SMU MBA SEM 1 -MBA104 – FINANCIAL AND MANAGEMENT ACCOUNTING
SMU MBA FALL-2017
Dear Students,
SMU MBA FALL-2017 Assignments are available. For Booking Kindly mail us on kvsude@gmail.com OR call us to +91 9995105420 or S M S your “ Email ID ” us in the following Format “ On +91 9995105420 we will reach back you with in 24H ”
SET-I
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:
Cost Sheet
Direct Materials | 1,50,000 |
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 |
- Calculate Debt-Ratio
- Calculate Debt-equity Ratio
Ans:
- Debt ratio = Total liabilities to outsiders/Total assets
= (
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:
Common-size Statement for the year ended 31st Mar 2017
SET II
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.
- Calculate BEP (in Rupees)
- Calculate MOS
Ans:
Sales – 60,000 units per annum
Selling price – Rs.6.00 per unit
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: Cash Budget
PARTICULARS | January | February | March | April | May | June | Total |
RECEIPTS |
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,
SMU MBA FALL-2017
Dear Students,
SMU MBA FALL-2017 Assignments are available. For Booking Kindly mail us on kvsude@gmail.com OR call us to +91 9995105420 or S M S your “ Email ID ” us in the following Format “ On +91 9995105420 we will reach back you with in 24H ”