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M.COM First Semester Examination (Year 2013) Management Concepts

Subject Code : MCOM 101

Paper Code : JPP-91 Time : 20 Minutes

M.Marks : 10

Section A

Objective Type Questions

Attempt All Questions (Each question carry 1/2 mark). Use the symbol (√) in the box for

marking the correct answer.

Q.No.1. Choose the correct answer –

1. _________was an outstanding pioneer of management thought (1771-

1858). He is also referred to as a father of Personnel Management.

a) Max Weber c) Charles Babbage

b) Robert Owen d) Henry Poor

2. The basic purpose of management is to achieve:

a) Development c) Maximum satisfaction

b) Maximum profits d) Enterprise goals

3. Which approach has emerged from the findings of Hawtharne

Experiments?

a) Human Behaviour Approach

b) Systems Approach

c) Human Relations Approach

d) Decision Theory Approach

4. Top Management functions are the most important functions as they take

care of –

a) Overall Organization c) Routine Matters

b) Specific Problems d) Extra-ordinary Problems

Roll No.

Enrollment No.

2

5. Tactical planning is also known as –

a) Strategic Planning c) Corporate Planning

b) Operational Planning d) Proactive Planning

6. One of the major elements of planning process is –

a) Developing leadership qualities

b) Selecting right personnel

c) Perception of opportunities

d) Designing organizational structure

7. The concept of Management by objectives was introduced by –

a) Peter Drucker c) Rensis Lukert

b) George Odiazne d) Eltan Mayo

8. Which one of the following is a quantitative technique of decision

making?

a) Brainstorming c) Delphi technique

b) Decision tree d) Consensus mapping

9. Organizing process does not involve one of the following elements.

a) Departmentation c) Fixing responsibility

b) Delegation of authority d) Appraisal of a subordinate

10. For which situation, a line organization is suitable-

a) Highly diversified c) Organization with many

organization projects

b) Small organization d) Large organization

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11. Organization chart is not presented in one of the following forms:

a) Diagonal c) Left to right

b) Top-down d) Circular

12. Degree of Decentralization indicates –

a) Degree of delegation of c) Degree of power

authority

b) Degree of responsibility d) Degree of accountability

13. Which one of the following is not an element of communication process?

a) Encoding c) Receiver

b) Channel d) Measurement

14. Grapevine is a type of –

a) Informal communication c) Written communication

b) Formal communication d) Pictorial communication

15. Which one of the following principles is related to purpose of directing?

a) Unity of command

b) Managerial communication

c) Maximum individual contribution

d) Principle of leadership

16. Which one of the following is not a behavioural model?

a) Autocratic c) Supportive

b) Custodial d) Ancient

17. Management by exception implies that control is applied to –

a) Critical points c) Middle points

b) All points d) Marginal points

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18. Which one of the following is a technique of quality control?

a) Inspection c) Internal audit

b) ABC analysis d) External audit

19. Social performance of an organization is measured by –

a) Social responsibility c) Social audit

b) Social concern d) Social system

20. _________is the most versatile planning and control network analysis

technique used when activity timings are relatively well-known.

a) PERT c) Budget

b) CPM d) Break-even analysis

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1

M.COM First Semester Examination (Year 2013) Management Concepts

Subject Code : MCOM 101

Paper Code : JPP-91 Time : 2:40 Minutes

M.Marks : 60

Section – B (Short Answer Type Questions)

Attempt all questions (each question carries 4 marks)

Q.No.2. What was Henri Fayol’s contribution to Management Theory?

OR

Explain the term Management and its features.

Q.No.3. What is the importance of Planning and barriers to effective planning?

OR

Explain the concept of Management by objectives.

Q.No.4. What do you mean by Span of Management? As a Manager would you prefer

wide or narrow span?

OR

What are the difficulties in smooth relationship between line and staff officials in

an organization? Can they be removed?

Q.No.5. Explain the nature of direction as a function of Management.

OR

What are common barriers to effective communication?

Q.No.6. Discuss various techniques of control in an industrial organization.

OR

“Controlling ensures an efficient performance of other managerial functions”.

Comment.

Roll No.

2

Section C

(Long answer type questions) Attempt all questions (each questions carry 8 marks)

Q.No.7. Distinguish between behavioural approach and human relations approach to

management. Is human relations approach a refinement to Scientific

Management approach?

OR

Discuss the significance of management from the point of view of modern

business operations.

Q.No.8. “Planning is an intellectual process, the conscious determination of course of

action, the basis of decision making.” Discuss this statement and identify the steps

involved in planning process.

OR

What are the essential elements of a good decision? How can a Manager make an

effective decision?

Q.No.9. What is Delegation of Authority? Which obstacles stand in the way of effective

Delegation of Authority?

OR

“Sound organization structure is an essential pre-requisite of efficient

management. Discuss.

Q.No.10. “Communication is sharing of understanding.” Discuss this in the light of process

of communication.

OR

Explain the techniques of Direction based on principles of effective directing.

Q.No.11. What are the essentials of an effective Control System? How will you design an

effective Control System?

