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Loyola College B.B.A. Business Administration Nov 2006 Human Resource Management Question Paper PDF Download

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                        LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.B.A DEGREE EXAMINATION – BUSINESS ADMINISTRATION

AU 10

FIFTH SEMESTER – NOV 2006

BU 5502 – HUMAN RESOURCE MANAGEMENT

(Also equivalent to BUA 508)

 

 

Date & Time : 30-10-2006/9.00-12.00   Dept. No.                                                       Max. : 100 Marks

 

 

 

PART – A

 

Explain the following concepts in FIVE lines each                                       (10 x 2 = 20 marks)

 

  1. Human Resources
  2. Values
  3. Attitudes
  4. Personality
  5. Morale
  6. Informal Group
  7. Grievances
  8. Recruitment
  9. Job satisfaction
  10. Promotion

 

PART – B

Answer any FIVE questions                                                                          (5 x 8 = 40 marks)

 

  1. What are the major factors that determine personality?
  2. What factors contribute towards job satisfaction?
  3. How will deal with conflict in an organization.
  4. Should promotion be based on merit or seniority?
  5. What is organizational culture?  What are the functions of Organizational culture?
  6. Explain the principles of training.
  7. Why is a study of Human resources important?
  8. How will you deal with informal groups in an organization.

 

PART – C

 

Answer any TWO questions                                                                          (2 x 20 = 40 marks)

 

  1. What is piece rate and time rate of payment?  Explain their merits and demerits.  What are the various methods of calculating and paying incentives to employees in an organization?
  2. What is organizational development?  How would you go about in developing an organization?  What techniques would you use?
  3. Explain any six methods of performance appraisal.

 

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Loyola College B.B.A. Business Administration Nov 2006 Cost & Management Accounting Question Paper PDF Download

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             LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034  B.B.A DEGREE EXAMINATION – BUSINESS ADMINISTRATION

AU 09

FIFTH SEMESTER – NOV 2006

         BU 5501 – COST & MANAGEMENT ACCOUNTING

(Also equivalent to BUA 507)

 

 

Date & Time : 27-10-2006/9.00-12.00         Dept. No.                                                       Max. : 100 Marks

Section –A

( Answer all Questions)                                    (10×2=20)

1.Define cost Accountancy.

2.Give four examples of indirect expenses.

3.What do understand by perpetual inventory system?

4.What do you mean by Normal idle time?

5.Calculate the value of cost of goods sold.

Rs

Net works cost                                         2,00,000

Office overhead                                          40,000

Selling overhead                                         30,000

Opening stock of finished goods                  8,000

Closing stock of finished goods                 10,000

6.Calculate average collection period from the following particulars

Rs

Credit sales for the year             12,000

Debtors                                         1,000

Bills receivable                             1,000

7.What is meant by stock turnover ratio?.

8.Ascertain provision made for tax during 2005-06

Rs

Provision for tax on 1-4-2005            80,000

Provision for tax on 31-3-2006       1,00,000

Tax paid during the year                     60,000

9.Define marginal costing.

10.Calculate p/v ratio from the particulars.

2004; Sales   Rs.6,00,000 ; Profit  Rs.1,00,000

2005; Sales Rs.10,00,000 ; Profit.Rs.1,80,000

 

SECTION-B

( Answer any five questions, choosing not less than TWO from each group)

(5×8=40)

GROUP-I

 

  1. Explain in detail the advantages and disadvantages of Cost accounting.

12.Apportion the overheads among the departments A,B,C an D.

Rs                                                        Rs

Works manager’s salary            4,000       Power                                21,000

Contribution to P.F.                   9,000      Depreciation                      20,000

Plant maintenance                     4,000       Rent                                     6,000

Canteen expenses                    12,000

 

 

 

 

 

Additional information;

 

Particulars          A         B           C           D
Number of employees

Area occupied

( sq.feet)        Value of the plant

(Rs)

Wages (Rs)

Horse power

                16

 

2,000

 

75,000

 

40,000

3

               8

 

3,000

 

1,00,000

 

20,000

3

               4

 

500

 

25,000

 

10,000

1

                  4

 

500

 

—-

 

5,000

—-

 

 
  1. .The following information is pertaining to a Firm

Annual consumption  – 12,000 units (360) days

Cost per unit               – Re.1

Cost per order             – Rs.12

Inventory carrying cost – 20%

Lead time                (maximum, normal, minimum)  30-15-5 (days)

Daily consumption  (maximum, normal, minimum)  ,45-33-15 (units)

Calculate EOQ and Inventory levels.

 

14.a) From the following particulars , workout the total amount payable to the three

workmen and the rate earned by them under;

i)Halsey plan and b) Rowan plan .

Standard time allowed     ; 12 hours

Actual time taken by;

A-8 hours, B-6 hours , C-4 hours.               (4)

  1. b) A company presents the following information ;

Number of employees 0n 1-1-2005           ;     200

Number of employees as on 31-12-2005;       240

Number of employees resigned                 ;      20

Number of employees discharged             ;        5

Number of employees replaced                 ;      18

Calculate labour turnover ratios under all the methods.                     (4)

 

 

GROUP-II

 

15 a) Compare and contrast between Management Accounting and Cost Accounting.(4)

 

  1. b) Write short notes on the following (4)
  2. i) BEP ii) Margin of safety

 

 

 

 

 

16.A company presents the following information,

     year     units Total cost  (Rs)      Sales(Rs)

 
   2004     10,000      80,000     1,00,000
   2005     12,000      90,000     1,20,000

Find out the following;

  1. P/V ratio b) BEP both in units and amount c) Fixed cost d) margin of safety for the year 2005.

17.From the following data, calculate the following ratios.

a)Current ratio b) Liquid ratio c) Debt Equity ratio d) Fixed assets ratio.

Balance sheet as on 31-3-2004

——————————————————————————————————–

Liabilities                     Rs                        Assets                       Rs

Equity capital                      1,00,000          Land & building             75,000

Reserve fund                          50,000          Plant& machinery          80,000

Profit&loss a/c                       20,000          Stock in trade                 30,000

10% debentures                     50,000          Sundry debtors               50,000

Sundry creditors                    30,000          Bills receivable               20,000

Bills payable                         15,000          Cash in hand                   10,000

———–                                                ————-

2,65,000                                               2,65,000

————                                               ————-

18.From the following profit& loss a/c , calculate the following ratios.

  1. A) G/P ratio b) N/P ratio c) Operating profit ratio d) Operating ratio

 

—————————————————————————————————

Particulars                  Rs                              Particulars                          Rs.

—————————————————————————————————-

To opening stock               1,00,000        By sales                                        5,60,000

To purchases                     3,50,000        By closing stock                           1,00,000

To wages                                9,000

To Gross profit                  2,01,000

———–                                                            ————

6,60,000                                                             6,60,000

———–                                                           ————-

To Administrative exp          20,000       By Gross profit                             2,01,000

To selling expenses               89,000       By interest on investments              10,000

To Non- operating exp          30,000       By profit on sale of investments       8,000

To Net profit                         80,000

————                                                           ————

2,19,000                                                             2,19,000

————-                                                          ————-

 

 

 

 

 

 

 

 

 

 

SECTION-C

(Answer any two questions  )                           (2X20=40)

 

19.a) From the following transactions, prepare separately the stores ledger account,

using  The following methods; a) FIFO b) LIFO

Jan 1. Opening  balance              100 units @ Rs.5 each.

5   Received                           500 units @ Rs.6 each.

7   Issued                                300 units

9   Issued                                200 units

10 Received back from work order 10 units issued on 9th February.

13.Received                             600 units @ Rs.5 each.

16.Issued                                  300 units.

  1. Returned to supplier 50 units purchased on 13th January
  2. Issued                     200 units.
  3. Received 500 units at Rs.7 per unit.
  4. Issued 300 units.

Stock verification on 27th January revealed a shortage of 10- units..

