Thursday, May 23, 2013

Assignment of SCDL Pune Management Accounting - 2

Tuesday, March 2!, 2013

Assignment of SCDL Pune Management Accounting - 23
This solved paper of Management Accounting of SCDL Pune has been contributed by THAN S T!"

IMRAN KHAN

IMRAN KHAN

Assignment of SCDL Pune Management Accounting - 22

This solved paper of SCDL #nd Sem P$D%A Management Accounting of SCDL Pune has been contributed san&ay 'umar Dear Sir(Madam Please find attached file for assingment of %usiness La)*Management Accounting*Mar'eting Management* Production and !perational Management*Strategic +inance, -egards Note" Please tally the ans)ers and verify them from SCDL te.tboo's as all ans)ers might not be correct, //////////////////

"ednesday, #cto$er 10, 2012

Assignment of SCDL Pune Management Accounting - 21
This solved paper of SCDL #nd Sem P$D%A Management Accounting of SCDL Pune has been contributed san&ay 'umar Dear Sir(Madam Please find attached file for assingment of %usiness La)*Management Accounting*Mar'eting Management* Production and !perational Management*Strategic +inance, -egards Note" Please tally the ans)ers and verify them from SCDL te.tboo's as all ans)ers might not be correct, //////////////////

Tuesday, Se%tem$er 11, 2012

Management Accounting Assignment of SCDL Pune - 20
This solved paper of Management Accounting of SCDL Pune has been contributed by THAN S T!" Vaidyanathan
Hi 0 have attached the 1uestions i got during my assignment, Please eliminate the chec' mar's in the ans)er screen as i am not sure )hether the ans)ers chosen are correct, Than's and 'eep sharing 1uestions for the learners 2aidy Vaidyanathan

Note" Please tally the ans)ers and verify them from SCDL te.tboo's as all ans)ers might not be correct, 33333333333333333333333

Saturday, #cto$er 1&, 2011

Management Accounting So'(ed SCDL Assignment Pa%er - 1)

This solved paper of Management Accounting of SCDL Pune has been contributed by Harsha THAN S T!"Harsha

Hi4 please find the above attachment as the assignment for management accounting, 0 could not copy all the 1uestions,

than's 5 regards Harsha

Note: Please tally the answers and verify them from SCDL text books as all answers might not be correct.

*riday, #cto$er 1 , 2011

Management Accounting SCDL Assignment - 1+
This solved paper of Management Accounting of SCDL Pune has been contributed by Mohd 0mran THAN S T!"Mohd 0mran dear sir please find 6Management Accounting6 Solved Assignment for P$D%A #787 batch ,,,,,,,,,,, i am sending you this assignment to guide ne) student ,,,hope they )ill prefer // 90TH -:$A-DS,,,,, M!HD 0M-AN H;D:-A%AD <ANDH-A P-AD:SH= Note: Please tally the answers and verify them from SCDL text books as all answers might not be correct.

Thursday, ,une 2, 2011

Management Accounting SCDL 2011 Assignments - 1This solved paper of Management Accounting has been contributed by Vikas Vikrant

THAN S T! " Vikas Vikrant Message from contrib tor: Hi All Attached are the assignments that had been attempted by me . (didn't get 100%) . So please check for the right ans ers. !ood "#ck $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Thursday, ,une 2, 2011

Management Accounting SCDL 2011 Assignments - 1!
This solved paper of Management Accounting has been contributed by Vikas Vikrant

THAN S T! " Vikas Vikrant Message from contrib tor: Hi All Attached are the assignments that had been attempted by me . (didn't get 100%) . So please check for the right ans ers. !ood "#ck $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Thursday, ,une 2, 2011

Management Accounting SCDL 2011 Assignments - 1&
This solved paper of Management Accounting has been contributed by Vikas Vikrant

THAN S T! " Vikas Vikrant Message from contrib tor: Hi All Attached are the assignments that had been attempted by me . (didn't get 100%) . So please check for the right ans ers. !ood "#ck $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$

