PCET’S

S.B.PATIL INSTITUTE OF
MANAGEMENT

Course No.:101

Course code: GC – 01

Course: Managerial Accounting

CO101.1 Remembering DESCRIBE the basic concepts related to Accounting,
Financial Statements, Cost Accounting, Marginal Costing,
Budgetary Control and Standard Costing
Q.1 5 out of 8 2 X 5 = 10 marks

• Fill in the blanks

1. Which of the following is a liability?

A. Cash B. Capital
C. Furniture D. Debtors

2. ________ are the amounts of cash or other assets taken by the owner from the
business for personal use.
A. Depreciation B. Creditors
C. Drawings D. Salary

3. _________ shows the financial position of the given date, generally on the last
date of the accounting period.

A. Balance Sheet B. Trial Balance

C. Trading Account D. Profit & Loss Account
CO101.2 Understanding EXPLAIN in detail, all the theoretical concepts taught
through the syllabus

Q.2 2 out of 3 5 X 2 = 10 marks

1. Explain Sunk Cost and Opportunity Cost.

2. Explain the Business Entity concept.

3. Explain the significance of a Journal.

CO101.3 Applying PERFORM all the necessary calculations through the
relevant numerical problems

Q.3 A or B 10 marks

• Numerical: Trial Balance is given, Prepare a

Trading Account, P& L and Balance sheet for the
year ended 31.3.2019
 Adjustments
o Closing Stock
o RDD
o Depreciation
o Prepaid Expenses
o Outstanding Expenses
OR
• Preparation of Cost Sheet
• Material Variances and Labour Variances
CO101.4 Analysing ANALYSE the situation and decide the key financial as
well as non-financial elements involved in the situation

Q.4 A or B 10 marks

• Numerical: Related to Marginal Costing

 Short-term Business Decision Techniques :

o Product Mix Decision
o Make or Buy Decision
o Accept or Reject Special Order Decision
o Shutting Down Decision
• The Xorient Shell Ltd. has submitted the following
data
Sales : 30,000 units
Fixed Cost : Rs. 68,000
Sales Value : Rs. 3,00,000
Variable Cost per unit : Rs. 6

You are required to calculate:

A. P/V Ratio, BEP (Sales) and Margin of Safety
B. Also calculate the effect of following
a. Increase 10% in Selling price
b. Decrease 10% in Selling price
c. Increase 10% in Variable Cost
d. Decrease 10% in Variable cost
e. Increase 10% in Fixed Cost
f. Decrease 10% in Fixed Cost
CO101.5 Evaluating EVALUATE the financial impact of the decision

Q.5 A or B 10 marks

• Numerical on:
 Cash Budget
 Flexible Budget
 Production& procurement Budget
 Cost Sheet
Numerical Sums will be asked on :

• Final Accounts of Sole Proprietary Firm

• Preparation of Cost Sheet

• Marginal Costing and Short-term business decisions

• Raw Material Purchase & Procurement Budget, Cash Budget,

Flexible Budget

• Material Variances and Labour Variances

 .

Thank you