OR

Explain the important challenges faced by Managers at present and in future.

Would changes in principles and functions of Management be necessary in

future?

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1

M.COM. First Semester Examination (Year 2013)

BUSINESS ENVIRONMENT Subject Code : M.COM.- 102

Paper Code: JPP-92 Time : 20 Minutes

M.Marks : 10

Section A


Attempt All Questions (Each question carry ½ mark). Use the symbol (√) in the box for marking

the correct answer.

Q.1. Choose the correct answer-

1. What does the term third sector refers to-

a) High Technology Industries b) The Service Sector

c) Voluntary Sector d) Small and Medium size

Enterprises

2. PLC stands for –

a) Public Licensed Company b) Private Licensed Company

c) Private Limited Company d) Public Limited Company

3. A MNC is defined as –

a) Carrying out production in more b) Having sales in more than

than one country one country

c) Having multi ethanic workforce d) Having supplies in more than

one country

4. In SWOT analysis ‘O’ is stands for-

a) Obstacles b) Opportunities

c) Openings d) Objections

5. What are the major part of Indian Export?

a) Automobile b) Gems & Jewellery

c) Engineering Goods d) Chemicals

6. Globalization is the term used to describe the process of removal of restriction on-

a) Foreign Trade b) Investment

c) None of these c) A & B both.

Roll No.

Enrollment No.

Invigilator’s

Signature

2

7. Small enterprises are……………and this create more employment per unit

capital.

a) Low Investment b) Labour Intensive

c) At lower level of Workforce d) Lower Requirements

8. Economic reforms in India applies from-

a) 1990 b) 1991

c) 1992 d) 1993

9. Government carryout monetary policy through-

a) Commercial Bank b) Cooperation Bank

c) Central Bank d) All of the above

10. Rate at which the Commercial Banks borrows from Reserve Bank of India is

called as:

a) Repo Rate b) PLR

c) Bank Rate d) BPLR

11. Which of these are not agreement under WTO?

a) On Agriculture b) On Textiles and Clothing

c) All of the above d) None of the above

12. The simplest way to enter a foreign market is through-

a) Direct Investment b) Joint Venture

c) Contract Manufacturing d) Exporting

13. The Balance of Payment includes which of the following:

a) Licensing b) Direct Investment

c) Exporting d) A Country’s Balance of

Trade

14. Which of the following organization was established to lend money to developing

countries?

a) NAFTA b) World Bank

c) IMF d) WTO

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15. Which is not an Indian Multinational Company?

a) Hindustan Unilever b) Asian Paints

c) Piramal d) Wipro

16. When two companies joint hand to manufacture new product, it is called-

a) Merger b) Joint-Venture

b) Acquisition d) Production Agreement

17. WTO stands for-

a) World Technology Association b) World Time Organization

c) World Trade Organization d) World Tourism Organization

18. E-Commerce stands for-

a) Electronic Commerce b) Economic Commerce

c) Embeded Commerce d) Easier Commerce

19. IMF stands for-

a) Indian Monetary Fund b) International Monetary Fund

c) Industry Monetary Fund d) Investment Monetary Fund

20. FEMA relates to-

a) Foreign and External matters b) Foreign Exchange

Management

c) Fiscal and Economic matters d) None of these

----------------

1

M.COM. First Semester Examination (Year 2013)

BUSINESS ENVIRONMENT Subject Code : M.COM.- 102


M.Marks : 60


Attempt all questions (each question carry 4 marks)

Q.2. Explain the concept and nature of Business Environment.

O;olkf;d Ik;kZoj.k dh vo/kkj.kk ,oa izd`fr le>kb;sA

OR

Explain the concept of Globalization.

oS’ohdj.k dh vo/kkj.kk dks le>kb;sA

Q.3. Write a note on significance of Economic Environment.

vkfFkZd Ik;kZoj.k ds egRo ij fVIi.kh fy[ksaA

OR

Explain EXIM policy of India

Hkkjr dh vk;kr&fu;kZr uhfr dks le>kb;sA

Q.4. Write the socio cultural components of a business.

O;kikj ds lkekftd&lkaLdf̀rd ?kVd crkb;sA

OR

Write a note on Consumer Protection Act.

miHkksDrk laj{k.k vf/kfu;e ij fVIi.kh fy[ksaA

Q.5. “WTO rules makes life easier for all”. Do you agree with the statement? Why?

^^MCY;w-Vh-vks- ds fu;eksa us lHkh ds thou dks vklku cuk fn;k gS^^ D;k vki bl dFku ls

lger gS\ D;ksa\

OR

Explain the relationship between society and business.

Lkekt o O;kikj ds chp ds laca/kksa dh O;k[;k dhft,A

Q.6. Explain the role of technological environment in business.

O;kikj esa rduhfd Ik;kZoj.k dh Hkwfedk dks le>kb;sA

OR

Write a note on advantages of online services.

vk¡uykbu lsokvksa ds ykHk ij fVIi.kh djsaA

Roll No.

