2013 Question Paper,MANAGEMENT ACCOUNTING,University Of Pune Question Paper,B. B. A. ( Semester - III )

University Of Pune Question Paper
B. B. A. ( Semester - III ) Examination - 2013
MANAGEMENT ACCOUNTING
(New 2008 Pattern)
Time : 3 Hours] [Max. Marks : 80
Instruction :
(1) All questions are compulsory.
(2) Figures to the right indicate full marks.
Q.l) Define the term ‘Management Accounting’. Explain scope and functions
of Management Accounting. [16]
OR
Q.l) Describe Concept of ‘Working Capital’. State various sources of
Working Capital. [16]
Q.2) The following figures are extracted from the books of ABC Ltd. as
on 31st March, 2010 :
Particulars Rs.
Sales 24,00,000
Less : Operating Expenses 18,00,000
Gross Profit 6,00,000
Less : Non-operating Expenses 2,40,000
Net Profit 3,60,000
Current Assets 7,60,000
Inventories 8,00,000
Fixed Assets 14,40,000
Total Assets 30,00,000
Net Worth 15,00,000
Debt 9,00,000
Current Liabilities 6.00.000
Total Liabilities 30,00,000
Working Capital 9,60,000
[4372]-304 1 P.T.O.
Seat
No.
[4372]-304 2 Contd.
Calculate :
(a) Gross Profit Ratio
(b) Net Profit Ratio
(c) Return on Assets
(d) Inventory Turnover Ratio
(e) Working Capital Turnover
(f) Net Worth to Debt [16]
OR
Q.2) Define ‘Flexible Budget’. Describe the procedure of preparation of
a Flexible Budget. [16]
Q.3) The following information is obtained from Success Ltd. for the year
ended 31st March, 2012 :
Rs.
Sales (1,00,000 Units) 3,00,000
Variable Cost 2,25,000
Fixed Cost 25,000
Calculate :
(a) P/V Ratio
(b) Break-even Point Sales Value
(c) Profit when Sales amounted to Rs. 4,50,000
(d) Sales to earn a profit of Rs. 80,000 [16]
Q.4) From the following information provided by Progress Limited, prepare
a statement showing working capital requirement for a level of activity
of 1,56,000 units of production.
Particulars Amount per unit
Rs.
Selling Price per unit 300
Raw Material 90
Direct Labour 40
Overheads (including depreciation of /.25) 100
Total Cost 230
Profit 70
[4372]-304/3
Additional Information :
(1) Raw Material is in stock on an average of one month.
(2) Material in process on an average of 2 weeks (Raw Material
used fully, while labour and overheads at a 50% completion
stage).
(3) Finished goods are in the stock on an average of one month.
(4) Credit period allowed by suppliers is one month.
(5) Time lag in payment of debtors is 2 months.
(6) Lag in payment of wages 1 1/2 weeks.
 (7) Lag in payment of overheads is one month.
(8) 20% of the output is sold for cash.
(9) Cash in hand and in bank is expected to be Rs. 60,000.
(10) A contingent reserve of 10% of the amount of the creditors is
to be maintained.
(11) The company has accumulated profits of Rs. 10,00,000.
Assume, a time period of 4 weeks is equivalent to one month and
there are 52 weeks in a year. [16]
OR
Q.4) What is ‘Funds Flow Statement’ ? State its advantages. Give
the proforma of ‘Funds Flow Statement’ and ‘Adjusted Profit and Loss
A/c.’. [16]
Q.5) Write notes : (Any Two) [16]
(a) Distinction between ‘Financial Accounting’ and ‘Management
Accounting’.
(b) Flexible Budget
(c) Common Size Statement

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