OR

19.b) I)  Following data is obtained in the books of –V –Ltd for the year2005

 

Opening stock of raw materials                                          25,000

Closing stock of raw materials                                           40,000

Purchase of raw materials                                                   85,000

Carriage inwards                                                                   5,000

Direct wages                                                                       75,000

Indirect wages                                                                     10,000

Other direct charges                                                           15,000

Rent and rates  –

Factory                                                                      5,000

Office                                                                           500

Indirect consumption of materials                                           500

Depreciation of plant                                                            1,500

Depreciation of office furniture                                               100

Office salary                                                                         2,500

Salesmen salary                                                                    2,000

Other office expenses                                                              900

Other factory expenses                                                         5,700

Managing director’s remuneration                                     12,000

Other selling expenses                                                          1,000                                              Travelling expenses                                                               1,100

Carriage outwards                                                                  1,000

Sales                                                                                  2,50,000

Advance income tax paid                                                     15,000

Advertisement                                                                        2,000

 

Managing director’s remuneration is allocated as Rs.4,000  to the factory , Rs.2,000

To the office and Rs.6,000 to the selling departments.

Prepare a cost sheet showing the following;

  1. Prime cost b) Works cost c) cost of production d) cost of sales e) Net profit.

 

 

 

 

20 a).The following are the summarized Balance sheets of L- Ltd as on 31-st

Dec.2003 and 2004, you are required to prepare , a) Schedule of changes in the

working capital

  1. Fund flow statement.

Balance sheet

—————————————————————————————————-

Liabilities     30-6-2003      30-6-2004        Assets           30-6-2003      30-6-2004

(Rs)                  ( Rs)                                      (Rs)                ( Rs)

—————————————————————————————————-

Share capital      1,80,000        2,00,000         Goodwill            24,000         20,000

Reserve fund        28,000           36,000          Building             80,000         72,000

P&L A/c               39,000           24,000          Machinery         74,000         72,000

Trade creditors      16,000           10,800          Investments       20,000         22,000

Bank overdraft      12,400             2,600          Inventories         60,000         50,800

Prov. For tax.        32,000           34,000          Cash                   13,200         30,400

Prov. For doubtful  3,800             4,200          Debtors              40,000         44,400

Debts

—————————-                                 ————————–

3,11,200        3,11,600                                   3,11,200     3,11,600

—————————-                                 —————————

Additional information;

  1. i) Depreciation charged on machinery Rs.10,000 and on buildings Rs.8,000
  2. ii) Investments sold during the year Rs.3,000

iii) Rs.15,000 interim dividend paid during Jan.2004

  1. iv) Taxes paid during the year Rs.30,000.

OR

20.b)Balance sheets of A and B are as follows, You are asked to prepare cash flow statement.

Balance sheets

——————————————————————————————————–

Liabilities                  2003         2004                Assets              2003        2004

Rs              Rs                                          Rs             Rs

 

Equity share capital         3,00,000    4,00,000     Goodwill            1,15,000   90,000

 

Land& building   2,00,000 1,70,000

8% Red.pre.cap.              1,50,000    1,00,000       Plant                     80,000 2,00,000

General reserve                  40,000       70,000       Debtors              1,60,000 2,00,000

P&L A/C                            30,000       48,000      Stock                      77,000 1,09,000

Proposed dividend             42,000       50,000       Bills receivable      20,000   30,000

Creditors                            55,000       83,000       Cash in hand          15,000    10,000

Bills payable                      20,000       16,000       Cash at bank          10,000      8,000

Provision for taxation        40,000       50,000

—————————                               ———————–

6,77,000     8,17,000                                  6,77,000 8,17,000

—————————                              ————————

Additional information;

  1. Depreciation of Rs.10,000 and 20,000 have been charged on plant account and

Land  and building account respectively in2004

  1. An interim dividend of Rs.20,000 has been paid in 2004.
  2. Income tax of Rs.35,000 was paid during the year 2004.

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Loyola College B.B.A. Business Administration Nov 2006 Business Management Question Paper PDF Download

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                        LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.B.A DEGREE EXAMINATION – BUSINESS ADMINISTRATION

AU 01

FIRST SEMESTER – NOV 2006

BU 1500 – BUSINESS MANAGEMENT

(Also equivalent to BUA 500)

 

 

Date & Time : 01-11-2006/1.00-4.00    Dept. No.                                                       Max. : 100 Marks

 

 

PART – A

Explain the following concepts in FIVE lines each                                       (10 x 2 = 20 marks)

  2. Performance appraisal.
  3. Budgeting
  4. Decentralization
  5. Objectives
  6. Intrinsic motivation
  7. Democratic Leader
  8. Coordination
  9. Training
  10. Written communication

PART – B

Answer any FIVE questions                                                                          (5 x 8 = 40 marks)

  1. Explain the principles of coordination.
  2. Explain the components of SWOT analysis.
  3. What is meant by line and staff Organization? State its merits and demerits.
  4. Explain the any four methods of Training and developing executives in an organization.
  5. Explain the steps involved in control.
  6. What is the contribution made by Frederick Taylor towards management thought?
  7. What is delegation of authority? What principles will you bear in mind while delegating authority?
  8. What problems you likely to encounter while communicating in an organization? How will you deal with these problems?

PART – C

Answer any TWO questions                                                                          (2 x 20 = 40 marks)

  1. What is departmentation?  Explain the basis for departmentation.  Is departmentaion a good method in designing an organization?
  2. Explain clearly the Hygiene Motivator theory and the Expectancy theory of motivation.
  3. Explain the different types of planning.  What obstacles you are likely face while planning?

 

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Loyola College B.B.A. Business Administration Nov 2006 Business Environment Question Paper PDF Download

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             LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034  B.B.A DEGREE EXAMINATION – BUSINESS ADMINISTRATION

AU 02

FIRST SEMESTER – NOV 2006

           BU 1501 – BUISNESS ENVIRONMENT

 

 

Date & Time : 03-11-2006/1.00-4.00           Dept. No.                                                       Max. : 100 Marks

Section – A

Answer ALL the questions:                                                                   10 X 2 = 20

 

  1. Define the term “ Business Environment “.
  2. What is socio – cultural Environment?
  3. Define Capitalism.
  4. Name any two laws relating to business in India.
  5. What is Democracy?
  6. What is Contract?
  7. What is an Unfair Trade Practice?
  8. What is Cultural Heritage?
  9. Define Business Ethics.
  10. Define Globalization.

Section – B

 

Answer any FIVE questions:                                                                   5 X 8 = 40

 

  1. What do you understand by the term “Business”? Describe the main characteristics of Business.
  2. Explain the achievement and failures of Five-year plans in our society.
  3. Describe the merits and demerits of socialism.
  4. Explain the fundamental rights of citizens in India.
  5. Write short notes on:
    1. Cultural Transmission
    2. Cultural Adaptation
    3. Cultural Lag
    4. Cultural Conformity
  6. Describe the social responsibilities of business towards employee and the customer.
  7. Explain the functions of the state.
  8. Discuss the rights of a consumer under Consumer Protection Act, 1986.

 

        Section – C

Answer any TWO questions:                                                                 2 X 20 = 40

 

  1. Explain the concept of “Business”. Describe the main objectives of business.
  2. Explain the features of various types of economic system.
  3. What do you understand by social responsibilities of business and Explain the case for and against social responsibility of business.

 

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Loyola College B.B.A. Business Administration April 2007 Project Management Question Paper PDF Download

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.B.A.  DEGREE EXAMINATION –BUSINESS ADMINISTRATION

MS 24

SIXTH SEMESTER – APRIL 2007

BU 6602 – PROJECT MANAGEMENT

 

 

Date & Time: 20/04/2007 / 9:00 – 12:00       Dept. No.                                                                 Max. : 100 Marks

 

 

SECTION  A:

Answer ALL Questions                                                          (10×2=20  Marks)

 

  1. What are the aims and objectives of project management?
  2. Enlist different phases of project life-cycle.
  1. What is meant by economic viability?
  2. State the importance of project design.
  3. What is periodic project audit?
  4. Write a short note on group functioning .
  5. What is the need for risk analysis?
  6. What are the characteristics of a sound project organization?
  7. What are the ways of motivating a project team?
  1. What do you mean by project formulation?

