SPRING-2018Get solved assignments at nominal price. Mail us at: [email protected] or contact at 08894344452, 8219081362 Master of Business Administration - MBA Semester 1 MBA104 – Financial and Management Accounting SET-I Q1. Following information obtained from a manufacturing company: Direct Material – 450000 Office Expenses – 120000 Factory Expenses – 90000 Total Sales – 650000 Prime Cost – 450000 25% of the output is in stock Calculate: (a) Direct Expenses (b) Factory Cost (c) Cost of Production (d) Cost of Sale (e) Profit Answer. Following information obtained from a manufacturing company: Direct Material – 450000 Office Expenses – 120000 Factory Expenses – 90000 Total Sales – 650000 Prime Cost – 450000 25% of the output is in stock Q2. Assets Fixed Assets 1500000 Current Assets 500000 Liabilities Accounts payable 200000 Reserve And Surplus 100000 10% Debentures 300000 6% Preference Share Capital 300000 Equity Share Capital 1100000 1. Calculate Debt-Ratio 2. Calculate Debt-equity Ratio Answer. 1. Debt ratio = Total liabilities to outsiders/Total assets = (Debentures + accounts payable)/ (Fixed +current assets) Q3. Present a Vertical Analysis of ABC Ltd based on the following figures, also interpret the result. P&L extract for the year ended 31st March, 2017 Particulars Amount Sales 1500000 Less : Cost of Goods Sold Material 70000 Wages 50000 Factory Overheads 10000 Gross Profit 1370000 Less : Selling & Distribution overheads 20000 Administrative Overheads 15000 Earnings before Interest and Tax 1335000 Less: Interest 35000 Earnings before Tax 1300000 Less: Tax 50000 Net Profit 1250000 Capital Employed 12500000 Answer. SET-II Q1. XYZ ltd has recorded a sale of 80000 units in a year, with a selling price of Rs 8 per unit. Moreover, the company has recorded a prime cost and variable overhead to be Rs 3 and Rs 1 respectively. The company had a fixed cost of Rs 100000. 1. Calculate BEP (in Rupees) 2. Calculate MOS Answer. Sales – 80,000 units per annum Selling price – Rs.8.00 per unit Prime cost – Rs Q2. From the following information and assumption that the balance in hand on 1st Jan 2016 is Rs.1,55,000, prepare a cash budget for January 2016 to June 2016 Month Materials Sales Wages Sales & Production Administrative Distribution Overhead Overhead Overhead January 60900 154000 25000 10000 12000 2500 February 70000 145000 25900 12000 12000 2700 March 61000 123000 23000 15000 12000 2200 April 71000 113000 32000 19000 13000 4000 May 84000 170000 29500 21000 16000 3500 June 87600 155000 25600 24000 16000 3000 Assume that 60% are cash sales. Assets are to be required in Feb. and April. Therefore, provision should be made for payment of Rs. 26,000 and Rs. 60,000 for the same. An application has been made to a bank for grant of loan of Rs. 50,000 and it is hoped that it will be received in the month of May. It is anticipated that a dividend of Rs. 70,000 will be paid in June. Debtors are allowed 2-month credit. Sales commission @ 3% on sales is to be paid. Creditors (for goods and overhead) grant one month’s credit. Answer. Q3. Elucidate how Balance Score Card is useful to management decision making. (Usefulness of Balance Score card in Management decision making) Answer. 1. Better Strategic Planning The Balanced Scorecard provides a powerful framework for building and communicating strategy. The business model is visualised in a Strategy Map which SPRING-2018 Get solved assignments at nominal price. Mail us at: [email protected] or contact at 08894344452, 8219081362
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