University Of Pune Question Paper
B. B. M. (I.B.) ( Semester - III ) Examination - 2013
MANAGEMENT ACCOUNTING
(New 2008 Pattern)
Time : 3 Hours] [Max. Marks : 80
Instructions :
(1) All questions are compulsory and carry equal marks.
(2) Use of simple calculator is allowed.
Q.1) Define and distinguish between ‘Management Accounting’ and ‘Financial
Accounting’.
OR
Q.1) What do you understand by Ratio Analysis ? Explain various advantages
and limitations of Ratio Analysis.
Q.2) Describe the meaning and importance of Fund Flow Statement. Explain the
procedure for preparing a Fund Flow Statement.
OR
Q,2) The following is the Balance Sheet of BCA Limited, Pune as on 31st March,
2012 :
Balance Sheet
Liabilities Amount Assets Amount
Share Capital 10,00,000 Land and Building 15,00,000
General Reserve 7,00,000 Plant and Machinery 10,00,000
Profit and Loss Account 8,00,000 Furniture 7,00,000
16% Debentures 15,00,000 Sundry Debtors 5,00,000
Sundry Creditors 6,00,000 Bills Receivables 3,00,000
Bills Payables 4,00,000 Stock 8,00,000
Bank Overdraft 3,00,000 Marketable Securities 3,00,000
Cash 2,00,000
53,00,000 53,00,000
[4374]-305 1 P.T.O.
Seat
No.
Sales during the last year was Rs. 30,00,000 with the gross profit of
Rs. 6,00,000.
You are required to calculate the following ratios :
(a) Current Ratio
(b) Liquid Ratio
(c) Absolute Liquidity Ratio
(d) Debt Equity Ratio
(e) Inventory Turnover Ratio
(f) Debtors Turnover Ratio
(g) Creditors Turnover Ratio
(h) Working Capital Turnover Ratio
Q.3) Define the terms ‘Budget’ and ‘Budgetary Control’. Explain various
objectives, advantages and limitations of Budgetary Control System.
OR
Q.3) The following particulars are obtained from the cost records of EX Limited
and EY Limited :
Particulars EX Limited EY Limited
(Rs.) (Rs.)
Selling Price 60 80
Material Cost @ Rs. 5/- per kg 25 30
Labour Cost @ Rs. 20/- per hour 14 20
Variable Overheads 6 10
Total Fixed Cost 15,000 50,000
Number of Units 2,000 2,500
(a) You are required to calculate : (i) Profit Volume Ratio, (ii) Breakeven
Point and (iii) Margin of Safety of both the companies and
suggest which of the companies is most profitable when the demand
for the product is increasing.
(b) What will be the change in your computations if sales price of both
the companies is increased by 10% and the fixed cost is decreased
by 10%.
[4374]-305 2 Contd.
Q.4) Describe the meaning of Working Capital. Explain various factors affecting
the need of Working Capital.
OR
Q.4) BCA Limited, Pune has furnished you the following estimated information
for the forthcoming year :
• Estimated Output during the year 1,20,000 units
• Sales Price is Rs. 90.
• The Estimated Cost Price consists of :
– Raw Material – Rs. 30
– Labour Cost – Rs. 18
– Overheads – Rs. 12
• The management wants to maintain stock of raw material of
Rs. 2,50,000 and stock of finished goods equal to the sales of the
next month.
• The Work-in-progress will remain in stock for two weeks and for
which labour cost and overheads should be considered at 50% and
60% respectively.
• Sales are made with one month credit and purchases are made with
one and half month credit.
• Labourers are paid on monthly basis.
• The time lag in payment of overheads is twenty days.
• Add 10% of your computation for contingency.
You are required to prepare a statement showing the estimated amount of
Working Capital.
