IGNOU MCO-05 June 2025 Previous Year Question Paper

Q1.(a) What is standard costing ? State the objectives of standard costing. 8 [ 2 ] MCO–05

(b) Elaborate functional classification of Budget with the help of appropriate examples.

Q2.(a) The following information relates to a manufacturing company : 10 Targeted sale s of product X 100000 units. Each unit of product X requires 3 units of material A and 4 units of material B. Estimated opening balance at the commencement of next year are : Finished product : 20000 units Material A : 24000 units Material B : 30000 units [ 3 ] MCO–05 The desirable closing balances at the end of next year are : Finished products : 28000 units Material A : 26000 units Material B : 32000 units From the above information , prepare a material budget.

(b) Discuss that how

(i) the provision for taxation and

(ii) provision for dividend will be treated while preparing cash flow statement with the help of hypothetical examples.

Q3.(a) Distinguish between Standard C osting and Budgeting. 10 [ 4 ] MCO–05

(b) Write short notes on the following : 6+4

(i) Prerequisites for the success of standard costing

(ii) Revision of standards

Q4.(a) A company is producing a single product and sells it at ` 10 per unit. Variable cost is ` 6 per unit and fixed cost ` 40,000 per annum. 12 Calculate :

(i) Break-even point and

(ii) Sales volume required to earn a profit of ` 60,000 per annum.

(b) Describe various uses of responsibility accounting. 8 [ 5 ]

Q5.(a) Explain practical application of differential costing. 10

(b) Discuss application of ‘Relevant Cost’ in ‘Make or Buy decision’ and ‘Sales Mix Decision’.

Q6.(a) Prepare a cost sheet for a manufacturing company with the help of hypothetical figures. 10

(b) Explain any five methods of costing with the help of appropriate examples.

Q7.(a) Draw income statement in vertical format with the help of imaginary figures. 10

(b) Draw Balance Sh eet in vertical format with the help of imaginary figures. 10 [ 6 ]

Q8.Write notes on any two of the following : 10+10

(i) Profitability Ratios

(ii) Treatment of depreciation in preparing fund flow statement

(iii) Methods of transfer pricing

(iv) Social Accounting [ 7 ] MCO–05 okf.kT; esa LukrdksÙkj mikf/k (,e- dkWe-) l=kar ijh{kk twu] 2025 ,e-lh-vks-&05 % izcU/kdh; fu.kZ;ksa ds fy, ys[kkadu le; % 3 ?k.Vs vf/kdre vad % 100 uksV % fdUgha ik¡p iz'uksa ds mÙkj nhft,A lHkh iz'uksa ds vad leku gSaA 1-

(v) ekud ykxr fu/kkZj.k D;k gS \ ekud ykxr fu/kkZj.k ds mís'; crkb,A 8 [ 8 ] MCO–05

(c) mfpr mnkgj.kksa dh lgk;rk ls ctV ds dk;kZRed oxhZdj.k dk o.kZu dhft,A 12 2-

(v) ,d fuekZ.kh dEiuh ls lEcfU/kr fuEufyf[kr lwpuk nh xbZ gS % 10 mRikn ,Dl d h fu/kkZfjr fcØh 100 000 bdkb;k¡ A mRikn ,Dl dh izR;sd bdkbZ dks lkexzh A dh 3 bdkb;ksa rFkk lkexzh B dh 4 bdkb;ksa dh vko';drk gksrh gSA vxys o"kZ ds vkjEHk esa vuqekfu r izkjfEHkd 'ks"k gSa % rS;kj mRikn % 20000 bdkb;k¡ lkexzh A : 24000 bdkb;k¡ lkexzh B : 30000 bdkb;k¡ [ 9 ] MCO–05 vxys o"kZ ds vUr esa okafNr vfUre 'ks"k gSa % rS;kj mRikn % 28000 bdkb;k¡ lkexzh A : 26000 bdkb;k¡ lkexzh B : 32000 bdkb;k¡ mi;qZDr lwpuk ds vk/kkj ij lkexzh ctV rS;kj dhft,A

(c) dkYifud mnkgj.kksa dh lgk;rk ls jksdM+ izokg fooj.k rS;kj djrs le;

(i) djk/kku ds fy, izko/kku vkSj

(ii) ykHkka'k ds fy, izko /kku dSls O;ogkj esa yk;k tk,xk] foospu dhft,A 10 3-

(v) ekud ykxr fu/kkZj.k ,oa ctfVax esa vUrj crkb,A

(c) fuEufyf[kr ij laf{kIr fVIif.k;k¡ fyf[k, % 6$4

(i) ekud ykxr fu/kkZj.k dh lQyrk ds fy, iwoZ&vko';drk,¡

(ii) ekudksa dk la'kks/ku [ 10 ] MCO–05 4-

(v) ,d dEiuh ,d mRikn dk mRiknu djrh gS vkSj bls ` 10 izfr bdkbZ ij csprh gSA ifjorZu'khy ykxr ` 6 izfr bdkbZ rFkk fLFkj ykxr 40]000 izfr o"kZ gSA x.kuk dhft, % 12

(i) le&foPNsn fcUnq

(ii) fcØh dh ek=k ftlesa ` 60]000 izfr o"kZ ykHk dek;k tk ldsA

(c) mÙkjnkf;Ro ys[kkadu ds fofHkUu mi;ksxksa dk o.kZu dhft,A 8 5-

(v) foHksnd ykxr fu/kkZj.k ds O;ogkfjd vuqiz;ksx dh O;k[;k dhft,A 10 [ 11 ] MCO–05

(c) ^mRiknu ;k Ø; fu.kZ; * ,oa ^foØ; feJ.k fu.kZ; * esa ^izklafxd ykxr* ds iz;ksx dk o.kZu dhft,A 10 6-

(v) dkYifud vk¡dM+ks dh lgk;rk ls ,d fuekZ.k h dEiuh ds fy, ykxr i= rS;kj dhft,A 10

(c) mfpr mnkgj .kksa dh lgk;rk ls ykxr fu/kkZj.k dh fdUgha ik¡p fof/k;ksa dh O;k[;k dhft,A 10 7-

(v) dkYifud vk¡dM+ksa dh lgk;rk ls Å/okZ/kj (yEcor~) izk:i esa vk; fooj.k cukb,A 10

(c) dkYifud vk¡dM+ksa dh lgk;rk ls yEcor ~ izk:i esa fLFkfr fooj.k (fpëk) cukb,A 10 8- fuEufyf[kr esa ls fdUgha nks ij fVIif.k;k¡ fyf[k, % 10$10

(i) ykHkiznrk vuqikr [ 12 ] MCO–05

(ii) dks"k izokg fooj.k rS;kj djrs le; Îkl dk O;ogkj

(iii) gLrkUrj.k dher fu/kkZj.k dh fof/k;k¡

(iv) lkekftd ys[kkadu