 

SECTION B

Answer any FIVE Questions                                            (5×8=40 Marks)

 

  1. Explain the constraints for the project identification.
  2. Describe the contents of a project profile.
  3. What do you mean by network analysis? Explain the importance of network analysis.
  4. What is social cost-benefit analysis? Differentiate financial analysis from social cost-benefit analysis.

 

  1. What are the benefits of project audit system to a project organization?
  2. Describe the purpose and importance of post project evaluation.
  3. Explain the net present value method of project appraisal. State its merits and demerits.
  4. Write a detailed note on the role and the qualities of a project manager.

 

SECTION C

Answer any TWO Questions                                            (2×20=40 Marks)

 

  1. What do you mean by Ex-post evaluation? Explain the procedures of such evaluation.
  2. ‘Team Work  concept with a good human relation system is vital for the success of a project’ Discuss. Highlight the challenges and problems which project manager would face in achieving these objectives.

 

  1. What is project feasibility? Examine its various dimensions with the help of appropriate illustrations.

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Loyola College B.B.A. Business Administration April 2007 Production Management Question Paper PDF Download

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.B.A.

MS 23

DEGREE EXAMINATION –BUSINESS ADMINISTRATION

SIXTH SEMESTER – APRIL 2007

BU 6601 – PRODUCTION MANAGEMENT

 

 

Date & Time: 18/04/2007 / 9:00 – 12:00          Dept. No.                                                     Max. : 100 Marks

 

 

SECTION – A

 

Answer all the questions.                                                                                                   10 x 2 = 20

  1. What you mean by Production function?
  2. Define the term ‘Added Value’.
  3. What is service utility?
  4. Explain the system design.
  5. What is a machinery factor?
  6. Define seasonal purchasing.
  7. Explain the term plant layout.
  8. Define the term ‘Manufacturing’.
  9. What is TPM?
  10. What are the three areas of maintenance?

 

 

SECTION – B

Answer any FIVE questions.                                                                                               5 x 8 = 40

 

  1. What are the characteristics of successful product development?
  2. What are the principles of plant layout?
  3. ‘Production is an organizational function’ – comment.
  4. Explain the strategic decisions.
  5. What is the scope of material maintenance?
  6. What are the competitive priorities? Explain.
  7. Explain the new product development process.
  8. What are the functions of a production manager?

 

 

SECTION – C

 

Answer any TWO questions.

                                                            2 x 20 = 40

  1. What are objectives of maintenance management?
  2. Explain the primary and secondary objectives of material management.
  3. Diagrammatically explain the production system model.

 

 

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Loyola College B.B.A. Business Administration April 2007 Marketing Management Question Paper PDF Download

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.B.A.  DEGREE EXAMINATION – BUSINESS ADMINISTRATION

MS 14

FOURTH SEMESTER – APRIL 2007

BU 4501 – MARKETING MANAGEMENT

 

 

Date & Time: 24/04/2007 / 9:00 – 12:00         Dept. No.                                                     Max. : 100 Marks

 

 

PART – A

 

Answer ALL the questions:                                                                   (10 x 2 = 20 marks)

 

  1. Explain the term “Demarketing”.
  2. What is consumer market?
  3. What do you understand by consumer lifestyle?
  4. What is meant by complex buying behavior?
  5. Give a brief note on Individual Marketing.
  6. What is Product Position?
  7. Explain the concept of Product Mix.
  8. What is Dynamic Pricing?
  9. What is meant by Conventional Marketing System?
  10. Outline the meaning of Buzz Marketing?

 

 

PART – B

 

Answer any FIVE questions:                                                                   (5 x 8 = 40 marks)

 

  1. List and discuss the contrasted concepts of Marketing and Selling.
  2. Analyse the four major factors that influence consumer behavior.
  3. Define Product. Also explain the levels of product and services.
  4. Discuss the various Brand development choices of a company. Also provide an

example of each.

  1. Identify and explain the internal factors affecting a firms pricing decision.
  2. What is a Channel conflict? Discuss the types of conflict with an example.
  3. Identify and analyze the major Channel management decision.
  4. List and discuss the different Buyer – readiness stages of effective communication.

 

PART – C

 

Answer any TWO questions:                                                                 (2 x 20 = 40 marks)

 

  1. List and assess the Core Marketing Concepts with an effect to modern marketing.
  2. Identify and discuss the major pricing strategies of Product mix and Price adjustment.
  3. Define a Marketing Channel. Discuss the different types of channel of distribution.

 

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Loyola College B.B.A. Business Administration April 2007 Human Resource Management Question Paper PDF Download

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.B.A.

MS 18

DEGREE EXAMINATION –BUSINESS ADMINISTRATION

FIFTH SEMESTER – APRIL 2007

BU 5502 – HUMAN RESOURCE MANAGEMENT

 

 

Date & Time: 30/04/2007 / 1:00 – 4:00          Dept. No.                                                     Max. : 100 Marks

 

 

PART – A

 

Explain the following concepts in FIVE lines each                                       (10 x 2 = 20 marks)

 

  1. Conflict
  2. Organizational Climate
  3. Selection
  4. Change agent
  5. Grievances
  6. Organizational goals
  7. Reward and compensation
  8. Job satisfaction
  9. Development
  10. Values

PART – B

 

Answer any FIVE questions                                                                          (5 x 8 = 40 marks)

 

  1. What would you do to improve morale in an organization
  2. Explain the different kinds of personalities.
  3. What will you do to bring about organizational change?  How would you over come resistance to change?
  4. What are the various methods you will employ in order to deal with conflict?
  5. What are wages and salaries administration?  State its objectives
  6. Explain the characteristics of Human resource management.
  7. State the objectives of recruitment.
  8. How will you settle grievances in an organization?

 

PART – C

 

Answer any TWO questions                                                                          (2 x 20 = 40 marks)

  1. Explain the steps involved in the selection process
  1. Explain the any six major methods of training managers in an organization
  2. Explain any six methods of performance appraisals.

 

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Loyola College B.B.A. Business Administration April 2007 Financial Accounting Question Paper PDF Download

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LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.B.A.

MS 04

DEGREE EXAMINATION –BUSINESS ADMINISTRATION

SECOND SEMESTER – APRIL 2007

BU 2500 – FINANCIAL ACCOUNTING

 

 

Date & Time: 20/04/2007 / 1:00 – 4:00            Dept. No.                                                     Max. : 100 Marks

 

 

 

PART – A

 

Answer ALL the questions:                                                                   (10 x 2 = 20 marks)

 

  1. List out any two causes for Depreciation.
  2. Write short notes on:
  3. a) Short sales b) Standing turnover
  4. What is meant by General ledger?
  5. What is ‘Royalty’?
  6. Pass necessary adjustment entries for the following adjustments:
  7. a) Insurance unexpired is Rs. 5,000
  8. b) The proprietor has withdrawn goods worth Rs. 3,000 from stock.

 

  1. What should be the basis of allocation for the following expenses under Departmental Accounts?
  2. a) Carriage inward b) Maintenance of premises.

 

  1. From the following particulars, calculate closing branch debtor’s balance:

Branch Debtors (1.1.2005)                 Rs.   6,300

Credit sales                                         Rs. 39,000

Cash received from debtors                Rs. 41,200

 

  1. Sonu purchased a typewriter on hire-purchase system. As per terms, he is required to pay Rs. 800 down, Rs. 400 at the end of the first year Rs. 300 at the end of the second year and Rs. 700 at the end of the third year. Interest is charged at 5% p.a. Calculate the total cash price of the typewriter and the amount of interest payable on each instalment.

 

  1. Compute short workings recovered from the following particulars assuming short workings are recoupable in the following two years:

Royalty: Rs. 5 per ton

Dead rent: Rs. 45,000 p.a.

Output: 2000 – 10,000 tonnes, 2001 – 16,000 tonnes, 2002 – 20,000 tonnes.