2

Section C

(Long answer type questions) Attempt all questions (each questions carry 8 marks)

Q.7. Discuss the challenges and opportunities for business in changing trends in India.

Hkkjr esa cnyrs ifjos’k esa O;kikj ds voljksa o pqukSfr;ksa ij ppkZ djsaA

OR

Write a full note on LPG concept.

,y-ih-th- dh vo/kkj.kk dh O;k[;k djsaA

Q.8. Explain „Industrial Policy‟ of India.

Hkkjr dh ^vkS|ksfxd&uhfr^ dh O;k[;k djsaA

OR

Explain „Monetary Policy‟ of India.

Hkkjr dh ^ekSfnzd&uhfr^ dh O;k[;k djsaA

Q.9. Write note on-

a) MRTP Act

b) Patent Laws

fVIi.kh djsa&

v½ ,e-vkj-Vh-ih- vf/kfu;e

c½ isVsaV dkuwu

OR

Explain the main features of FEMA.

Qsek ds izeq[k fcUnqvksa dh O;k[;k djsaA

Q.10. Explain the concept of Corporate Social Responsibility with suitable example.

O;olk; ds lekftd nkf;Ro dh vo/kkj.kk dks mnkgj.k lfgr le>kk;saA

OR

Give a brief description of structure and functions of IMF.

vk;- ,e- ,Q- dh lajpuk o dk;ksZa dh foLrr̀ O;k[;k dhft,A

Q.11. Give a brief description of advantages and disadvantages of E-Commerce.

bZ-dkWelZ ds ykHk o gkfu;ksa dh O;k[;k dhft,A

OR

Write note on following:-

a) Electronic Banking

b) Franchise-Business

fuEukafdr ij fVIi.kh djsa&

v½ bysDVªkfud cSafdax

c½ QzsUpkbth&O;olk;

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1

M.Com. First Semester Examination (Year 2013)

ADVANCED ACCOUNTING Subject Code: M.Com.-103


M.Marks : 10

Section A


Attempt All Questions (Each question carry ½ mark). Use the symbol (√) in the box for marking

the correct answer.


1. Which one of the following is intangible asset?

a) Machinery b) Goodwill

c) Stock d) Furniture

2. Outstanding wages are shown as-

a) An Asset b) A Liability

c) An Expense d) A Profit

3. Stock is valued at-

a) Cost price b) Market price

c) Cost price or market d) Cost price or market

price whichever is less price whichever is higher

4. Unfavourable bank balance means-

a) Credit balance in the Cash Book

b) Credit balance in the Pass Book

c) Both A and B

d) None of these

5. The amount of credit sales is ascertained by-

a) Preparing total Debtor A/c

b) Preparing Trading A/c

c) Preparing statement of Affairs

d) None of these

Roll No.

Enrollment No.

Invigilator’s

Signature

2

6. ‘Loss of Profit’ insurance covers-

a) Revenue Losses b) Capital Losses

c) Both Revenue and d) None of these

capital losses

7. In case of loss of stock by fire, the claim is restricted to-

a) Amount of policy b) Value of goods insured

c) Actual Loss minus d) None of these

salvage

8. When FIFO system is used for closing stock valuation, the closing stock contains-

a) Latest price b) Earliest price

c) Both A and B d) None of these

9. Brokerage is calculated on the-

a) Market value of securities

b) Nominal value of securities

c) Both of the above

d) None of these

10. Voyage Account is prepared

a) Annually b) Half yearly

c) Quarterly d) For each voyage

11. Preferential Creditors are to be paid before-

a) Fully secured creditors b) Partly secured creditors

c) Unsecured creditors d) None of these

12. At the time of amalgamation, liabilities not taken over by the new firm will be

transferred to-

a) Capital accounts of b) New firm’s account

partners

c) Realization Account d) None of these

13. Realization Account is-

a) Personal Account b) Real Account

b) Nominal Account d) None of these

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14. Unrecorded liability when paid on dissolution of a firm is debited to-

a) Realization Account b) Partner’s Capital Account

c) Liability Account d) None of these

15. The expenses of realization are debited to-

a) Cash Account b) Capital Account

c) Realization Account d) Partner’s Account

16. If closing stock appears in the trial balance, it is taken only to the Balance Sheet.

a) True b) False

17. Capital is the excess of assets over liabilities.

a) True b) False

18. Bank Reconciliation statement is prepared at the end of the year only.

a) True b) False

19. Cheques issued but not presented for payment will reduce the balance as per Pass

Book.

a) True b) False

20. Single entry is the exact opposite of double entry.

a) True b) False

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1

M.Com. First Semester Examination (Year 2013)

ADVANCED ACCOUNTING Subject Code : M.Com.-103


M.Marks : 60



Q.2. Briefly explain the purpose of preparing Final Accounts?

OR

From the following particulars prepare a Balance Sheet as on 31st Dec.2012.

Dr. Cr.

Capital - 40,000

Drawing 4,400 -

Creditors and Debtors 6,400 4,200

Cash in Hand 360 -

Cash at Bank 7,200 -

Furniture 3,700 -

Plant 10,000 -

Net Profit - 1,660

General Reserve - 1,000

Closing Stock 14,800 -

Total.. 46,860 46,860

Q.3. What is the purpose of preparing Bank Reconciliation Statement?