Management Accounting - 1
LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Multiple Choi e Multiple An!"e# %#estion &ssentials for effecti'e implementation of b#dgetary control system are (orrect (ommitment of top management ) (learly defined ob*ecti'es ) Ans er (ontino#s b#dget ed#cation +o#r (ommitment of top management ) (learly defined ob*ecti'es ) Ans er (ontino#s b#dget ed#cation Multiple Choi e Multiple An!"e# %#estion ,eat#res of con'ention of consistency are . . . (orrect Ans er +o#r Ans er -he acco#nting policies and proced#res sho#ld be follo ed consistently ) ,acilitates the comparison of financial statements ) .t facilitates comparison of financial statements on period$to$period basis -he acco#nting policies and proced#res sho#ld be follo ed consistently ) .t facilitates comparison of financial statements on period$to$period basis

T#ue$Fal!e %#estion -he bin card and stores ledger) being independent records) comparison of these t o records sho#ld be a'oided. (orrect ,alse Ans er +o#r ,alse Ans er Mat h The Follo"in% %#estion (orrect Ans er /i'idend paid

+o#r Ans er

0rofit and 0rofit and loss loss acco#nt appropriation acco#nt 1an#fact#ring 1an#fact#ring acco#nt acco#nt -rading acco#nt (apital acco#nt

,reight in ards Sales

,reight o#t ards

0rofit and -rading loss acco#nt acco#nt

Sele t The &lan' %#estion "arge angle of incidence indicates 22222222 amo#nt of profits. (orrect Ans er +o#r Ans er higher same

T#ue$Fal!e %#estion &rror of commission refer to a sit#ation recorded in the books of acco#nt. (orrect ,alse Ans er +o#r -r#e Ans er

here a transaction is not

T#ue$Fal!e %#estion (orrect Ans er +o#r Ans er T#ue$Fal!e %#estion (orrect Ans er +o#r Ans er T#ue$Fal!e %#estion

A b#siness is an acti'ity carried o#t ith the intention of earning the profit. -r#e -r#e

3alance sheet indicates the financial stat#s of the b#siness at gi'en period. -r#e -r#e

(orrect Ans er +o#r Ans er T#ue$Fal!e %#estion

Acco#nting refers to the process of analy4ing 5 interpreting the information already recorded in the books of acco#nts. -r#e ,alse

(orrect Ans er +o#r Ans er T#ue$Fal!e %#estion

Acco#nting is an art of recording) classifying 5 s#mmari4ing in a significant manner. -r#e -r#e

(orrect Ans er +o#r Ans er T#ue$Fal!e

,inancial acco#nting may deal ith the ascertainment of cost 5 calc#lation of profitability of the indi'id#al prod#ct. ,alse ,alse

%#estion

(orrect Ans er +o#r Ans er

-he reports generated by financial acco#nting are meant for the #se by management for effecti'e decisions. -r#e -r#e

Management Accounting - 13
Multiple Choi e Multiple An!"e# %#estion (ost Acco#nting 22222222222222. (orrect Ans er +o#r Ans er (oncerned ith specific acti'ities. ) (lassified according to their nat#re. ) .t deals ith both i.e. past 5 present. (oncerned ith specific acti'ities. ) (lassified according to their nat#re. ) .t co'ers hole b#siness

Multiple Choi e Multiple An!"e# %#estion 1anagement Acco#nting 222222222222222222. (orrect Ans er +o#r Ans er /esigned partic#larly for internal #se only. ) "ooks for ard in estimating the f#t#re along ith past period. ) -his f#rnishes the necessary information to management. /esigned partic#larly for internal #se only. ) "ooks for ard in estimating the f#t#re along ith past period. ) -his f#rnishes the necessary information to management. ) 6nly a) b) c.