 

  1. From the following information ascertain opening stock (i.e., on 1.1.2004)

Rs.

Purchases made during year 2004                  2,50,000

Sales made during year 2004                          3,25,000

Stock on 31.12.2004                                          60,000

Wages                                                                              3,000

Rate of gross profit on cost                                   25%

 

 

 

 

 

PART – B

 

Answer any FIVE questions:                                                                   (5 x 8 = 40 marks)

 

  1. Distinguish between Hire purchase system and Instalment purchase system.

 

  1. What is single entry? What are its salient features?

 

  1. From the following balances as at 31st Dec. 2005 of a trader, prepare a Trading and

Profit & loss A/c for the year 2005 and a Balance Sheet as on that date.

Rs.                                                                     Rs.

——————————————————————————————————–

Salaries                                  5,500     Creditors                                             9,500

Rent                                      1,300     Sales                                                  32,000

Cash                                      1,000     Capital                                               30,000

Debtors                               40,000      Loans                                               10,000

Trade expenses                         600

Purchases                            25,000

Advances                              2,500

Bank balances                      5,600

———–                                                         —————

81,500                                                              81,500

————                                                         —————Adjustment:

(i)  The closing stock amounted to Rs. 9,000.  (ii)  One month’s salary is outstanding

(iii)   One month’s rent has been paid in advance, (iv) Provide 5% for doubtful debts.

 

  1. Amol started business on 1-1- 1990 and he purchased a machine for Rs. 70,000. He purchased further machinery on 1st August 1991 costing Rs. 15,000 and on 30th September 1994 costing Rs. 20,000. He adopted a policy of charging 15% p.a. depreciation under Diminishing Balance Method.

On 1-1-1994 it was decided to change the method and rate of depreciation to 10% on straight line basis with retrospective effect from 1-1-90. The accounts are closed every year on 31st December. Calculate the differences in depreciation to be adjusted in the machinery account on 1-1-1994 and show the ledger account for the years 1990 to 1994.

 

  1. A fire occurred in the business premises of Ranjit on 19.7.89. From the following particulars ascertain the loss of stock and prepare a claim for insurance.

Rs.

Stock on 1.1.88                                                36,720

Stock on 31.12.88                                            32,400

Sales for 1988                                               2,16,000

Purchases for 1988                                        1,46,400

Purchases from 1.1.89 to 19.7.89                 1,76,400

Sales from 1.1.89 to 19.7.89                         1,80,000

 

The stocks were always valued at 90% of cost. The stock saved from fire was worth Rs.21,600. The amount of the policy was Rs.75,600 and included an average clause.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  1. The proprietor of a large retail store wished to ascertain approximately the net profit of the X, Y, and Y departments separately for the three months ended 31st March 1996. It if found impracticable actually to take stock on the date, but an adequate system of departmental accounting is in use, and the normal rates of gross profit for the three departments concerned are respectively 40%, 30% and 20% in turnover before charging the direct expenses. The indirect expenses are charged in proportion to departmental turnover.

The following are the figures for the departments:

——————————————————

X                        Y                       Z

Rs.                     Rs.                      Rs.

——————————————————

Opening stock (1-1-96)                                      10,000                 14,000                7,000

Purchases                                                           12,000                 13,500                9,700

Sales                                                                   20,000                 18,000              16,000

Direct expenses                                                    2,000                   1,500                   700

 

The total indirect expenses for the period (including those relating to other departments) were Rs. 5,400 on the total turnover of Rs. 1,08,000.

Prepare a statement showing the approximate net profit, making a stock reserve of 10% for each department on the estimated value on 31-3-96.

 

  1. From the following detail, prepare the purchase ledger adjustment A/c in General ledger and General ledger Adjustment A/c in purchase ledger for the year 2005.

 

Purchase Ledger balance on 1.1.2005 (Cr)                 1,20,000

Purchase Ledger balance on 1.1.2005 (Dr)                   10,000

Purchases from creditors                                            1,80,000

Bills payable accepted                                                   40,000

Cash paid to creditors                                                             1,00,000

Cheques paid to creditors                                              30,000

Cheques dishonoured                                                                  1,000

Goods returned to creditors                                           10,000

Discount allowed by creditors                                         2,000

Interest on suppliers accounts due                                   1,000

Bills payable dishonoured                                                4,000

 

  1. On 1.1.1982, Sona Collieries Ltd., leased a piece of land agreeing to pay a minimum rent of Rs. 2,000 in the first year, Rs. 4,000 in the second year and thereafter Rs. 6,000 per annum, merging into a royalty of 40 paise per tonne, with power to recoup short workings over the first three years only.

The figures of annual output for the four years to 31st December 1985 were 1,000, 10,000, 18,000 and 20,000 tonnes respectively. Prepare the analytical table, and also the Shortworkings A/c and Landlord’s A/c in the books Sona.

 

 

 

 

 

PART – C

 

Answer any TWO questions:                                                                 (2 x 20 = 40 marks)

 

  1. Mohan commenced business on 1.1.2005 with a capital of Rs. 25,000. He immediately bought furniture for Rs. 4,000. During the year, he borrowed Rs. 5,000 from his wife and introduced a further capital of Rs. 3,000. He has withdrawn Rs. 600 at the end of each month for family expenses. From the following particulars obtained from his books, you are required to prepare Trading and P& L A/c and Balance Sheet on 31.12.2005.

Rs.

Sales (including cash sales of Rs. 30,000)                                      1,00,000

Purchases (including cash purchases of Rs. 10,000)                         75,000

Carriage                                                                                                   700

Wages                                                                                                                 300

Discount allowed                                                                                    800

Salaries                                                                                                 6,200

Bad debt written off                                                                            1,500

Trade expenses                                                                                     1,200

Advertising                                                                                          2,200

 

Mohan has used goods worth Rs. 1,300 for private purposes and paid Rs. 500 to his son which is not recorded anywhere. On 31.12.2005, his debtors were worth Rs. 21,000 creditors Rs. 15,000 and stock in trade Rs. 10,000. Furniture to be depreciated at 10% p.a.

 

 

  1. A head office invoices goods to its branch at cost plus 25%. Branch remits all cash received to the head office and all expense are met by the H.O. From the following particulars of the branch, prepare Branch Stock A/c, Branch Debtors A/c and Branch

P & L A/c.

Rs.                                                                         Rs.

——————————————————————————————————–

Stock on 1.1.2004                    16,000       Total amount deposited

(invoice price)                                                       in the H.O. A/c                 1,27,000

Returned of goods to H.O                    5,000

Stock on 31.12.2004                17,000                       (invoice price)

(invoice price)

Debtors on 1.1.2004                12,000        Salaries paid                                         6,000

Debtors on 31.12.2004            14,000        Rent paid                                              4,000

Cash sales                                60,000        Discount allowed to customers            2,000

Bad debts written off                 1,000       Spoilage                                                2,000

 

  1. On 1.1.90 National Transport Company purchased from Metro Motors five trucks costing Rs. 40,000 each on the hire purchase system. It was agreed that Rs. 50,000 should be paid immediately and the balance in three installments of Rs. 60,000 each at the end of each year. The Metro charges interest @ 10% p.a. The buyer depreciates trucks at 20% p.a. on the diminishing balance method. The buyer paid cash down and two installments but failed to pay the last installment.

Consequently, the Metro Motors repossessed three trucks leaving two trucks with the buyer and adjusting the value of 3 trucks against the amount due. The trucks repossessed were valued on the basis of 30% depreciation p.a. on the written down value. The trucks repossessed were sold by Metro Motors for Rs. 60,000 after necessary repairs amounting to Rs. 10,000. Open the necessary ledger accounts in the books of both the parties.

 

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Loyola College B.B.A. Business Administration April 2007 Corporate Accounting Question Paper PDF Download

by

LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.B.A.

