1.
Write an essay on the following aspects of budgets and
budgetary control
a.
Essentials of budgeting
b.
Advantages of budgeting
c.
Limitations of budgeting
d.
Procedure for budgeting
2.
A department of company x attains sales of Rs.
600000/= at 80% production capacity. Draw up a flexible budget at 90%,
100%,110% of production capacity from the following:
a.
Administration cost
i.
Office salaries : 90000
ii.
General expenses: 2% of sales
iii.
Depreciation: 7500
iv.
Rates and taxes: 8750
b.
Selling cost:
i.
Salaries: 8% of sales
ii.
Travelling expenses: 2% of sales
iii.
Sales expenses: 1% of sales
iv.
General expenses: 1% of sales
c.
Distribution cost:
i.
Wages: 15000
ii.
Rent: 1% of sales
iii.
Other expenses: 4% of sales
3.
Write an essay on the following aspects of
standard costing:
a.
Definition
b.
Advantages
c.
Limitations
d.
Preliminaries of setting standards
4.
80 kg of material A at a standard price of Rs 2
per kg and 40 kg of material B at a standard price of Rs 5 per kg were to be
used to manufacture 100 kgs of a chemical. During a month , 70 kg of material A
priced at 2.10 per kg and 50 kg of material B priced at 4.50 per kg were
actually used and the output of the chemical achieved was 102 kg. find out the
material variance and verify your answer.
5.
Write about the following aspects of break even
analysis or CVP analysis
a.
Definition
b.
Graph and label it
c.
Write formulae based on the same for PV RATIO,
CONTRIBUTION, DESIGNATED PROFIT, and BEP IN UNITS & VALUE.
d.
Assumptions underlying the BEP analysis.
6.
From the following : calculate PV RATIO, BEP
SALES WITH PV RATIO, SALES REQUIRED TO EARN A PROFIT OF RS 450000, FIXED
EXPENSES BEING 90000.
a.
Variable cost per unit:
i.
Material : 5.00
ii.
Labour: 2.00
iii.
Direct overhead: 100% on labour
iv.
SP: 12.00
No comments:
Post a Comment