IGNOU MCO-05 QUESTION PAPER WITH SOLUTION FOR EXAM PREPARATION by Team Guffo · Published 2020 · Updated 2021 1. What do you mean by Marginal Costing? Explain the Managerial uses of Marginal costing with suitable examples. 2. What is Cash flow statement? Explain the various techniques of preparing cash flow statement. How does it help the management in decision making? (20) 3. The following data are available from the records of a company: (20) Sales Rs. 60,000 Variable Cost Rs. 30,000 Fixed Cost Rs. 15,000 You are required to : (a) Calculate the P/V Ratio, Break – Even Point and Margin of Safety at this level. (b) Calculate the effect of 10% increase in the sale price. (c) Calculate the effect of 10% decrease in the sale price. 4. “Funds Flow statement also suffers from window dressing of accounts and hence fails to give true view of funds movement”. Do you agree with this statement? Give your views. 5. “Fixed costs are really variable the more you produced the less they become”. Comment on the statement. (10, 10) 6. What do you mean by the term ‘Budgetary Control’? What are its advantages? Also explain the statement that, “A budget is a means and Budgetary control is the end result”. (20) 7. Standard cost of product is : (20) Time : 6 hours per unit Rate : Rs 4 per hour Actual cost : Production 1,500 units Hours taken 7,600 units Idle time (in hours) 400 Total hours : 8,000 Total labour cost announced to Rs. 40,000. Calculate Labour Variance. 8. Describe different methods of costing and state the particular industries to which the can be applied . 9. How does cash flow analysis help the Management undecision making? Explain. 10. “Performance budgeting requires preparation of periodic performance reports”. Explain. (10, 10) 11. “A Budget is a means and budgetary control is the end result”. Explain. 12. What do you understand by ‘Zero Based Budgeting’? State the benefits that accrue from it and also its disadvantages. (20) Loading … Related 1
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