OR

From the following particulars, ascertain the balance by means of a statement that would

appear in the pass book of Thomas and Sons, as on 31 December.

1. Overdraft as per cash book on 31st Dec. Rs.10540/-.

2. Interest on overdraft for six months ending Dec. Rs.240/-.

3. Interest on investments collected by bank Rs.300/-.

4. Bank charges for the above period Rs.60/-.

5. Cheque drawn but not cashed by the customers, prior to Dec. Rs.2500/-.

6. Cheuqes paid into the bank, but not cleared before 31st Dec. Rs.4200/-.

7. A Bill Receivable for Rs.1000/- (discounted with the bank in Nov.) was dishonoured

on Dec. 31st.

Q.4. Write short notes on-

a) Indemnity Period

b) Consequential Loss Policy

OR

Roll No.

2

Distinguish between Single Entry System and Double Entry System.

Q.5. What is a Voyage Account?

OR

Distinguish between Cum-interest and Ex-interest.

Q.6. Define Dissolution of firm.

OR

Who is an Insolvent?

Section C

(Long answer type questions) Attempt all questions (each question carries 8 marks)

Q.7. From the following Trial Balance prepare Trading and Profit & Loss account for the year

ended 31st Dec. 2012 and Balance Sheet as at that date taking into consideration the

following adjustment:

Debit Rs. Credit Rs.

Stock 6,000 Capital 40,000

Salaries 6,000 Return Outwards 500

Drawings 6,000 Loan from Y 5,000

Carriage Inward 1,000 Rent outstanding 100

Carriage Outward 500 Creditors 13,000

Return Inwards 800 Outstanding Expenses 1,900

Loan to X 3,000 Bad Debts Provision 1,000

Rent 1,200 Discount 300

Goodwill 5,000 Sales 73,700

Wages 100 Rent by sub-letting 500

Insurance Premium 600

Bank 8,500

Purchases 60,000

Debtors 30,000

Advertisement 3,000

Bad Debts 500

Discount 600

Cash 200

Furniture 3,000

Total.. 1,36,000 1,36,000

Adjustments:-

a) Closing stock Rs.9500/-

b) One quarter of insurance premium falls in next year.

c) Provide 10% depreciation on furniture

d) Loan to X carries 8% interest per year

e) Loan to Y carries 6% interest per year

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f) Goods worth Rs.500/- have been taken by the proprietor for private use.

g) Provide 5% for bad and doubtful debts.

h) Salaries includes salary paid to the Proprietor @ Rs.200/- per month.

OR

From the following particulars presented by Mr.R.Sharma, prepare a Trading and Profit

and Loss Account and Balance Sheet as on that date.

Debit Balance Rs. Credit Balance Rs.

Plant & Machinery 1,00,000 Sales (Net) 4,00,000

Drawings 36,000 Capital 1,00,000

Purchases 1,20,000 Creditors 40,000

Sundry Debtors 80,000 Bank O.D. 20,000

Wages 20,000 Provision for Bad Debts 4,000

Carriage 6,000 Cash Credit 20,000

Salaries 14,000 Bills Payable 16,000

Rent 12,000

Repairs 6,000

Insurance 10,000

Opening Stock 24,000

Land and Building 80,000

Furniture 20,000

Discount 40,000

Suspense A/c 32,000

6,00,000 6,00,000

Adjustment:-

1. Closing stock Rs.60,000/-

2. Purchases include purchase of material used for the construction of building

Rs.10,000/-.

3. Sales include sale of furniture at a selling price of Rs.2000/- (book value Rs.4000/-)

4. Purchased a Plant for Rs.10,000/- wrongly debited to Purchase A/c. 5. A sale of goods to a customer not debited to customer account Rs.32,000/-.

6. Stock destroyed by fire amounted to Rs.20,000/-. Insurance Company admitted only

Rs.16,000/- as its liability.

7. Wages include Rs.6000/- incurred for the erection of a machinery.

8. The Proprietor R.Sharma took goods for his own use from the business amounted to

Rs.2000/-.

9. Rent included Rs.2000/- paid for Mrs. R.Sharma‟s residential portion.

10. Purchase of stationery for Rs.200/- was debited to repairs a/c.

11. A customer‟s cheque returned dishonoured wrongly debited to Discount A/c. Rs.2000/-

Q.8. The pass book of John shows a debit balance of Rs.500/- on 31st October, 2012. On

Comparison of the pass book with the cash book, it is observed that:

1. Cheque issued by John in October 2012 amounted to Rs.4535/- of which cheques

amounting to Rs.3535/- were paid by the bank by 31st Oct. 2012.

2. John deposited cheques amounting to Rs.5000/- on 31st Oct. 2012 and these cheques

were realized by the bank on 1st November 2012.

4

3. Yogi a customer of John had directly deposited a sum of Rs.3000/- on 24th

October

2012 to the credit of John account with the bank. John recorded this receipt on 4th

Nov.12.

