IGNOU MCO-05 June 2021 Previous Year Question Paper

Q1.Distinguish among Variable, Fixed and Semi- variable costs. Why is this distinction important ? Explain it with examples.

Q2.What is a ‘Cash Flow Statement’ ? Explain the techniques of preparing a cash flow statement.

Q3.How does cash flow analysis help the management in decision making ? 5+10+5 [ 2 ]

Q4.Define budgetory control. List out the essentials of sound system of Budgeting. Classify Budget on the basis of flexibility. 5+10+5

Q5.Define Responsibility Accounting. How does it differ from Conventional Cost Accounting ?

Q6.List out various uses of Responsibility Accounting. 5+5+10

Q7.(a) Define Activity Based Costing. How is Activity Based Costing different from Traditional Costing ? Clarify. 5+5

(b) What are the limitations of marginal costing techniques ? Explain.

Q8.A company is producing a single product and sells it at ` 20 per unit. Variable cost is ` 12 per unit and fixed cost is ` 80,000 per annum. Calculates :

(a) Break even point,

(b) PV Ratio,

(c) Sales volume required to earn a profit of ` 60,000/- per annum. 7+7+6 [ 3 ]

Q9.During the year 2017, S Ltd. made sales of ` 8,00,000. Its gross profit ratio is 25% and net profit ratio is 10%. The stock turnover ratio was 10 times. Calculate :

(i) Gross Profit,

(ii) Net Profit,

(iii) Cost of goods sold,

(iv) Operating Expenses. 5+5+5+5

Q10.The following information is supplied to you : Standard time for a month : 4000 hours Standard Wage Rate : ` 2.25 per hour Number of labourers employed : 30 Average working days in a month : 25 Number of hours a worker works per day : 7 hours Total wage bill in a month : Rs. 13,125 Idle time due to power failure : 100 hours You are required to calculate the following :

(a) Labour Cost Variance

(b) Labour Rate Variance

(c) Labour Efficiency Variance

(d) Labour Idle Time Variance 5+5+5+5 okf.kT; esa LukrdksÙkj mikf/ (,e- dkWe-) l=kkar ijh{kk twu] 2021 ,e-lh-vks--005 % izcU/dh; fu.kZ;ksa ds fy, ys[kkadu le; % 3 ?k.Vs vf/dre vad % 100 uksV % fdUgha ik¡p iz'uksa ds mÙkj nhft,A lHkh iz'uksa ds vad leku gSaA 1- ifjorhZ] fLFkj rFkk v¼Z& ifjorhZ ykxrksa esa vUrj crkb,A ;g vUrj D;ksadj egRoiw.kZ ekuk tkrk gS \ mnkgj.kk lfgr O;k[;k dhft,A 10$10 2- jksdM+ izokg fooj.k ls D;k rkRi;Z gS \ jksdM+ izokg fooj.k cukus dh fof/k;ksa dk o.kZu dhft,A ;g Hkh Li"V dhft, fd jksdM+ izok g fo'ys"k.k izca/dksa dks fu.kZ; ysus esa fdl izdkj lgk;d gksrk gSA 5$10$5 3- ctVjh fu;a=k.k dh ifjHkk" kk nhft,A ctfVax dh ,d izHkkoh iz.kkyh ds ewy rRoksa dks lwphxr dhft,A yksprk (Flexibility) ds vk/kkj ij ctV dk oxhZdj.k dhft,A 5$10$5 4- mÙkjnkf;Ro ys[kkadu dh ifjHkk"kk nhft,A ;g ikjEifjd ykxr ys[kkadu ls fdl izdkj fHkUu gS \ mÙkjnkf;Ro ys[kkadu ds fofHkUu mi;ksxksa dks lwphxr dhft,A 5$5$10 5-

(a) ^dk;Z vk/kkfjr ykxr ys[kkadu* dh ifjHkk"kk dhft,A dk;Z vk/kfjr ykxr ys[kkadu ijEijkxr ykxr ys[kkadu ls fdl izdkj fHkUu gS \

(b) lhekUr ykxr ys[kkadu izfof/ dh lhek,¡ D;k gSa \ O;k[;k dhft,A 6- ,d dEiuh ,d ,dy mRikn dk mRiknu djrh gS ftls og ` 20 izfr bdkbZ dh nj ls csprh gSA bldh ifjorhZ ykxr ` 12 izfr bdkbZ gS rFkk fLFkj ykxr ` 80]000 izfr o"kZ gSA vxzfyf[kr dh x.kuk dhft, %

(a) le&foPNsn fcUnq (BEP)

(b) ykHk ifjek.k vuqikr (PV Ratio)

(c) foØ; ek=kk tks 60]000 izfr o"kZ ykHk dekus esa liQy gksA 7$7$6 7- o"kZ 2017 esa ,l- fyfe VsM us 8]00]000 dk foØ; fd;kA bl dk ldy ykHk (G.P.) vuqikr 25 % gS rFkk fuoy ykHk (N. P.) vuqikr 10 % gSA LVkWd vkorZ vuqikr 10 xquk FkkA

(i) blds ldy ykHk (G.P.),

(ii) fuoy ykHk (N.P.),

(iii) foØ; fd, x, eky dh ykxr] rFkk

(iv) izpkyu O;; (operating expenses) dh x.kuk dhft,A 5$5$5$5 8- vki dks fuEufyf[kr tk udkjh iznku dh xbZ gS % ,d eghus dk ekud le; (standard time) : 4,000 ?k.Vs ekud etnwjh nj % 2.25 izfr ?k.Vk fu;qDr fd, x, Jfedksa dh la[;k % 30 Jfed ,d eghus esa vkSlr dk;Zjr fnu (average working days) % 25 fnu Jfed ds izfrfn u dk;Z dk le; % 7 ?k.Vs izfrfnu ,d eghu dh dqy etwnjh dk fcy % 13 ]125 fctyh cUn gksus ds dkj.k dk;Zghu le; % 100 ?k.Vs mi;qZDr fooj.k ds vk/kj ij fuEufyf[kr dh x.kuk dhft, %

(a) Jfed ykxr fopj.k (variance)

(b) Jfed nj fopj.k

(c) Jfed n{krk (efficiency) fopj.k

(d) Jfed dk;Zghu le; (idle time) fopj.k 5+5+5+5