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Anil Surendra Modi School of Commerce / School of Commerce

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Academic Year: 2022-23 i`:,:;JT-:-u-##irr.;

program: B` S.a. (fi.Led Year: I Semester: i`r:-:.±==3.

Subject: Movnag-Accandt.a Batch: 2022-25
Date: 29thv / 2023 Time:11 :00 AM to 01 :00 PM(2 Hrs.)
M- : 5 0 No.of pages: 3
Final Examination

Instructions: Candidates should read carefully the instructions printed on the question
paperand6nthecoveroftheAnswerBook,whichisprovidedfortheiruse.
• Attempt any five questions out of six
• AIl working should be part of answer.
• Numbers should be rounded off up to two places ofdecimal

i Q1.
L-6CO-2
Prepareacashbndgetforthethreemonthsended30thSeptember,2022basedonthe
following information For Raghav Ltd.
10Marks

Cash at the bank on lst July, 2022 25',000

Monthly salaries and wages (estimated) 10,000

Interested payable in Aug, 2022 5,000

Estimated June July August September

Cash sales (actual) 1,20,000 1,40,000 1„52,000 1,21,000

Credit sales 1,00,000 80,000 1,40,000 1,20,000

Purchases 1,60,000 1,70,000 2,40,000 1,80,000

Other expenses 18,000 20,000 22,000 21,000

Credit sales are collected 50 % in the month of sale and 50 % in the following month.
Collections from credit sales are subject to 10 per cent discount if received in the month of
sale and to 5% if received in the following month. 10% of the purchases are in cash and
balance paid in next month.

Shubhra Ltd furnished you the following data: 10Marks

Q2.BL-3CO-2

fiiiiiiiE Budget Actual

No. of working days 25 27
Production in units 20,000 22,000
Fixed overheads 30,000 31,000

Budgeted fixed overhead rate is Rs. 1.00 per hour. In a month the actual hous worked were
31.500. Calculate all Fixed overhead variances.
 Dingdong Ltd. manufacturing a particular product with a capacity to produce 5,000 units. 10
Q3.
BL-3 The following particulars relate to the activities of the company for the year 2022 and 2023 : Marks

1111I
CO-1 ParticulaDrs I 2022| 2023

1111111111111111111111111111111I-
Sales @ 50rs per
unit 75000 150000

cost: I -_
IIIIIIIIIIIIIIIIIIIIIIliiiiiiiiiiE 11
Material - lima 60000
|i3FO_Ol 30000
Labour
Production
Overhead
1111
16500 27500
Admin Overhead 1100E 10000
Selling Overhead 8500 13000

TOTALCOST |80000|140000
Calculate:
> BEP Sales (in volume and value)
> Budgeted net profit if75% of the capacity is utilized in 2023
> Number of units to be sold to earn a net profit of € 25,000 and
> The amount of sales to be made to achieve a target profit of 10% on sales in 2023.

The budgeted overheads and the cost driver volumes of Mac Ltd. are as follows: 10Marks
Q4.BL.5
Cost Pool Budgeted Cost Driver Budgeted Volume
CO-2 Overheads ITotal of cost Driver)
MaterialProcurement 600000 No. of orders 1200

Material handling 400/oof Material No. Of Material 750

Procurement movements
Set-up 70% of MaterialProcurement No. of set ups 840

Maintenance i5oo/oof Material Maintenance 9000

Procurement hours
300/oof MaterialProcurement No of inspection 1800
Quality Control

Machinery 120% of Material No of machine 24000

Procurement hours
With materials that cost Rs. 180000 and labour that cost Rs. 280000, the company
manufactured a batch of 3000 0H compone`nts. Below are some of the usage activities for
the aforementioned batch :
30 orders for materials, 650 hours of maintenance, 15 material movements, 22 inspections,
28 setups, and 2600 hours of machine time.
I
 Determine the cost of the batch of components using activity-based costing by calculating
the cost driver rates that are used to trace the proper anount of overheads to the specified
bat6handperunitcostofcomponent.

Q5. Priya Industries manufactures and sells four products A. a, C and D as per details given 10Marks
BL.3J3L-4'CO-20® below:

PARTICULARE A 8 C D

selling Price/ult Qs) 60 80 100 120

Variable cost of production/unit @s) :

Direct materials 16 20 36 40

Direct labour 20 241 32 36

Machine hours required/unit 0.75 1.75 0.75 2

Variable overheads ¢roduction) 50% of direct labour cost

Variable overheads (selling and distribution) 10% of sales value

Fixed costs per annum:

Production Rs. 3,00,000

Adnrinistration Rs. 2,00,000

Selling and distribution Rs. 2,50,000

•tted and a maximum of 2,000

Weekly sales are subject to a minimum of 400 units co
units for each of the product. The company operates its factory for 50 weeks a year. The total
machine hours available per week are only 3,000 hours.
Required:
> Analyse the given data and Confirm the suitable production plan for maxinum profit.
> Calculate Profit earned according to the above plan.
> If weekly machine hours available become 5000 and maximum weekly sales reduce
to 1200 units, what change will be seen in the profit?
10
Q6. _in=`]`-er the following:
CO- 1. Define Management Accounting? List any three objectives of management Marks
1. accounting?
BT-1. ii. Mention any 3 difference between Absorption costing and marginal coting
B I-2 methods?