MS 13

DEGREE EXAMINATION –BUSINESS ADMINISTRATION

FOURTH SEMESTER – APRIL 2007

BU 4500 – CORPORATE ACCOUNTING

 

 

Date & Time: 21/04/2007 / 9:00 – 12:00          Dept. No.                                                     Max. : 100 Marks

 

 

PART A

 

Answer ALL questions                                                                                  10 x 2 = 20 marks

 

Explain the following:

  1. Forfeiture of shares
  2. Capital redemption reserve
  3. Redemption of debentures cum interest and ex-interest
  4. Vendors suspense account
  5. Liquidators remuneration
  6. Contingent liability
  7. A Ltd., had share capital of 10,000 equity shares of Rs.10 each, Rs.40,000 in P & L and Rs.30,000 in general reserve. It is decided to issue bonus shares, in the ratio of one share for every 5 held. Pass entries.
  8. The expected profit of a company before tax @ 40% is Rs.50,000, Its capital consists of 10,000 equity shares of Rs.10 each and 10,000 8% preference shares of Rs.10 each. It is the company’s policy to transfer 20% of the profits to general reserve. If the normal rate of return is 10%, calculate the yield value per share.
  9. X Ltd., has made the following profits during the past three years: Rs.60,000, Rs.75,000 and Rs.90,000. Its assets are worth Rs.5,00,000 and liabilities Rs.2,00,000. Calculate the value of goodwill of the firm at 2 years purchase of super profits, the normal rate of return being 15%.
  10. State under which heading in the Balance sheet of the company the following items will appear:
  11. a) Loose tools (b) unclaimed dividends (c) public deposits (d) bills receivable.

 

 

PART  B

 

Answer ANY FIVE questions                                                                       5 x 8 = 40 marks

 

  1. (a) State the maximum commission payable to underwriters

 

(b) The following underwriting took place:

A – 5,000 shares;  B – 3,000 shares;  C – 2,000 shares.

In addition there was  firm underwriting:

A – 1,000 shares;  B – 500 shres;  C – 1,500 shares.

The share issue was for 10,000 shares. Total subscription including firm underwriting was 8,500 shares and the forms included the following marked forms:

A – 2,000 shares;  B – 1,000 shares;  C – 1,000 shares.

Show the allocation of liability of the underwriters assuming that shares underwritten firm are treated as unmarked.

 

  1. Distinguish between Amalgamation in the nature of purchase and merger.

 

  1. X Co. Ltd., had 10,000 equity shares of Rs.10 each fully paid and 5,000 7% redeemable preference shares of Rs.10 each fully paid, redeemable at a premium of 10%. It had a credit balance of Rs.40,000 on profit and loss account and Rs.50,000 on general reserve.

The company resolved:

  • To issue 3,000 equity shares of Rs.10 each at Rs.12 per share in order to provide part of the funds for the redemption of the preference shares.
  • To redeem the preference shares.
  • To make a bonus issue of one share for every two held by the existing equity shareholders from the general reserve. The resolutions were carried into effect.

Journalize.

 

  1. Krishna Ltd., which had Rs.5,00,000 12% debentures outstanding on 1/1/1997, made the following purchases in the open market:

1.4.1997 1,000 debentures of Rs.100 each at Rs.99 ex-interest

1.9.1997 500 debentures of Rs.100 each at Rs.97 cum interest

The debentures purchased on 1/4/97 were cancelled on 31/12/97.

Pass entries for the year 1997, assuming that the interest is payable every year on 30th June and 31st December.

 

 

  1. M Ltd., was incorporated on 1.1.94 with an authorized capital of 50,000 equity shares of Rs.10 each to take over the running business of V Ltd., as from 1.10.93. The following is the summarized profit and loss account for the year ended 30.9.94

Rs.                               Rs.

Sales – 1.10.93 to 31.12.94                         6,000

1.1.94 to 30.9.94                         19,000                         25,000

Cost of sales                                              16,000

Administrative expenses                             1,768

Selling commission                                        875

Goodwill written off                                     200

Interest paid to vendors                                 373

(loan repaid on 1.2.94)

Distribution expenses (60% variable)         1,250

Preliminary expenses written off                   330

Debenture interest                                          320

Depreciation                                                   444

Directors’ fees                                                100                         21,660

Profit                                                                                         3,340

The company deals with one type of product.

The unit cost of sales was reduced by 10% in the post incorporation period as compared to the pre-incorporation period. Apportion the net profit between pre-incorporation and post-incorporation periods showing the basis of apportionment.

 

  1. (a) What is the maximum remuneration payable to different classes of managerial personnel as per the Company’s Act?

 

(b) From the following particulars, determine the maximum remuneration available to a full time director of a manufacturing company.

The Profit & Loss Account of the company showed a net profit of Rs.40,00,000 after taking into account the following items:

Rs.

(a) Depreciation (including special depreciation of Rs.40,000)                1,00,000

(b) Provision for income tax                                                                     2,00,000

(c)   Donation to political parties                                                                 50,000

(d) Ex-gratia payment to a worker                                                               10,000

(e) Capital profit on sale of assets                                                                15,000

 

 

 

 

 

 

  1. The share capital of Z Ltd., consisted of the following: 10,000 6% Preference shares of Rs.100 each and 50,000 equity shares of Rs.10 each.

The company had accumulated losses totaling Rs.3,50,000 and preliminary expenses not written off to the extent of Rs.20,000. It is ascertained that Fixed Assets that stood in the books at Rs.14,00,000 was over valued to the extent of Rs.4,00,000.

The following scheme was adopted to write off the losses and reduce the assets:

  1. 6% preference shares were to be converted into 7% preference shares of Rs.60 each.
  2. Equity shares to be reduced to Rs.2 each
  • The Directors to refund Rs.10,000 fees received by them.
  1. Preference dividend which is in arrears for 3 years, is to be settled by the issue of 5,000 equity shares of Rs.2 each.

Journalize.

 

  1. The following particulars related to ABC Ltd., which went into voluntary liquidation.

Preferential creditors                     Rs.25,000

Unsecured creditors                      Rs.50,000

Secured creditor                            Rs.10,000

(secured on machinery of the book value of Rs.25,000)

Machinery realized                        Rs.15,000

Other assets realized                     Rs.75,000

Expenses of liquidation                Rs.  1,500

Liquidators remuneration was agreed at 21/2% on the amount realized and 2% on the amount paid to unsecured creditors.

Prepare liquidator’s final statement of account.

 

PART C

 

Answer ANY TWO questions                                                                 2 x 20 = 40 marks

 

  1. ABC Ltd. issued a prospectus inviting applications for 2,000 shares of Rs.10 each at a premium of Rs.2 per share, payable as follows:

 

On application                   Rs.2

On allotment                     Rs.5 (including premium)

On first call                       Rs.3

On second call                  Rs.2

 

Applications were received for 3,000 shares and allotment was made pro-rata to applicants of 2,500 shares, the remaining applications being refused. Amount overpaid on application was adjusted against amount due on allotment.

 

X to whom 80 shares were allotted failed to pay allotment money and on a subsequent failure to pay the first call, his shares were forfeited.

 

Y the holder of 40 shares failed to pay the two calls and the shares were forfeited. Of the shares forfeited, 100 shares were sold at Rs.9 per share fully paid ( all the shares of X being included).

Journalize.

 

 

 

 

 

 

 

 

 

  1. The business of A Ltd., was purchased by B Ltd., on the following terms:
  2. i) A payment of cash of Rs.20 for every share in A Ltd.
  3. ii) A payment of Rs.55 in cash for every debenture in A Ltd.

iii)        The exchange of 3 shares in B Ltd., of Rs.10 each (market value of Rs.20) for every share in A Ltd.

  1. Expenses of realization Rs.5,000 to be paid by B Ltd.
  2. B Ltd., valued the buildings of A Ltd., at Rs.40,000 and machinery at Rs.15,000

The balance of sheet A Ltd.on date of purchase stood as follows:

Liabilities                                    Rs. Assets                                          Rs.
800 equity shares of

Rs.50 each                                  40,000

8% debentures of

Rs.50 each                                    6,000

Export profit reserve                      4,000

(statutory)

P & L                                              1,000

Creditors                                        4,200

——–

55,200

 

 Building                                       15,000

Machinery                                   21,000

Stock                                           10,000

Debtors                                         9,000

Cash                                                200

 

 

 

———

55,200

Prepare realization account, B Ltd., account and equity shareholders’ account in the books of A Ltd. Also pass journal entries in the books of B Ltd., to record the take over.

