EM 2020-21 Category:

## Description

University : IGNOU MCOM (2nd Year) MCO-5 Accounting for Managerial Decisions English 100 30% July 2020 and January 2021 (2020-21) 15th March, 2021 (for July 2020 session) 15th September, 2021 (for January 2021 session) 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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