4. The bank had debited John‟s account with Rs.1520/- on 31st Oct. 2012 on account of

a dishonoured bill. No entry for the same has been made in the account books.

5. On 31st October 2012 John‟s account was credited with Rs.130/- being dividend

collected by the bank. On the same day, his account was debited with Rs.10/- being

bank charges. Both these entries were recorded by John only on 5th

Nov. 2012.

Prepare a Bank Reconciliation Statement as on 31st October, 2012.

OR

Calicut Sports Association extracts the following Receipts and Payment account for

the year ended 31st December, 2012. From the particulars given, prepare Income and

Expenditure Account for the year ended 31st December 2012.

Receipts Rs. Payments Rs.

To Balance 1,125 By Newspaper 750

To Subscription 2,900 By Rent 250

To Tournament Fund 750 By Salaries 1,800

To Life Membership 1,000 By Office Expenses 1,200

To Entrance Fees 100 By Sports Equipments 1,150

To Donation for Building 1,500 By Tournament Expenses 450

To Sales of Newspaper 50 By Balance c/d 1,825

7,425 7,425

Q.9. From the following information, find out the credit sales:

Rs.

Cash Received from Debtors 53,000

Discount allowed to them 800

Return Inwards 1,500

Balance of Debtors on Jan.2012 10,000

Balance of Debtors on Dec.2012 9,500

Bills Receivable from Debtors 13,000

Bad Debts during the year 2012 700

Bills Receivable dishonoured 950

OR

Define the following:

1. Average clause

2. Standard turnover

3. Short Sales

4. Increased cost of working

Q.10. What do you mean by the “Doctrine of Reputed Ownership”?

OR

On 1st February 2012, Sachin purchased from Vinod 25, 7% Debentures of Rs.100/- each

at Rs.140/- each cum-interest. Interest is payable on these debentures on 30th

June and

31st December each year. Pass the necessary entries in the books of Purchaser and Seller.

Q.11. Explain with illustration Garner vs. Murray case.

OR

5

A, B and C sharing profits in the ratio of 3:2:1 agreed upon dissolution of firm. „A‟ was

appointed to realize the assets and pay off the liabilities for which he was entitled to a

lump-sum amount of Rs.1000/- The Balance Sheet of the firm on 31st December 2012

was as under:-

Liability Rs. Assets Rs.

Capital A 50,000

B 20,000

________

70,000 Machinery 40,500

Creditors 18,500 Stock 7,500

Investment Fluctuation Fund 6,000 Investments 20,000

Debtors 9300

Less:Provision 600

______

8,700

C‟s Capital A/c 11,500

Cash 6,300

Total 94,500 Total 94,500

The investment are taken over by „A‟ for Rs.18,000/-. „B‟ takes over all the stocks at

Rs.7000/- and the debtors amounted to Rs.5000/- at Rs.4500/-. Machinery is sold for

Rs.55,000/-. The remaining debtors realize 50% of the book value.

Prepare necessary ledger account on completion of the dissolution of the firm.

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1

M.Com. First Semester Examination (Year 2013) COST ANALYSIS AND CONTROL Subject Code: MCOM.-104


M.Marks : 10

Section A


Attempt All Questions (Each question carry ½ mark). Use the symbol (√) in the box for

marking the correct answer.

lHkh iz’u vfuok;Z gSaA izR;sd iz’u gsrq 1@2 vad fu/kkZfjr gSaA lgh mRrj gsrq fn;s x;s ckDl esa (√) fpUg dk iz;ksx djsaA


1. Direct material is a-

izR;{k lkexzh gS&

a) Manufacturing Cost b) Administration Cost

fuekZ.kh ykxr iz’kklfud ykxr

c) Selling Cost d) Distribution Cost

foØ; ykxr forj.k ykxr

2. The use of “LIFO” method is suitable-

yhQks fof/k dk iz;ksx mi;qDr gksrk gS&

a) At rising prices b) At falling prices

dher o`f) dh n’kk esa ?kVrh dher dh n’kk esa

c) At constant prices d) All of the above

fLFkj dher esa mijksDr lHkh

3. Under A, B, C technique, A stands for-

v] c] l rduhd esa ^v^ dk vk’k; gS&

a) High value item b) Low value item

Å¡ph dher dh en fuEu dher dh en

c) Medium value item d) None of these

e/;e dher dh en buesa ls dksbZ ugha

4. Re-order level means-

iqu% vkns’k Lrj ls vfHkizk; gS&

a) Quantity to be ordered b) Actual quantity

ek=k ftldk vkns’k nsuk gS okLrfod ek=k

c) Minimum quantity d) None of these

U;wure ek=k buesa ls dksbZ ugha

5. Abnormal process losses are transferred to which account?

vlkekU; izfØ;k gkfu dks fdl [kkrs esa gLrkrfjr djrs gSa&

a) General P & L a/c b) Costing P & L a/c

lkekU; ykHk gkfu [kkrk ykxr ykHk gkfu [kkrk

c) Trading a/c d) Trading and P & L a/c

O;kikfjd [kkrk O;kikfjd ,oa ykHk gkfu [kkrk

Roll No.