Multiple Choi e Multiple An!"e# %#estion Acco#nting is the art of 22222222222222)222222222222 and 222222222222 in a significant manner and in terms of money transactions and e'ents hich are of a financial character and interpreting the res (orrect Ans er S#mmari4ing ) (lassifying ) 7ecording +o#r Ans er S#mmari4ing ) (lassifying ) 7ecording

Multiple Choi e Multiple An!"e# %#estion -he process of acco#nting has three streams of acco#nting $$$$$$$$$$$$$$$)$$$$$$$$and $$$$$$$$$$$$$$$$$$$$$$. (orrect Ans er ,inancial Acco#nting ) (ost Acco#nting ) 1anagement Acco#nting +o#r Ans er ,inancial Acco#nting ) (ost Acco#nting ) 1anagement Acco#nting

Mat h The Follo"in% %#estion (orrect Ans er 0ersonal A8( /ebit the recei'er) (redit the gi'er

+o#r Ans er /ebit the recei'er) (redit the gi'er

7eal A8(

/ebit hat comes in) (redit hat goes o#t

/ebit hat comes in) (redit hat goes o#t /ebit all the e:penses) (redit all the incomes 3#ilding) 1achinery

9ominal A8( /ebit all the e:penses) (redit all the incomes -angible assets .n tangible assets 3#ilding) 1achinery

0atents) 0atents) -rade -rade marks marks

T#ue$Fal!e %#estion (orrect Ans er +o#r Ans er T#ue$Fal!e %#estion (orrect Ans er +o#r Ans er T#ue$Fal!e %#estion (orrect Ans er +o#r Ans er

(redit note is an intimation send to person dealing ith the b#siness that his acco#nt being debited for the p#rpose indicated therein. ,alse -r#e

Amo#nt in'ested in p#rchasing ,i:ed Asset is a re'en#e e:pendit#re. ,alse ,alse

As per do#ble entry system o acco#nting ) total of all debits sho#ld be e;#al to all credits. -r#e -r#e

Multiple Choi e Multiple An!"e# %#estion (on'ention of (onsistency 1ateriality 2222222222222222 (orrect Ans er -he acco#nting policies 5 proced#res sho#ld follo consistently on period to period ) .t facilitates the comparison of financial statements on period to period ) .f any change the fact sho#ld be disclosed ith its effects on profitability -he acco#nting policies 5 proced#res sho#ld follo consistently on period to period ) .t facilitates the comparison of financial statements on period to period ) .f any change the fact sho#ld be disclosed ith its effects on profitability

+o#r Ans er

Multiple Choi e Multiple An!"e# %#estion (ash and$$$$$$$$$$$$$$$are the t o systems of acco#nting.

(orrect Ans er +o#r Ans er

1ercantile 1ercantile

Multiple Choi e Sin%le An!"e# %#estion -he opening balance of cash acco#nt is 7s. <=)000) cash recei'ed from debtors 7s. >0)000) sold goods amo#nted to 7s. =0)000) paid to creditors 7s. <0)000) p#rchase f#rnit#re 7s. =000. ?hat is the clos (orrect Ans er @0)000 +o#r Ans er @0)000

Multiple Choi e Sin%le An!"e# %#estion 3ank 7econciliation statement is re;#ired in case of (orrect Ans er +o#r Ans er difference bet een the bank balance as per the bank book and as per pass book difference bet een the bank balance as per the bank book and as per pass book

Mat h The Follo"in% %#estion (orrect Ans er &rror of 0rinciple &rror of 6mission &rror of commission

+o#r Ans er

-rial 3alance ?rong 0osting does not get affected -he -he transaction is transaction is totally omitted totally omitted ?rong 0osting ?rong classification

(ompensating ?rong -rial 3alance &rror classification does not get affected /ifference in -ransferred to -ransferred to trial balance s#spense s#spense acco#nt acco#nt

Multiple Choi e Multiple An!"e# %#estion /irect (ost incl#des (orrect Ans er +o#r Ans er /irect material ) /irect labo#r ) /irect e:penses /irect material ) /irect labo#r ) /irect e:penses

Multiple Choi e Sin%le An!"e# %#estion "abo#r cost indicates that labo#r cost hich cannot be identified

(orrect Ans er +o#r Ans er

ith the indi'id#al cost centre and is inc#rred for those employees ho are not engaged in the man#fact#ring process b#t only assist i 7em#neration .ndirect

