NMIMS - Cost & Management Accounting

Get fully solved assignments.

For queries mail us at: subjects4u@gmail.com or contact at

08894344452, 08728863595

NMIMS

School for Continuing Education (NGA-SCE)

Master of Business Administration - MBA Semester 3

Cost & Management Accounting

Q1. Given the slowdown in the auto sector, Fast Automobile company, a car manufacturing company wants to go in for an overhaul of its operations. The Management wants to review the cost of all its product lines i.e. types of cars it has in various segments and the way they value their closing stock given the inventory pile up, to take some strategic decisions.

The Management accountant is asked to prepare a summary of costs to enable the top team to decide which product to manufacture, discontinue some segments etc.

What are the various types of ways the Management accountant can classify the costs by Management decisions. Describe any 5. Also, discuss the different ways in which the company can value its closing stock?

(10 Marks)

Q2. Traditional Managerial accounting was all about managing costs whereas Management accounting has undergone a sea change, given the change in the overall Global environment. Discuss and describe in relation to the following -

Ø  Growth of E-Commerce and e-business. Share at least 2 practical examples.

Ø  Focus on cross-functional Groups

Ø  Total Quality management concept

How these impacted global management accounting practices

(10 Marks)

Q3. Fancy Bag company purchases Ladies Bags from a wholesaler @ Rs 1100/- per piece. They add accessories and packaging and sell each bag for Rs 1800/- per piece. They incur certain fixed expenses.

The company wants to understand how many pieces they must sell in order to be profitable.

They seek the help of a Management accountant to:

a. Ascertain Contribution per piece and as a % of Sales Price (5 Marks)

b. Prepare the Profit / Loss account for sale of 200 pieces 300 pieces

Details provided:

Purchase Cost                  1100 per pc

Sale                                    1800 per pc

Expenses Per Month

Rent                                  50000

Staff Salary                      75000

Commission per pc        100

Get fully solved assignments.

For queries mail us at: subjects4u@gmail.com or contact at

08894344452, 08728863595