MCO-05: Accounting of Managerial Decisions – MCOM Solved Assignment 2021-22

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Master in Commerce – MCOM Second Year Solved Assignments for January 2022 and July 2021 Admission Cycles

MCOM Tutor Marked Solved Assignment

Course Code : MCO – 05
Course Title : Accounting of Managerial Decisions
Assignment Code : MCO-05/TMA/2021-22
Coverage : All Blocks

Following are the questions of MCO – 05-Accounting of Managerial Decisions of IGNOU – MCOM Second Year Assignment for 2021-22 session. To download answers of all the questions of this assignment in English click on the question, subject to availability of answer, you can view or download the answer there.

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Question 1. (a) Distinguish among variable, fixed and semi-variable costs. Why is this distinction important?
Question 1. (b) How cash flow statement is different from income statement? What are the additional benefits to different users of accounting information from cash flow statement?

Question 2. (a) What do you understand by zero base budgeting? How is it different from traditional budgeting?
Question 2. (b) “Responsibility accounting is a responsibility set-up of management accounting”. Comment.

Question 3. Information regarding Sanjeev Ltd. is as follows:

Sales 6,00,000
Less : Variable costs 4,50,000
Contribution 1,50,000
Less : Fixed costs 90,000
Profit 60,000
You are required to calculate:
(a) Break-even point
(b) P/V Ratio
(c) Profit on sales of` 9,00,000
(d) Sales required to each a profit of 90,000
(e) Margin of safety

Question 4. (a) What do you mean by accounting reports? What are the different types of reports for internal use?
Question 4. (b) Explain the significance of Profit-Volume ratio, Margin of Safety and Angle of Incidence?

Question 5. Following are the summary of cash transactions extracted from the books of AB Ltd.:
Balance on 1-07-2016 35,000
Receipts from customers 27,83,000
Issue of shares 3,00,000
Sale of fixed Assets 1,28,000
Payments to suppliers 20,47,000
Payment for fixed assets 2,30,000
Payments for overheads 1,15,000
Salaries 69,000
Income-Tax 2,43,000
Dividends paid 80,000
Repayment of Bank Loan 2,50,000
Prepare a cash flow statement of the company for the year ended 30th June, 2017 in accordance with AS-3 (revised) by direct method.