TUTOR MARKED ASSIGNMENT
Course Code : MCO – 05
Course Title : Accounting of Managerial Decisions
Assignment Code : MCO– 05/TMA/2016-17
Coverage : All Blocks
Maximum Marks: 100
Attempt all the questions.

1. “Balance Sheet is a statement of assets and liabilities or sources and uses of capital or both.” Explain this statement.

2. How does Cash Flow Statement differ from Fund Flow Statement? Explain the techniques of preparing a cash flow statement.

3. What do you mean by budgeting? Mention different types of budgets that a big industrial concern would normally prepare.

4. The detail about the composition and the weekly wage rate of labour force engaged on a job scheduled to be completed in 30 weeks are as follow:

Category of workers No. of Labourers Standard weekly wage rate Actual no. of Labourers Actual weekly wage rate Skilled 75 60 70 70 Semi-skilled 45 40 30 50 Unskilled 60 30 80 20 The works get completed in 32 weeks. Calculate the labour variances.

5. Comment upon the following statements:

(a) Fixed cost per unit does not remain constant.

(b) P/V ratio can not be improved by reducing the selling price.

(c) Fixed costs are taken into account for differential cost analysis.

(d) Accounting is not concerned only with the recording of transactions