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DRIVE
SUMMER 2016
PROGRAM
BBA
SEMESTER
IV
SUBJECT CODE & NAME
BBA 402
MANAGEMENT ACCOUNTING
1. What are the advantages and limitations of Budgetary control?
Advantages of Budgetary Control
Limitations of Budgetary Control
Answer: Some advantages of budgetary control are:
 Maximisation of profit – Budgetary control increases a company’s profits by proper
planning and co-
Q2. What are the uses of Fund Flow Statement?
Uses of Fund Flow Statement
Answer: Uses of Fund Flow Statement
Analysis of financial position – The basic purpose of preparing the statement is to have a
look into the financial operations. It analyses how the funds were obtained and used in the
past. Hence, it is a
Q3. 1 ton of material input yield standard output of 1,00,000 units. The standard price
of materials is Rs. 20 per kg. The actual quantity of materials used is 10 tons and the
actual price paid is Rs. 21 per kg. Actual output obtained is 9,00,000 units.
Compute Material Variances.
From the above particulars, compute :
(i) Material Cost Variance
(ii) Material Price Variance
(iii) Material Usage Variance
Answer: Computation of Material Variances
Budgeted (100000)
Standard (900000)
Ton Rate Amount
Ton Rate Amount
1
20
20
9
20
180
(i)
Actual (900000)
Ton Rate Amount
10
21
210
Material Cost V
Q4. From the following prepare a summarized Balance Sheet of X Ltd. as on 31.03
2016.
Quick Ratio 1.5
Current Ratio 2.5
Fixed Assets to Equity 0.75
Working Capital Rs. 1,20,000
Reserves and Surplus Rs. 60,000
Bank overdraft Rs. 20,000
From the above particulars, prepare the Balance Sheet as at 31.03.2016.
Answer
Q5 Explain the objectives of analysis of financial statements. What are the types of
analysis?
Objectives of analysis of financial statements
Types of analysis
Answer: Financial analysis is performed for the following reasons:
 Measuring the profitability – The main objective of a business is to earn profits by
receiving satisfactory return on the investments. Financial analysis is performed to
determine
Q6. Rainbow Ltd. sold goods for Rs. 30,00,000 in a year. In that year the variable costs
were Rs. 6,00,000 and fixed costs were Rs. 8,00,000.
Find out:
i) P/V Ratio
ii) Break-even sales, and
iii) Break-even Sales if Selling price was reduced by 10 % and Fixed costs were
increased by Rs. 1,00,000.
From the above data find :
i) P/V Ratio
ii) Break-even sales
iii) Break-even Sales if Selling price was reduced by 10 % and Fixed costs were increased by
Rs. 1,00,000
Answer: i) P/V ratio = (S-V)*100
S
Where, S = Selling price
And V =
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