 

  1. B Ltd. had an authorized capital of Rs.6 lakhs divided into equity shares of Rs.10 each. The following is the Trial Balance of the company as on 31.3.2006.
                                                  Rs.                                              Rs.
Calls in arrears                             7,500

Building                                   3,60,000

Machinery                               3,00,000

Interim dividend paid                   7,500

Purchases                               1,85,000

Preliminary expense                    5,000

Freight                                        18,840

Bad debts                                     2,110

8% Govt. bonds                          60,000

Stock (1.4.05)                             75,000

Debtors                                       94,200

Cash                                           25,750

Bank                                           39,900

Advance tax paid                        14,800

Wages                                        70,000

Salaries                                      31,400

Debenture interest

(up to 30.9.05)                              9,000

————-

Total                                       13,06,000

 6% debentures                   3,00,000

P & L (.1.4.05)                      14,500

Creditors                               50,000

General reserve                     25,000

Share capital                      4,60,000

Bills payable                         38,000

Sales                                  4,15,000

Provision for bad debts          3,500

 

 

 

 

 

 

 

 

 

 

————–

13,06,000

 

Prepare final accounts for the year ending 31.3.06 after considering the following adjustments:

  1. 60,000 was added to machinery on 1.10.05. Depreciate machinery by 10% and building by 5%.
  2. Write off ½ of preliminary expenses.
  • Provide 5% for bad debts.
  1. Provide for income tax Rs.25,000
  2. Transfer Rs.10,000 to general reserve.
  3. Stock on 31.3.06 was Rs.1,01,000
  • Directors propose 5% final dividend on equity shares.
  • bonds were purchased on 31.3.06.

 

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Loyola College B.B.A. Business Administration April 2007 Business Management Question Paper PDF Download

by

LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.B.A.

MS 01

DEGREE EXAMINATION – BUSINESS ADMINISTRATION

FIRST SEMESTER – APRIL 2007

BU 1500 – BUSINESS MANAGEMENT

 

 

Date & Time: 25/04/2007 / 1:00 – 4:00          Dept. No.                                                     Max. : 100 Marks

 

 

SECTION – A

 

Answer all the questions:                                                                   (10 x 2 = 20 marks)

 

  1. What is meant by Decision tree?
  2. Define management.
  3. What is meant by tall structure?
  4. Bring out any two differences between motivation and morale.
  5. What is meant by semantic barrier?
  6. What is planning premises?
  7. List down the steps in the control process.
  8. What is meant by M.B.E?
  9. What is an organization manual?
  10. Who is a paternalistic leader?

 

SECTION – B

Answer any five questions:                                                                (5 x 8 = 40 marks)

 

  1. Differenciate between line authority and staff authority.
  2. Write a note on Taylor’s principle of scientific management.
  3. What are the various techniques of performance appraisal?
  4. Define communication. Explain its process.
  5. Management is a trinity of Science, Arts and Profession. Explain.
  6. Explain Budgetary control.  Bring out its advantages and disadvantages.
  7. Explain Maslow’s theory of motivation. Critically evaluate.
  8. What are the different types of organization charts?  Why is it used?

 

 

SECTION – C

Answer any two questions                                                                 (2 x 20 = 40 marks)

  1. Give a detailed account of the sources of recruitment. Explain the selection process.
  2. Define M.B.O.Explain the advantages and limitations of MBO.
  3. Define Delegation. Discuss the obstacles of delegation. How would you

over come it?

 

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Loyola College B.B.A. Business Administration April 2007 Business Environment Question Paper PDF Download

by

LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

MS 02

B.B.A.  DEGREE EXAMINATION – BUSINESS ADMINISTRATION

FIRST SEMESTER – APRIL 2007

BU 1501 – BUSINESS ENVIRONMENT

 

 

Date & Time: 26/04/2007 / 1:00 – 4:00          Dept. No.                                                     Max. : 100 Marks

 

 

PART – A

 

Answer ALL the questions:                                                                   (10 x 2 = 20 marks)

 

  1. What is meant by Micro Environment?
  2. What do you understand by SWOT?
  3. Define the term ‘Cultural Diversity’.
  4. What is ‘Democracy’?
  5. Enumerate any two functions of the state.
  6. Define ‘Deficiency’ under the Consumer Protection Act 1986.
  7. What is ‘Cultural Conformity’?
  8. Briefly outline the meaning of Mixed economy.
  9. What is ‘Industrial Policy’?
  10. List any two objectives of economic planning in India.

 

 

PART –B

 

Answer any FIVE questions:                                                                   (5 x 8 = 40 marks)

 

  1. Discuss the importance of understanding the environment of business.
  2. Explain in brief the basic characteristics of our constitution.
  3. List and explain the economic roles of the state.
  4. Analyse the various remedies available to a consumer under the Consumer

Protection Act, 1986.

  1. Explain any four Cultural traits, with suitable example.
  2. Describe the main features of an economic system.
  3. Discuss the merits and demerits of Socialism.
  4. Explain the achievement and failure of India’s five-year plans.

 

 

PART – C

 

Answer any TWO questions:                                                                 (2 x 20 = 40 marks)

 

  1. List out and explain the various factors that influence the environment of business.
  2. What do you understand by social responsibilities of business and Explain the case

for and against social responsibility of business.

  1. Discuss elaborately the fundamental rights and duties of citizen of India.

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Loyola College B.B.A. Business Administration April 2007 Adv. Cost Management Accounts Question Paper PDF Download

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             LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.B.A. DEGREE EXAMINATION – BUSINESS ADMINISTRATION

MS 22

SIXTH SEMESTER – APRIL 2007

                                       BU 6600 – ADV. COST MANAGEMENT ACCOUNTS

 

 

 

Date & Time : 16-04-2007/9.00-12.00           Dept. No.                                                       Max. : 100 Marks

 

SECTION-A

(Answer all questions)                           (10×2=20)

1.What do you understand by memorandum reconciliation statement?

2.Identify any four industries in which batch costing is employed.

3.What do you mean by cost plus contracts?

4.Calculate the total Kms and passenger Kms from the following.

Number of buses           – 5

Trips made by each bus (round)-4

Distance of route – 20 kms (one way)

Days operated in a month –25

Capacity in each bus- 50 passengers

Normal passengers travelled- 90% of capacity.

5.Mention the cost units used under the following cases.

  1. i) Goods transport ii) Hospitals.

6.State the various methods of preparing sales budget.

7.Define “Standard cost”

8.What is Capital Budgeting?

9.What are the advantages of N.P.V.?

10.Calculate the material usage variance from the following;

Standard             : 400 units at Rs.10 each.

Actual                 : 360 units at Rs.7 each.

 

SECTION-B

(Answer any five questions, choosing not less than TWO from each group)            (5×8=40)

GROUP-I

11.Write short notes on the following:

  1. a) Abnormal loss b) Operating costing c) Job costing d) Valuation of work in progress

in contract  costing.                                                                                 .                          12.The following is the profit&loss a/c of “V”-Ltd

 

Particulars     Rs     Particulars      Rs
To Materials

To Wages

To Factory expenses

To Administration        expense

To Selling expenses

To Depreciation

To Net profit

 

      30,000

14,000

10,000

 

8,000

6,000

2,000

45,000

1,15,000

 By sales

By Closing stock

By Profit on sale of machinery

By Discount received

 

 

 

 

 1,00,000

8,000

 

2,000

5,000

 

 

 

1,15,000

 

Additional information;

  • Profit as per cost accounts was Rs.37,000
  • Factory overhead is absorbed in cost accounts at 100 % of wages.
  • Administration and selling expenses were recovered at 5% and 7% on

Sales respectively.

  • Depreciation was charged in costing at Rs.3,000.
  • Closing stock was valued at Rs.10,000 in cost accounting.

