Friday, 5 January 2018

MBA 104 - FINANCIAL AND MANAGEMENT ACCOUNTING

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DRIVE
FALL 2017
PROGRAM
MASTER OF BUSINESS ADMINISTRATION (MBA)
SEMESTER
1
SUBJECT CODE & NAME
MBA 104 - FINANCIAL AND MANAGEMENT ACCOUNTING
CREDITS
2, 4 CREDITS
MARKS
30


Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

Assignment Set -1

Q.1] Following information obtained from a manufacturing company:
Direct Material – 150000
Office Expenses – 120000
Factory Expenses – 90000
Total Sales – 650000
Prime Cost – 450000
15% of the output is in stock
Calculate:
(a) Direct Expenses (b) Factory Cost  (c) Cost of Production   (d) Cost of Sale (e)Profit

Ans:                                
Direct materials - 150000
Factory expenses - 90000
Office expenses - 120000
Total sales – 650000
Prime cost- 450000
15% of the output is in stock

Solution:

Q.2]
Assets
Fixed Asset
15,00,000
Current Asset
5,00,000

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

Ans:
1. Debt ratio      = Total liabilities to outsiders/Total assets
= (Debentures + accounts payable)/ (Fixed +current assets)
= (3,00,000 + 2,00,000) / (15,00,000 + 5,00,000)
= 5,00,000 / 20,00,000
= 1/4 or 0.25




Q.3] 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
Less : Cost of Goods Sold Material
           Wages
           Factory Overheads
1500000
70000
50000
10000
Gross Profit
Less : Selling & Distribution overheads
           Administrative Overheads
1370000
20000
15000
Earnings before Interest and Tax
Less: Interest
1335000
35000
Earnings before Tax
Less: Tax
1300000
50000
Net Profit
1200000
Capital Employed
12000000

Ans:



Assignment Set -2

Q.1] XYZ ltd has recorded a sale of 60000 units in a year, with a selling price of Rs 6 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

Ans:
Sales – 60,000 units per annum
Selling price – Rs.6.00 per unit
Prime cost – Rs. 3.00 per unit
Variable overheads – Rs. 1.00 per unit
Fixed cost – Rs.1, 00,000 per annum

Solution:


Q.2]  From the following information and assumption that the balance in hand on 1st Jan 2016 is Rs.1,35,000, prepare a cash budget for January 2016 to June 2016
Month
Materials
Sales
Wages
Sales & Distribution Overhead
Production Overhead
Administrative 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 50% 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 1-month credit. Sales commission @ 3% on sales is to be paid. Creditors (for goods and overhead) grant one month’s credit.

Ans:                                                 




Q.3] Elucidate Enterprise resource planning and accounting.
Ans:
Enterprise Resource Planning Systems and Accounting:
Enterprise Resource Planning systems or ERP systems are integrated software application packages that manage the business processes end to end, including support functions like accounting, human resources,

Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
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or
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