Enrollment No.

Invigilator’s

Signature

2

6. When actual loss in process is more than the normal loss, the difference

between the two is known as-

tu izfØ;k esa okLrfod gkfu lkekU; gkfu ls vf/kd gksrh gS&

a) Abnormal wastage b) Normal wastage

vlkekU; {k; lkekU; {k;

c) Normal gain d) Abnormal gain

lkekU; cpr vlkekU; cpr

7. In Service Industries costing is applied-

lsok iznku djus okys m|ksxksa esa fof/k viukbZ thrh gS&

a) Unit b) Contract

bZdkbZ Bsdk

c) Operation d) Process

ifjpkyu izfØ;k

8. Standing charges are incurred if –

fLFkj O;; fd;s tkrs gSa ;fn&

a) Vehicle is running b) Vehicle is standing

okgu py jgk gks okgu [kM+k gks

c) A & B Both d) None of these

v ,oa c nksuksa buesa ls dksbZ ugha

9. Which is the effect of decrease in variable cost on B.E.P.

ifjorZu'khy ykxr esa deh dk le&foPNsn fcUnq ij D;k izHkko gksrk gS&

a) Decrease b) Increase

deh o`f)

c) No change d) None of these

dksbZ ifjorZu ugha buesa ls dksbZ ugha

10. Uniform costing helps in-

,d#i ykxr ys[kkadu lgk;rk djrh gS&

a) Quality improvement b) Increase in productivity

xq.koRrk lq/kkj mRikndrk esa o`f)

c) Increase in operational d) All of the above

efficiency. mijksDr lHkh

ifjpkyu dk;Zdq’kyrk esa o`f)

11. Product cost in marginal costing means-

lhekUr ykxr fof/k esa mRiknu ykxr dk vFkZ gS&

a) Prime Cost only

dsoy ewy ykxr

b) Prime Cost + Variable Overheads

ewy ykxr o ifjorZu’khy ÅijhO;;

c) Prime Cost + Semi Variable Overheads

Ekwy ykxr o v)Z ifjorZu’khy ÅijhO;;

d) Prime Cost + Fixed Cost

Ekwy ykxr o fLFkj ykxr

3

12. To obtain the break-even points in units, total fixed costs are divided by-

Lke&foPNsn fcUnq bZdkbZ;ksa esa Kkr djus ds fy;s dqy LFkkbZ ykxr dks foHkkftr

fd;k tkrk gS&

a) Variable cost per unit b) Fixed cost per unit

izfr bZdkbZ ifjorZu’khy ykxr izfr bZdkbZ LFkkbZ ykxr

c) P/V Ratio d) Contribution per unit

ykHkk&ykHk vuqikr izfr bZdkbZ va’knku

13. If fixed and variable cost at 60% capacity are Rs.9000 and Rs.12000

respectively, total cost at 80% capacity would be-

;fn 60% ij fLFkj ,oa ifjorZu’khy ykxrsa Øe’k% 9]000 ,oa 12]000 gS a rks 80%

{kerk ij dqy ykxr gksxh&

a) Rs. 28,000/- b) Rs. 25,000/-

c) Rs. 24,000/- d) None of these

buesa ls dksbZ ugha

14. The main basis of production budget is-

mRiknu ctV dk eq[; vk/kkj gS&

a) Sales Budget b) Cash Budget

foØ; ctV jksdM+ ctV

c) Flexible Budget d) None of these

ykspnkj ctV buesa ls dksbZ ugha

15. Which of the following is not the type of Cost Audit?

fuEu esa ls dkSu lk ykxr vads{k.k dk izdkj ugha gS\

a) Internal Audit b) External Audit

vkarfjd vads{k.k cká vads{k.k

c) Continuous Audit d) All of the above

fujarj vads{k.k mijksDr lHkh

16. The object of Cost Audit is-

Ykkxr vads{k.k dk mn~ns’; D;k gS&

a) Protective b) Constructive

laj{k.kkRed jpukRed

c) A & B Both d) None of these

v ,oa c nksuksa buesa ls dksbZ ugha

17. The difference between Actual Cost and Standard Cost is known as-

okLrfod ykxr ,oa izeki ykxr ds e/; varj dks dgrs gSa&

a) Profit b) Differential Cost

ykHk HksnkRed ykxr

c) Variance d) Margin of Safety

fopj.k lqj{kk lhek

18. Which is the current formula for calculating Labour Efficiency Variance?

Je dk;Z dq’kyrk ds fy;s dkSu lk lw= lgh gS&

a) SR (ST-AT) b) AR (ST-AT)

c) SR (ST-ATW) d) AR (ST-ATW)