You are required to prepare a reconciliation statement of cost and financial profits.

 

13.From the following particulars, calculate the cost of running a taxi per kilometer.

Number of Taxis          -10

Cost of each taxi          – Rs.2,00,000.

Salary of manager        – Rs.6,000 p.m.

Salary of accountant     – Rs.5,000 p.m.

Salary of cleaner           – Rs.2,000 p.m

Salary of mechanic       – Rs.4,000 p.m

Garage rent                   – Rs.6,000 p.m.

Insurance premium       –  5% p.a.

Annual tax                    – 6,000 per taxi

Drivers salary               – 2,000 per month per taxi.

Annual repair                – 10,000 per taxi.

Total life of a taxi is about 2,00,000 kms. A taxi  runs in all 3,000 kms in a month

Of which30% is empty. Petrol consumption is one litre for 10 k.m at Rs.18

Per litre. Oil and other  sundries are Rs.50 per 100 kms.

14.From the following particulars, prepare a cost sheet showing both production and

Setting up costs, total and per unit,When  the batch consists of 200 units;

Cost of materials 12-paise per unit.

Operator’s wages Rs.1.44 an hour.

Machine hour rate.Rs.3

Setting up time of machine 4 hours and 40 minutes .

Manufacturing time 20 minutes per unit.

GROUP-II

15.Write short notes on the following.

  1. Key factor b) Budgetary control c) Pay-back period d) IRR.

16.From the following particulars given below, calculate the following labour variances

for the two departments.

  1. a) Labour cost variance b) Labour rate variance c) Labour efficiency variance.

 

 

      Department-A Department-B
 Actual gross wages (direct)

Standard hours produced

Standard rate per hour

Actual hours worked

       Rs.20,000

8,000

Rs.3

8,200

  Rs.18,000

6,000

Rs.3.50

5,800

 

 

17.The following particulars are taken from the records of the company engaged in

manufacturing two products X and Y from a certain raw material.

 

Product-X (Rs.per unit) Product-(Rs.per unit)
Sales                 Materials(Rs.2.5 per k.g)  Wages (Rs.15 per hour)

Variable overhead

 

 

                   125.00

25.00

37.50

12.50

          250.00

62.50

75.00

25.00

 

Total fixed overheads Rs.50,000

Comment on the profitability of each product when

  1. Total availability of raw material is 20,000 kgs and maximum sales potential

Of each product is 1,000 units. Find out the product mix to yield maximum profit.

  1. Total sales in value is limited
  2. Labour time is limited.
  3. Production capacity in units is a key factor.

 

18.A company sells two products A and B which are produced  in its special products

division. Sales for the year 2006 were planned as follows.

1-st Qr(units)   2nd Qr(units)  3rd   Qr (units)

 

 4th Qr(units)
Product-A

Product-B

     10,000

5,000

      12,000

4,500

      13,000

4,000

 

    15,000

3,800

 

The selling prices were Rs.20 per unit and Rs.50 per unit respectively for A and B. Average sales returns are 5% of sales and the discount and bad debts amount to 4%

Of the total sales.

Prepare sales budget for the year 2006.

 

SECTION-C

(Answer any TWO Questions  )                          (2×20=40)

19.a) Three contracts X,Y and Z commenced on 1-stJanuary ,1stjuly and 1stOctober 2006,

respectively were undertaken by ELLORA Constructions Ltd, and their accounts on 31-st Dec.

showed the following position;

     X

(Rs)

     Y

(Rs)

      Z

(Rs)
Contract price

Expenditure;

Raw material

Wages

General expenses

 

Plant purchased

Materials in hand

Wages accrued

Work certified

Work uncertified

Cash received in respect of work certified

 

 8,00,000

 

1,44,000

2,20,000

8,000

 

40,000

8,000

8,000

4,00,000

12,000

3,00,000

 

 5,40,000

 

1,16,000

2,24,800

5,600

 

32,000

8,000

8,000

3,20,000

16,000

2,40,000

 

 6,00,000

 

40,000

28,000

2,000

 

24,000

4,000

3,600

72,000

4,200

54,000

 

T he plant was installed on the date of commencement of each contract ,depreciation

is to be taken at 10% per annum.                                                                                        Prepare the contract accounts in Tabular form and show   how they would appear in the Balance sheet as on Dec.2006.

OR

19.b)A product passes through three processes. The following details are related to the

processes during-Dec-2006.

 

     Total Process-I Process-II Process-III
Materials(Rs)

Labour (Rs)

Production overhead (Rs)

Output (units)

Normal loss (%-of input)

Scrap value

      5,625

7,330

7,330

—

—

—

       2,600

2,250

—

450

10

2

 

 

      2,000

3,680

—

340

20

4

     1,025

1,400

—

270

25

5

 

 

 

500 units @Rs.4 per unit were introduced in process-I. Production overhead is absorbed in the ratio of labour.

Prepare process accounts and abnormal loss and abnormal gain accounts.

 

20.a) From the following particulars , prepare a cash budget for 6 months .

Months Total sales

Rs

 Materials

Rs

   Wages

Rs

 Production over

head

Rs

 Selling and

Dist.overhead

Rs
Jan

Feb

March

April

May

June

 

   20,000

22,000

24,000

26,000

28,000

30,000

   20,000

14,000

14,000

12,000

12,000

16,000

     4,000

4,400

4,600

4,600

4,800

4,800

      3,200

3,300

3,300

3,400

3,500

3,600

 

       800

900

800

900

900

1,000

Cash balance on 1-st jan. was Rs.10,000. A new machine is to be installed at Rs.30,000 On credit, the amount to be repaid by two equal instalments in March and April.

 

Sales commission at 5% on total sales is to be paid within the month following actual

Sales.Rs.10,000 being amount of 2nd call may be received in march. Share premium                     amounting to Rs.2,000 is also obtained with 2nd call.

 

Period of credit allowed by suppliers-2 months

Period of credit allowed to customers-1 month.

Delay in payment of overheads-1month.

Delay in payment of wages-1/2 month.

Assume cash sales to be 50% of the total sales.

(OR)

20.b) J& co is planning to invest in a project which requirea a capital outlay of

Rs.4,00,000. Forecast for annual income after depreciation but before tax is as

Follows.

 

 

     Year          Rs
       1

2

3

4

5

    2,00,000

2,00,000

1,60,000

1,60,000

80,000

Depreciation may be taken as 20% on original cost and taxation at 50% of net income.

You are required to evaluate the projects according to each of the following methods.

  1. Pay- back period b) Rate of return on original investment c)Rate of return on average investment d)Discounted flow method taking cost of capital at 10%.
  2. Excess present value method.

 

Note;

The discount factor at 10% for the first 5-years are ; 0.909, 0.826,0.751,0.683 and

0.621.

 

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Loyola College B.B.A. Business Administration April 2007 Adv. Cost Management Accounts (2) Question Paper PDF Download

by

             LOYOLA COLLEGE (AUTONOMOUS), CHENNAI – 600 034

B.B.A. DEGREE EXAMINATION – BUSINESS ADMINISTRATION

MS 22

SIXTH SEMESTER – APRIL 2007

                                       BU 6600 – ADV. COST MANAGEMENT ACCOUNTS

 

 

 

Date & Time : 16-04-2007/9.00-12.00           Dept. No.                                                       Max. : 100 Marks

 

SECTION-A

(Answer all questions)                           (10×2=20)

1.What do you understand by memorandum reconciliation statement?

2.Identify any four industries in which batch costing is employed.

3.What do you mean by cost plus contracts?

4.Calculate the total Kms and passenger Kms from the following.

Number of buses           – 5

Trips made by each bus (round)-4

Distance of route – 20 kms (one way)

Days operated in a month –25

Capacity in each bus- 50 passengers

Normal passengers travelled- 90% of capacity.

5.Mention the cost units used under the following cases.

  1. i) Goods transport ii) Hospitals.

6.State the various methods of preparing sales budget.

7.Define “Standard cost”

8.What is Capital Budgeting?

9.What are the advantages of N.P.V.?