Multiple Choi e Multiple An!"e# %#estion -he 0rime (ost incl#des the aggregate of (orrect Ans er +o#r Ans er /irect 1aterial (ost ) /irect "abo#r (ost ) /irect &:penses /irect 1aterial (ost ) /irect "abo#r (ost ) /irect &:penses

Multiple Choi e Multiple An!"e# %#estion ,rom the follo ing partic#lars hat m#st appear in p#rchase re;#isition (orrect Ans er 1aterial to be p#rchased sho#ld be cleanly specified ) 1aterial sho#ld p#rchase hene'er the market for the same is fa'orable ) 0#rchase re;#isition sho#ld state the ;#antity of material re;#ired. +o#r Ans er 1aterial to be p#rchased sho#ld be cleanly specified ) 0#rchase re;#isition sho#ld state the ;#antity of material re;#ired. Multiple Choi e Multiple An!"e# %#estion ,ollo ing points are taking into consideration for e'al#ation of receipts (orrect Ans er -he 0rice ) -he trade disco#nt is to be ded#cted ) 6ther amo#nts s#ch as sales ta:) e:cise d#ty) octroi d#ty +o#r Ans er -he 0rice ) -he trade disco#nt is to be ded#cted ) 6ther amo#nts s#ch as sales ta:) e:cise d#ty) octroi d#ty Multiple Choi e Multiple An!"e# %#estion ?hile fi:ing the ma:im#m le'el follo ing factors are considered (orrect Ans er +o#r Ans er T#ue$Fal!e %#estion (orrect Ans er +o#r Ans er T#ue$Fal!e %#estion (orrect Ans er +o#r Ans er 1a:im#m #sage ) Storage facilities ) A'ailability of f#nds 1a:im#m #sage ) 7ate of cons#mption

,i:ed cost tends to 'ary ith time rather than -r#e -r#e

ith le'el of acti'ity.

-o take make or b#y decision #nder the marginal costing ) if p#rchase price of the prod#ct is less than its 'ariable cost it is ad'isable to go for man#fact#ring proposition. ,alse ,alse

Multiple Choi e Sin%le An!"e#

%#estion (orrect Ans er +o#r Ans er T#ue$Fal!e %#estion (orrect Ans er +o#r Ans er T#ue$Fal!e %#estion (orrect Ans er +o#r Ans er T#ue$Fal!e %#estion (orrect Ans er +o#r Ans er

,ind o#t the break e'en point and profit if sales are 7s. =0)00)000 and 08V 7atio is =0% and margin of safety is A0% 7s.>0)00)000 and 7s.10)00)000 7s.>0)00)000 and 7s.10)00)000

,or better control) 'ariances of a period may be compare pre'io#s period. -r#e -r#e

ith the

&:pected standards are more realistic and #sef#l for cost control. -r#e -r#e

-he difference bet een standard cost and act#al cost is termed as Variance. -r#e -r#e

Multiple Choi e Multiple An!"e# %#estion ,or reporting of 'ariance) follo ing propositions sho#ld be considered (orrect Ans er 7esponsibility of each indi'id#al sho#ld be defined ) 7eporting sho#ld be simple) clear and ;#ick ) Analysis of 'ariance sho#ld be acc#rate. +o#r Ans er 7esponsibility of each indi'id#al sho#ld be defined ) 7eporting sho#ld be simple) clear and ;#ick ) Analysis of 'ariance sho#ld be acc#rate. Multiple Choi e Multiple An!"e# %#estion 3asic three steps in Standard (osting are (orrect Ans er +o#r Ans er Setting standards ) (omparing act#als ith standards ) 1eas#rement of 'ariance Setting standards ) (omparing act#als ith standards ) 1eas#rement of 'ariance

Multiple Choi e Sin%le An!"e# %#estion ,ind o#t "abo#r &fficiency Variance) if Standard 7ate is 7s.1.=08$ per ho#r) Standard ho#rs are 1<)000 and Act#al ho#rs are 1<)B00. (orrect Ans er 7s.C008$ ( Ad'erse ) +o#r Ans er 7s.C008$ ( Ad'erse )

Multiple Choi e Sin%le An!"e#

%#estion (orrect Ans er +o#r Ans er

Standard costs are the targets to be attained by the act#al performance. 1inim#m 1inim#m