4

19. Basic standard are established by a-

vk/kkjHkwr izeki LFkkfir fd;s tkrs gSa&

a) Short period b) Current period

vYi le; ds fy;s pkyw vof/k ds fy;s

c) Indefinite period d) All of the above

vfuf’pr vof/k ds fy;s mijksDr lHkh

20. The difference between Actual Cost of materials and Standard Cost of

materials is known as-

lkexzh dh okLrfod ykxr ,oa izeki ykxr ds varj dks dgk tkrk gS&

a) Material Price Variance

Lkkexzh ewY; fopj.k

b) Material Cost Variance

Lkkexzh ykxr fopj.k

c) Material Usage Variance

Lkkexzh iz;ksx fopj.k

d) Material Yield Variance

Lkkexzh mRifRr ek=k fopj.k

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1

M.Com. First Semester Examination (Year 2013) COST ANALYSIS AND CONTROL

Subject Code : MCOM.-104


M.Marks : 60



Q.2. What is Bin Card? Explain it.

fcu dkMZ D;k gS\ le>kbZ;sA

OR

What do you understand by elements of cost? Explain in brief.

ykxr ds ewy rRoksa ls vki D;k le>rs gSa\ la{ksi esa le>kb;sA

Q.3. What are By-Products? How are they valued in Cost Accounting?

miksRikn D;k gS\ ifjR;; ys[kkadu esa budk dSls ewY;kadu fd;k tkrk gS\

OR

What are the objectives of Transport Costing. Explain.

;krk;kr ifjO;kadu ds mn~ns’; D;k gS a\ le>kbZ;sA

Q.4. What is Break-even point? How is it determined?

lefoPNsn fcUnq D;k gS\ bldk fu/kkZj.k fdl izdkj gksrk gSA

OR

What is the concept of Equivalent Production?

lerqY; mRiknu dh vo/kkj.kk D;k gS\

Q.5. What is meant by Functional Budget?

dk;kZRed cpV ls D;k vk’k; gS\

OR

Explain the importance of Cost Audit.

Ykkxr vads{k.k ds egRo dk o.kZu dhft;sA

Q.6. What are the basic features of Standard Costing?

izeki ykxr fof/k ds ewy rRo D;k gSa\

OR

Discuss the managerial use of variance analysis.

fopj.k fo’ys"k.k ds izca/k dh mi;ksx crkbZ;s\

Section C

Roll No.

2

(Long answer type questions)


Q.7. What do you mean by Costing Method? Describe various methods of Cost Account.

ykxr fof/k ls vkidk D;k rkRi;Z gS\ ykxr ys[kkadu dh fofHkUu fof/k;ksa dks le>kbZ;sA

OR

A Company manufactures 5000 units of a product per month. The cost of placing an

order is Rs.100/-. The purchase price of the Raw Material is Rs.10/- per kg. The re-

order period is 4 to 8 weeks. The consumption of raw material varies from 100 kg to

450 kg. per weeks. The average consumption being 275 kg. The carrying cost at

inventory is 20% per annum. You are required to calculate-

1. Re-order quantity

2. Re-order level

3. Maximum level

4. Minimum level

,d dEiuh izfr ekg ,d mRiknu dh 5000 bZdkbZ;k¡ fufeZr djrh gSA ,d vkns’k dh

ykxr 100 #- gSA dPph lkexzh dk Ø; ewY; 10 #- izfr fd-xzk- gSA iqu% vkns’k vof/k 4 ls

8 lIrkg gSA dPph lkexzh dk iz;ksx 100 fdxzk- ls 450 fdxzk- ds e/; jgrk gSA vkSlr

miHkksx 275 fdxzk- fd;k tkrk gSA LVkWd dh ogu ykxr 20% okf"kZd gS vki

1- iqu% vkns’k ek=k

2- iqu% vkns’k Lrj

3- vf/kdre Lrj

4- U;wure Lrj Kkr dhft;sA

Q.8. What do you understand by the term ‘Inter Process Profit’? What is the utility of

transferring the output of one process to another process at more than cost?

vUrj izfdz;k ykHk ls vki D;k le>rs gSa\ mRiknu dh ,d izfdz;k ls nwljh izfdz;k dks

ykxr ls vf/kd ij gLrkarj.k djus dh D;k mi;ksfxrk gSA

OR

The following data relate to a vehicle of a Transport Company. The vehicle in

question runs on an average 20 km per hour. After charging interest on cost of vehicle

@ 5% per annum, compute cost per km. run by the vehicle.

fuEu lead ,d VªkUliksVZ dEiuh ds ,d okgu ls lacaf/kr gSA lacaf/kr okgu vkSlru 20

fdyksehVj izfr ?kaVk pyrk gSA okgu ij 5% izfr o"kZ dh nj ls C;kt yxkus ds ckn okgu

dh izfr fdyksehVj pyu ykxr Kkr dhft;sA

Estimated life vuqekfur ewY; 200,000 km.

Annual Kilometerage okf"kZd fdyksehVj 60,000 km.

