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Accounting for Managerial Decisions (Indira Gandhi National Open University)
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MCO-05
Dis琀椀nguish among variable, 昀椀xed and semi-variable costs. Why is this dis琀椀nc琀椀on important?
DEFINE
Sales Budget
Material Budget
Produc琀椀on Cost Budget
Overhead Budget
Write a detailed note explaining the advantages and limita琀椀ons of standard Cos琀椀ng.
Explain the di昀昀erent types of the reports that are used in an enterprise.
Using the P and L account and Balance Sheet given below, prepare Cash Flow Statement both under
direct and indirect method.
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1) Distinguish among variable, fixed and semi-variable costs. Why is this distinction important? 2)
DEFINE:- Sales Budget - Material Budget -Production Cost Budget d) Overhead Budget . Write a
detailed note explaining the advantages and limitations of standard Costing. Explain the
different types of the reports that are used in an enterprise.
2)
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3) QNO1.DEFINE:- Fixed and Flexible budgeting . Variable, Fixed and Semi Variable costsCosts may
be classified according to their nature and characteristics. Explain. What is your understanding
about the Revenue Recognition concept?
QNO2 Explain in brief.- State the condi琀椀ons under which the income statement prepared with
absorp琀椀on cos琀椀ng and marginal cos琀椀ng will give di昀昀erent results.Variable and Fixed costs - Di昀昀eren琀椀al
cos琀椀ng and Marginal cos琀椀ng - CVP analysis and Breakeven analysis - Cash Budget and Master
budget.Discuss a few of the managerial problems where marginal cos琀椀ng is helpful in decision making.
QNO3 THIS ONE IS DEMO OF NUMERICAL QUESTION
QNO4.Explain how the variance analysis rela琀椀ng to overheads di昀昀er from that rela琀椀ng to material and
labour. Explain 昀氀ow of funds. Write down its Sources and Uses. In what ways can we analyse sales
variances. Explain in detail.What do you mean by managerial accoun琀椀ng? Write down its importance and
limita琀椀ons. How do you classify cost on the basis of relevance to decision-making and variability?
QNO5 THIS ONE IS DEMO OF NUMERICAL QUESTION
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Q.NO6 THIS ONE IS DEMO OF NUMERICAL QUESTION
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QNO 7 Discuss the accoun琀椀ng conven琀椀ons with examples. Describe brie昀氀y the di昀昀erent methods of
cos琀椀ng and state the par琀椀cular industries to which they can be applied.What is Standard Cos琀椀ng ? Write
a detailed note explaining the advantages and limita琀椀ons of standard cos琀椀ng.Explain the applica琀椀on of
marginal cos琀椀ng in managerial decision-making. What are the limita琀椀ons of marginal cos琀椀ng technique ?
Explain.
QN08.What is Standard Cos琀椀ng ? Write a detailed note explaining the advantages and limita琀椀ons of
standard cos琀椀ng.Explain the applica琀椀on of marginal cos琀椀ng in managerial decision-making. What are the
limita琀椀ons of marginal cos琀椀ng technique ? Explain.Explain the applica琀椀on of marginal cos琀椀ng in
managerial decision-making. What are the limita琀椀ons of marginal cos琀椀ng technique ? Explain.
QNO9THIS ONE IS DEMO OF NUMERICAL QUESTION
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QNO 10 THIS ONE IS DEMO OF NUMERICAL QUESTION
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QNO 11 THIS ONE IS DEMO OF NUMERICAL QUESTION
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QNO 12
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