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Cost and Management
Accounting
NMIMS
MBA APRIL 2019 SOLVED ASSIGNMENTS
NMIMS
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NMIMS
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NMIMS
READYMADE SOLVED MBA APRIL 2019 ASSIGNMENTS
NMIMS
PLAGIARIZED ASSIGNMENTS
NMIMS MBA SOLVED APRIL 2019 ASSIGNMENTS
Question 1
AMMI
Ltd presents following information for Dec,2018-
Budgeted
production of product A = 20000 units
Standard consumption of raw material
S= 5 kg per unit of A
Standard
price of material S = Rs 10 per Kg
Actually,
22000 units of product A was produced and material S was purchased at Rs12 per
kg and consumed at 5.2 kgs per unit of A.
Calculate
the material cost variances and discuss the results. (10 Marks)
Question
2
You
have decided to start up a venture for manufacturing gel pens. You plan to
discuss the term cost and the essential elements of cost with your partner so
as to find the suitability of various costs that can be incurred during the
production. Design a presentation to discuss the same with the relevant
examples. (10 Marks)
Question
3
Bhakti
Ltd provides you the following information in relation to the year 2016-17 and
2017-18
|
2016-17
|
2017-18
|
||
|
Opening
Stock(units)
|
100
|
500
|
|
|
Production
(units)
|
1500
|
1800
|
|
|
Fixed
Cost
|
Rs
1lacs
|
Rs
1.5 lacs
|
|
|
Variable
Cost
|
120000
|
250000
|
|
|
Sales(units)
|
1900
|
1100
|
|
|
Selling
price (Rs/ per unit)
|
500
|
700
|
|
|
Closing
Stock( units)
|
200
|
500
|
|
Calculate
the net profit and value of closing stock, using –
a. FIFO
basis (5 Marks)
b. LIFO
basis
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