Q.5) Write short notes any two of the following :
(a) Distinction between Management Accounting and Cost Accounting
(b) Leverage Ratios
(c) Assumptions and Limitations of Marginal Costing
B. B. M. (I.B.) ( Semester - III ) Examination - 2013
MANAGEMENT ACCOUNTING
(New 2008 Pattern)
Time : 3 Hours] [Max. Marks : 80
Instructions :
(1) All questions are compulsory and carry equal marks.
(2) Use of simple calculator is allowed.
Q.1) Define and distinguish between ‘Management Accounting’ and ‘Financial
Accounting’.
OR
Q.1) What do you understand by Ratio Analysis ? Explain various advantages
and limitations of Ratio Analysis.
Q.2) Describe the meaning and importance of Fund Flow Statement. Explain the
procedure for preparing a Fund Flow Statement.
OR
Q,2) The following is the Balance Sheet of BCA Limited, Pune as on 31st March,
2012 :
Balance Sheet
Liabilities Amount Assets Amount
Share Capital 10,00,000 Land and Building 15,00,000
General Reserve 7,00,000 Plant and Machinery 10,00,000
Profit and Loss Account 8,00,000 Furniture 7,00,000
16% Debentures 15,00,000 Sundry Debtors 5,00,000
Sundry Creditors 6,00,000 Bills Receivables 3,00,000
Bills Payables 4,00,000 Stock 8,00,000
Bank Overdraft 3,00,000 Marketable Securities 3,00,000
Cash 2,00,000
53,00,000 53,00,000
[4374]-305 1 P.T.O.
Seat
No.
Sales during the last year was Rs. 30,00,000 with the gross profit of
Rs. 6,00,000.
You are required to calculate the following ratios :
(a) Current Ratio
(b) Liquid Ratio
(c) Absolute Liquidity Ratio
(d) Debt Equity Ratio
(e) Inventory Turnover Ratio
(f) Debtors Turnover Ratio
(g) Creditors Turnover Ratio
(h) Working Capital Turnover Ratio
Q.3) Define the terms ‘Budget’ and ‘Budgetary Control’. Explain various
objectives, advantages and limitations of Budgetary Control System.
OR
Q.3) The following particulars are obtained from the cost records of EX Limited
and EY Limited :
Particulars EX Limited EY Limited
(Rs.) (Rs.)
Selling Price 60 80
Material Cost @ Rs. 5/- per kg 25 30
Labour Cost @ Rs. 20/- per hour 14 20
Variable Overheads 6 10
Total Fixed Cost 15,000 50,000
Number of Units 2,000 2,500
(a) You are required to calculate : (i) Profit Volume Ratio, (ii) Breakeven
Point and (iii) Margin of Safety of both the companies and
suggest which of the companies is most profitable when the demand
for the product is increasing.
(b) What will be the change in your computations if sales price of both
the companies is increased by 10% and the fixed cost is decreased
by 10%.
[4374]-305 2 Contd.
Q.4) Describe the meaning of Working Capital. Explain various factors affecting
the need of Working Capital.
OR
Q.4) BCA Limited, Pune has furnished you the following estimated information
for the forthcoming year :
• Estimated Output during the year 1,20,000 units
• Sales Price is Rs. 90.
• The Estimated Cost Price consists of :
– Raw Material – Rs. 30
– Labour Cost – Rs. 18
– Overheads – Rs. 12
• The management wants to maintain stock of raw material of
Rs. 2,50,000 and stock of finished goods equal to the sales of the
next month.
• The Work-in-progress will remain in stock for two weeks and for
which labour cost and overheads should be considered at 50% and
60% respectively.
• Sales are made with one month credit and purchases are made with
one and half month credit.
• Labourers are paid on monthly basis.
• The time lag in payment of overheads is twenty days.
• Add 10% of your computation for contingency.
You are required to prepare a statement showing the estimated amount of
Working Capital.
Q.5) Write short notes any two of the following :
(a) Distinction between Management Accounting and Cost Accounting
(b) Leverage Ratios
(c) Assumptions and Limitations of Marginal Costing
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