Cost of Vehicle okgu dh ykxr Rs. 50,000/-

Driver’s wages per hour pkyd etnwjh izfr ?kaVk Rs. 6/-

Petrol per gallon isVªksy izfr xSyu Rs. 5/-

Repairs per km. ejEer izfr fdeh- Rs. 0.25

Tyres allocation per km. Vk;j cVokjk izfr fdeh- Rs. 0.10

Annual Expenses okf"kZd O;;

License ykblsal Rs.1,000/-

Insurance chek Rs.1,100/-

Garage Rent xSjst fdjk;k Rs. 800/-

Supervision & salaries fujh{k.k ,oa osru Rs. 1,500/-

The vehicle runs 20 km per gallon.

Okkgu 20 fdeh- izfr xSyu pyrk gSA

3

Q.9. What are the uses of managerial costing in business decision. Explain.

O;olkf;d fu.kZ; ysus esa izca/kdh; ykxr ds D;k mi;ksx gS\ le>kbZ;sA

OR

The following information have been obtained from Laxmi Ltd.

y{eh fyfeVsM ls fuEu lwpuk;sa izkIr gqbZ gaSA

Sales ¼fodz;½ Rs.50,000/-

Profit ¼ykHk½ Rs. 5,000/-

Fixed Cost¼fLFkj ykxr½ Rs.15,000/-

Find out ¼Kkr dhft;s½&

1. P/V Ratio

ykHk&ek=k vuqikr

2. B.E.P. in Rs.

le&foPNsn fcdzh

3. The profit or loss when sales are Rs.30,000/-

30]000 #- dh fcdzh ij ykHk ;k gkfu

4. The sales required to earn a profit of Rs.3000/-.

3000 dk ykHk vftZr djus ds fy;s vko’;d fcdzh

Q.10. Define Cost Audit and state its main function and importance to manager.

ykxr vads{k.k dks ifjHkkf"kr dhft;sA blds dk;Z ,oa izca/kd dh mi;ksfxrk dks le>kbZ;sA

OR

A factory is currently working to 50% capacity and produces 10,000 units. Estimate

the profits of the company when it works at 60% and 80% capacity. At 60% working

raw material cost increase by 2% and selling price falls by 2%.

At 80% raw material cost increases by 5% and selling price falls by 5%. At 50%

capacity working the product cost Rs.180 per unit and is sold at Rs.200 per unit.

The unit cost of Rs.180 is made up as follows:

Raw material Rs.100/-

Labour Rs. 30/-

Factory Overhead Rs. 30/- (40% fixed)

Administration Overhead Rs. 20/- (50% fixed)

Prepare flexible budget.

,d dkj[kkuk orZeku esa 50% {kerk ij dke djrk gS] vkSj 10]000 bZdkbZ;k¡

mRikfnr djrk gSA dEiuh ds ykHkksa dk vuqeku yxkbZ;s tcfd og 60% rFkk 80% {kerk

rd dke djsA

60% dk;Z djus ij dPph lkexzh dh ykxr 2% c<+ tkrh gS vkSj fcdzh ewY; 2%

ls de gks tkrk gSA 80% ij dPph lkexzh dh ykxr 5% c<+ tkrh gS vkSj fcdzh ewY; 5%

de gks tkrk gSA 50% dk;Z djus ij mRiknu dh ykxr 180 #- izfr bZdkbZ gS vkSj fcdzh

ewY; 200 #- izfr bZdkbZ gSA

bZdkbZ ykxr 180 #- fuEu gS

#i;s

dPph lkexzh 100

Je 30

dkj[kkuk mifjO;; 30¼40% LFkkbZ½

iz’kklu Åijh O;; 20¼50% LFkkbZ½

ykspnkj cpV cukbZ;sA

4

Q.11. Discuss the characteristics of Standard Costing and mention the essential conditions

of an effective system of Standard Costing.

izeki ykxr fof/k dh eq[; fo’ks"krk;sa crkbZ;sA ,d izHkkoh izeki fof/k dh vko’;d 'krsZa

Li"V dhft;sA

OR

Alfa company manufactures a product, it is estimated that for each kg. of material

consumed 100 articles should be produced. The standard price per kg. of material is

Rs.20/- during the month of July 2012. 200 kg. of material were issued for production

at a price of Rs.21/- per kg. Production during the month was 20,500 articles.

On the basis of above information, calculate-

1. Material Cost Variance

2. Material Price Variance

3. Material Usage Variance

4. Material Yield Variance

vYQk dEiuh ,d mRikn dk fuekZ.k djrh gSA vuqweku gS fd ,d fdxzk- lkexzh ds mi;ksx

ls 100 oLrqvksa dk mRiknu gksuk pkfg;sA lkexzh dk izfr fdxzk- izekf.kr ewY; 20 #- gSA

tqykbZ 2012 esa mRiknu ds fy;s 200 fdxzk- lkexzh fuxZfer dh xbZ ftldk ewY; 21 #-

izfr fdxzk- FkkA ekg esa dqy 20500 oLrqvksa dk mRiknu gqvkA

mi;qZDr lwpukvksa ds vk/kkj ij

1- lkexzh ykxr fopj.k

2- lkexzh ewY; fopj.k

3- lkexzh iz;ksx fopj.k

4- lkexzh mRifRr ek=k fopj.k dh x.kuk dhft;sA

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