Sunday, 11 February 2018

BBA402, MANAGEMENT ACCOUNTING

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DRIVE - FALL 2017
PROGRAM - BBA
SEMESTER - IV
SUBJECT CODE & NAME - BBA402, MANAGEMENT ACCOUNTING
BK ID B1713
Q1. Budgetary control is a system of planning and controlling costs. It is a process of
continuous comparison of actual performance and cost with the budget. Explain the steps in detail.

Steps in Budgetary Control

In the previous section, we studied about the objectives of budgetary control. In this section, we will learn about the steps involved in budgetary control.

The various steps included in the budgetary control system are:



Q2. From the following data, calculate overhead variances of following:
Variable overhead expenditure variance
Fixed overhead expenditure variance
Total overhead cost variance
Fixed overhead capacity variance
Fixed overhead calendar variance
Note: There was a five percent increase in capacity.

Solution:

Calculation of standard rate for fixed overhead and variable overhead

Std. rate = Standard overheads / Standard output

Fixed   = 30,000 / 15,000



Q3. From the following information, find out the amount of contribution:

From the following information, find out the amount of contribution:



Solution:

Contribution






Q4. The following is the balance sheet of Star Enterprise.


Calculate:
  1.  Current assets ratio
  2.  Liquid ratio
  3. Solvency ratio
  4. Debt-equity ratio





Q5. From the following particulars, prepare the cash flow statement for the year ended
31 March 2017 by the direct method:
Cash sales Rs.6,00,000
Cash collected from debtors during the year amounted to Rs.3,00,000
Cash paid to suppliers was Rs.7,00,000
Rs.90,000 was paid to and for employees
Furniture of the book value of Rs.2,000 was sold for Rs.1,000 and a new furniture costing Rs.8,000 was purchased
Debentures of the face value of Rs.30,000 were redeemed at a premium of two percent interest on debentures. Interest on debentures of Rs.8,000 was also paid.
Dividend of Rs.45,000 for the year ended 31 March 2017 was distributed in May 2017
Cash in hand and at bank as on 31 March 2016 and 31 March 2017 was Rs.5,000 and Rs.50,000 respectively.

Solution:


Q6. What are the factors that affect the policy of dividend of a company?

Factors Influencing Dividend Policy

Legal considerations – The provisions of the Companies Act, 1956, must be kept in mind since they provide a major dimension to the dividend decision. Section 205 of the Companies Act prescribes the quantum of distributable profits.

Stability of earnings – Once the legal considerations relating to dividend policy have been examined, companies will have to study the nature of earnings. In many companies, earnings may fluctuate over the years with


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