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BBA402

This document contains an assignment for a Management Accounting course with 6 questions. It provides information on advantages and limitations of budgetary control, uses of a fund flow statement, how to calculate material variances, how to prepare a summarized balance sheet from financial ratios, objectives and types of financial statement analysis, and how to calculate profit/volume ratio and break-even sales points. The assignment tests understanding of key accounting concepts and calculations over a range of topics.

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21 views2 pages

BBA402

This document contains an assignment for a Management Accounting course with 6 questions. It provides information on advantages and limitations of budgetary control, uses of a fund flow statement, how to calculate material variances, how to prepare a summarized balance sheet from financial ratios, objectives and types of financial statement analysis, and how to calculate profit/volume ratio and break-even sales points. The assignment tests understanding of key accounting concepts and calculations over a range of topics.

Uploaded by

SolvedSmuAssignments
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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com

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DRIVE
PROGRAM
SEMESTER
SUBJECT CODE &
NAME
BK ID
CREDIT
MARKS

ASSIGNMENT
SUMMER 2016
BBA
IV
BBA 402
MANAGEMENT ACCOUNTING
B1713
4
60

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.
Q.No
Question
Marks
1
What are the advantages and limitations of Budgetary control ?

Total Marks

Advantages of Budgetary Control


Limitations of Budgetary Control

What are the uses of Fund Flow Statement ?

Uses of Fund Flow Statement

1 ton of material input yield standard output of 1,00,000 units. The standard price of materials
is Rs. 20 per kg. The actual quantity of materials used is 10 tons and the actual price paid is Rs.
21 per kg. Actual output obtained is 9,00,000 units.
Compute Material Variances.

From the above particulars, compute :


(i)
(ii)
(iii)

Material Cost Variance


Material Price Variance
Material Usage Variance

5
5

10

10

10

4
3
3

10

From the following prepare a summarized Balance Sheet of X Ltd. as on 31.03 2016.
Quick Ratio
1.5
Current Ratio
2.5
Fixed Assets to Equity
0.75
Working Capital
Rs. 1,20,000
Reserves and Surplus Rs. 60,000
Bank overdraft
Rs. 20,000

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From the above particulars, prepare the Balance Sheet


as at 31.03.2016.

10

10

Explain the objectives of analysis of financial statement.


What are the types of analysis ?

Objectives of analysis of financial statements


Types of analysis

Rainbow Ltd. sold goods for Rs. 30,00,000 in a year. In that year the variable costs were Rs.
6,00,000 and fixed costs were Rs. 8,00,000.
Find out :
i)
P/V Ratio
ii)
Break-even sales, and
iii)
Break-even Sales if Selling price was reduced by 10 % and Fixed costs were
increased by Rs. 1,00,000.

From the above data find :


i)
P/V Ratio
3
ii)
Break-even sales
3
iii)
Break-even Sales if Selling price was 4
reduced by 10 % and Fixed costs were
increased by Rs. 1,00,000

5
5

10

10

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