Multiple Choi e Sin%le An!"e# %#estion Standard (osts are #sed as tool for (orrect Ans er +o#r Ans er (ost (ontrol (ost (ontrol

Sele t The &lan' %#estion Acco#nting to the matching principles of acco#nting) the 22222222 inc#rred d#ring an acco#nting period are re;#ired to be match ith 22222222 d#ring that period (orrect Ans er cost +o#r Ans er (orrect Ans er +o#r Ans er cost re'en#es re'en#es

Sele t The &lan' %#estion Along ith financial acco#nting) 22222222 and 22222222 are the other streams of acco#nting (orrect Ans er (ost Acco#nting +o#r Ans er (orrect Ans er +o#r Ans er 1anagement Acco#nting 1anagement Acco#nting (ost Acco#nting

Sele t The &lan' %#estion .f the re'en#e e:pendit#re is treated as 22222222 e:pendit#re ) it ill not affect the agreement of 22222222 balance (orrect Ans er capital +o#r Ans er (orrect Ans er +o#r Ans er capital trial trial

Sele t The &lan' %#estion ?hile selecting so#rce of s#pply 22222222 epartment may call for the 22222222 from the prospecti'e s#ppliers (orrect Ans er p#rchase +o#r Ans er p#rchase

(orrect Ans er +o#r Ans er

;#otation ;#otation

Sele t The &lan' %#estion After material is recei'ed from the s#pplier) ;#antity act#ally recei'ed is compared ith ;#antity 22222222$and 22222222$if any) are taken #p ith the s#pplier (orrect Ans er ordered +o#r Ans er (orrect Ans er +o#r Ans er ordered 'ariation 'ariation

Sele t The &lan' %#estion Dnder the daily 22222222 sheets method) each orker is pro'ided ith a daily time sheet on hich time 22222222 by him on 'ario#s *obs is e:pected to be mentioned (orrect Ans er time +o#r Ans er (orrect Ans er +o#r Ans er ork spent spent

Sele t The &lan' %#estion A.Dnder the differential time rate method the ages are paid at 7s. 1.=0 per ho#r bet een 22222222 efficiency and 7s.1.<= per ho#r bet een 22222222 efficiency (orrect Ans er 101% to 1<= % +o#r Ans er (orrect Ans er +o#r Ans er C0$100 @0% toC0% 101% to 1<= %

Sele t The &lan' %#estion Dnder !annt -ask bon#s system here the o#tp#t is 22222222 payment is made as per minim#m time rate) o#tp#t is 22222222 payment is made as per time ages pl#s some increase in age rates (orrect Ans er belo standard +o#r Ans er (orrect Ans er +o#r Ans er Sele t The &lan' belo standard

at standard at standard

%#estion (orrect Ans er +o#r Ans er (orrect Ans er +o#r Ans er

22222222 and 22222222 are e:amples of element ise classification ofo'erhead costs .direct material .direct material indirect labo#r selling o'erheads

Sele t The &lan' %#estion ,i:ed cost is the cost that tend to remain 22222222 irrespecti'e of 22222222 (orrect Ans er constant +o#r Ans er (orrect Ans er +o#r Ans er constant le'el of acti'ity le'el of acti'ity

Sele t The &lan' %#estion -he process of Allocation 5 apportionment can follo ed to decide the 22222222 of o'erheads to each b#dget center (orrect Ans er Allocation 5 apportionment +o#r Ans er (orrect Ans er +o#r Ans er /istrib#tion "oading

Management Accounting - 12
LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Multiple Choi e Multiple An!"e# %#estion -he ob*ects of cost acco#ntancy are E$ (orrect Ans er +o#r Ans er -o ascertain cost and profitability ) (ost (ontrol ) 0resentation of .nformation -o ascertain cost and profitability ) (ost (ontrol ) 0resentation of .nformation

Multiple Choi e Multiple An!"e# %#estion 1anagement acco#nting is concerned ith the follo ing acti'ities E$ (orrect Ans er +o#r Ans er /ecision making ) Safeg#arding assets ) 0lanning and controlling acti'ities /ecision making ) 0lanning and controlling acti'ities