10.Calculate the material usage variance from the following;

Standard             : 400 units at Rs.10 each.

Actual                 : 360 units at Rs.7 each.

 

SECTION-B

(Answer any five questions, choosing not less than TWO from each group)            (5×8=40)

GROUP-I

11.Write short notes on the following:

  1. a) Abnormal loss b) Operating costing c) Job costing d) Valuation of work in progress

in contract  costing.                                                                                 .                          12.The following is the profit&loss a/c of “V”-Ltd

 

Particulars     Rs     Particulars      Rs
To Materials

To Wages

To Factory expenses

To Administration        expense

To Selling expenses

To Depreciation

To Net profit

 

      30,000

14,000

10,000

 

8,000

6,000

2,000

45,000

1,15,000

 By sales

By Closing stock

By Profit on sale of machinery

By Discount received

 

 

 

 

 1,00,000

8,000

 

2,000

5,000

 

 

 

1,15,000

 

Additional information;

  • Profit as per cost accounts was Rs.37,000
  • Factory overhead is absorbed in cost accounts at 100 % of wages.
  • Administration and selling expenses were recovered at 5% and 7% on

Sales respectively.

  • Depreciation was charged in costing at Rs.3,000.
  • Closing stock was valued at Rs.10,000 in cost accounting.

You are required to prepare a reconciliation statement of cost and financial profits.

 

13.From the following particulars, calculate the cost of running a taxi per kilometer.

Number of Taxis          -10

Cost of each taxi          – Rs.2,00,000.

Salary of manager        – Rs.6,000 p.m.

Salary of accountant     – Rs.5,000 p.m.

Salary of cleaner           – Rs.2,000 p.m

Salary of mechanic       – Rs.4,000 p.m

Garage rent                   – Rs.6,000 p.m.

Insurance premium       –  5% p.a.

Annual tax                    – 6,000 per taxi

Drivers salary               – 2,000 per month per taxi.

Annual repair                – 10,000 per taxi.

Total life of a taxi is about 2,00,000 kms. A taxi  runs in all 3,000 kms in a month

Of which30% is empty. Petrol consumption is one litre for 10 k.m at Rs.18

Per litre. Oil and other  sundries are Rs.50 per 100 kms.

14.From the following particulars, prepare a cost sheet showing both production and

Setting up costs, total and per unit,When  the batch consists of 200 units;

Cost of materials 12-paise per unit.

Operator’s wages Rs.1.44 an hour.

Machine hour rate.Rs.3

Setting up time of machine 4 hours and 40 minutes .

Manufacturing time 20 minutes per unit.

GROUP-II

15.Write short notes on the following.

  1. Key factor b) Budgetary control c) Pay-back period d) IRR.

16.From the following particulars given below, calculate the following labour variances

for the two departments.

  1. a) Labour cost variance b) Labour rate variance c) Labour efficiency variance.

 

 

      Department-A Department-B
 Actual gross wages (direct)

Standard hours produced

Standard rate per hour

Actual hours worked

       Rs.20,000

8,000

Rs.3

8,200

  Rs.18,000

6,000

Rs.3.50

5,800

 

 

17.The following particulars are taken from the records of the company engaged in

manufacturing two products X and Y from a certain raw material.

 

Product-X (Rs.per unit) Product-(Rs.per unit)
Sales                 Materials(Rs.2.5 per k.g)  Wages (Rs.15 per hour)

Variable overhead

 

 

                   125.00

25.00

37.50

12.50

          250.00

62.50

75.00

25.00

 

Total fixed overheads Rs.50,000

Comment on the profitability of each product when

  1. Total availability of raw material is 20,000 kgs and maximum sales potential

Of each product is 1,000 units. Find out the product mix to yield maximum profit.

  1. Total sales in value is limited
  2. Labour time is limited.
  3. Production capacity in units is a key factor.

 

18.A company sells two products A and B which are produced  in its special products

division. Sales for the year 2006 were planned as follows.

1-st Qr(units)   2nd Qr(units)  3rd   Qr (units)

 

 4th Qr(units)
Product-A

Product-B

     10,000

5,000

      12,000

4,500

      13,000

4,000

 

    15,000

3,800

 

The selling prices were Rs.20 per unit and Rs.50 per unit respectively for A and B. Average sales returns are 5% of sales and the discount and bad debts amount to 4%

Of the total sales.

Prepare sales budget for the year 2006.

 

SECTION-C

(Answer any TWO Questions  )                          (2×20=40)

19.a) Three contracts X,Y and Z commenced on 1-stJanuary ,1stjuly and 1stOctober 2006,

respectively were undertaken by ELLORA Constructions Ltd, and their accounts on 31-st Dec.

showed the following position;

     X

(Rs)

     Y

(Rs)

      Z

(Rs)
Contract price

Expenditure;

Raw material

Wages

General expenses

 

Plant purchased

Materials in hand

Wages accrued

Work certified

Work uncertified

Cash received in respect of work certified

 

 8,00,000

 

1,44,000

2,20,000

8,000

 

40,000

8,000

8,000

4,00,000

12,000

3,00,000

 

 5,40,000

 

1,16,000

2,24,800

5,600

 

32,000

8,000

8,000

3,20,000

16,000

2,40,000

 

 6,00,000

 

40,000

28,000

2,000

 

24,000

4,000

3,600

72,000

4,200

54,000

 

T he plant was installed on the date of commencement of each contract ,depreciation

is to be taken at 10% per annum.                                                                                        Prepare the contract accounts in Tabular form and show   how they would appear in the Balance sheet as on Dec.2006.

OR

19.b)A product passes through three processes. The following details are related to the

processes during-Dec-2006.

 

     Total Process-I Process-II Process-III
Materials(Rs)

Labour (Rs)

Production overhead (Rs)

Output (units)

Normal loss (%-of input)

Scrap value

      5,625

7,330

7,330

—

—

—

       2,600

2,250

—

450

10

2

 

 

      2,000

3,680

—

340

20

4

     1,025

1,400

—

270

25

5

 

 

 

500 units @Rs.4 per unit were introduced in process-I. Production overhead is absorbed in the ratio of labour.

Prepare process accounts and abnormal loss and abnormal gain accounts.

 

20.a) From the following particulars , prepare a cash budget for 6 months .

Months Total sales

Rs

 Materials

Rs

   Wages

Rs

 Production over

head

Rs

 Selling and

Dist.overhead

Rs
Jan

Feb

March

April

May

June

 

   20,000

22,000

24,000

26,000

28,000

30,000

   20,000

14,000

14,000

12,000

12,000

16,000

     4,000

4,400

4,600

4,600

4,800

4,800

      3,200

3,300

3,300

3,400

3,500

3,600

 

       800

900

800

900

900

1,000

Cash balance on 1-st jan. was Rs.10,000. A new machine is to be installed at Rs.30,000 On credit, the amount to be repaid by two equal instalments in March and April.

 

Sales commission at 5% on total sales is to be paid within the month following actual

Sales.Rs.10,000 being amount of 2nd call may be received in march. Share premium                     amounting to Rs.2,000 is also obtained with 2nd call.

 

Period of credit allowed by suppliers-2 months

Period of credit allowed to customers-1 month.

Delay in payment of overheads-1month.

Delay in payment of wages-1/2 month.

Assume cash sales to be 50% of the total sales.

(OR)

20.b) J& co is planning to invest in a project which requirea a capital outlay of

Rs.4,00,000. Forecast for annual income after depreciation but before tax is as

Follows.

 

 

     Year          Rs
       1

2

3

4

5

    2,00,000

2,00,000

1,60,000

1,60,000

80,000

Depreciation may be taken as 20% on original cost and taxation at 50% of net income.

You are required to evaluate the projects according to each of the following methods.

  1. Pay- back period b) Rate of return on original investment c)Rate of return on average investment d)Discounted flow method taking cost of capital at 10%.
  2. Excess present value method.

 

Note;

The discount factor at 10% for the first 5-years are ; 0.909, 0.826,0.751,0.683 and

0.621.

 

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