Multiple Choi e Multiple An!"e# %#estion ,eat#res of material #sage 'ariance are E$ (orrect Ans er +o#r Ans er 1eas#res the difference bet een the ;#antity of materials act#ally #sed and that sho#ld ha'e been #sed. ) (onsiders standard price F act#al ;#antity ) (onsiders standard price F standard ;#antity 1eas#res the difference bet een the ;#antity of materials act#ally #sed and that sho#ld ha'e been #sed. ) (onsiders standard price F act#al ;#antity ) (onsiders standard price F standard ;#antity

T#ue$Fal!e %#estion Dnder the accelerating premi#m system incenti'e increases at a fast rate ith the decrease in o#tp#t. (orrect ,alse Ans er +o#r ,alse Ans er T#ue$Fal!e %#estion .f the physical stock is less than the stock as per the stores ledger) s#ch shortage sho#ld be treated as an iss#e of material. (orrect -r#e Ans er +o#r ,alse Ans er Multiple Choi e Sin%le An!"e# %#estion An analysis of the time card of a orker on a machine sho s that of the total A@ ho#rs) he orked A= ho#rs (incl#ding A ho#rs o'ertime) on prod#ction and that > ho#rs as idle d#e to machine break$do n. -he rate of the orker is r#pees ten per ho#r E b#t o'ertime is paid at =0 per cent e:tra. +o# are re;#ired to calc#late the earnings of the orker. (orrect 7s.=008$ Ans er +o#r 7s.=008$ Ans er T#ue$Fal!e %#estion 0redetermined rate of absorption of o'erheads helps in ;#ick preparation of cost estimates and ;#oting prices. (orrect -r#e Ans er

Management Accounting - 11
LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Multiple Choi e Sin%le An!"e# %#estion !oods kept in the godo n ere destroyed by fire on 1@th G#ne) <00A. -he cost of s#ch goods as 7s.1@)C=08$. -he goods ere not ins#red. ,ind the amo#nt hich sho#ld be debited to the profitability statement. (orrect 7s.1@)C=08$ Ans er +o#r 7s.1@)C=08$ Ans er Multiple Choi e Sin%le An!"e# %#estion -he cost beha'io#r patterns for a company is as follo s E Acti'ity le'elE =00 #nits) the total cost is 7s.<)=008$H Acti'ity le'el E I00 #nits) the total cost is 7s.>)1008$H Acti'ity le'elE C00 #nits) the total cost is 7s.A)B008$ .f fi:ed cost remains #nchanged thro#gho#t all acti'ity le'els) hich of the follo ing statements is tr#e in relation to the cost beha'io#rJ (orrect Variable cost per #nit is increases abo'e I00 #nits. Ans er +o#r -otal a'erage cost per #nit is constant for all acti'ity le'els. Ans er T#ue$Fal!e %#estion 3ank reconciliation statement m#st be prepared before the preparation of profit and loss acco#nt and balance sheet. (orrect -r#e Ans er +o#r ,alse Ans er T#ue$Fal!e %#estion "ack of efficient control on 'ario#s aspects related to ra $material increases the material cost component of the finished prod#ct. (orrect -r#e Ans er +o#r ,alse Ans er Multiple Choi e Multiple An!"e# %#estion .tems credited to -rading Acco#nt are E$ (orrect Ans er +o#r Ans er Sales ) !oods lost by fire ) (losing stock Sales ) !oods lost by fire ) (losing stock

Sele t The &lan' %#estion .f the firm is operating ith 4ero margin of safety) decline of e'en a single #nit in sales ill res#lt in 22222222. (orrect "oss Ans er +o#r 9et profit Ans er Sele t The &lan' %#estion 0#rchase day book for the month of April 22222222 acco#nt sho#ld be credited. (orrect S#spense Ans er +o#r 0#rchase Ans er

as #nder cast by 7s.10008$

Multiple Choi e Sin%le An!"e# %#estion -he profit 'ol#me ratio of F "td. is =0% and the margin of safety to sales ratio