M.B.A. III Semester Supplimentary Examinations, Apr/May 2008 COST AND MANAGEMENT ACCOUNTING ---Time: 3 hours Max Marks: 60 Answer any FIVE Questions All Questions carry equal marks

1. “Cost accounting is a system of foresight and not a post mortem examination, it turns losses into proﬁts, speeds up activities and eliminate wastes”. Comment. 2. Discuss brieﬂy various methods of secondary distribution of overheads with examples. 3. From a natural material four products are synthesized - three in a crude state and one as a by-product. The crude products are further reﬁned which costs Rs. 2.00, Rs. 1.6 and Re. 1.00 per kg of output respectively. The selling prices are ﬁxed at Rs.6.00, Rs. 4.50, Rs. 3.50 and Re. 0.50 per kg. respectively to a yield a proﬁt margin of 20 per cent on selling price. During a costing period the production of these four products is 8,000 units, 5,000 units and 6,000 units of the reﬁned products and 2,000 units of the by-product. Find the actual proﬁtability of each reﬁned product as a percentage on the selling price, if the joint costs total Rs. 50,800. 4. Discuss the importance of the following terms in relation to marginal costing (a) Key factor of production (b) P/V ratio (c) Break-even point (d) Margin of safety 5. What is contribution analysis ? Explain its signiﬁcance in cost volume proﬁt analysis. 6. Discuss the limitations of budgetary control system. 7. What is meant by variance analysis? Discuss about various types of variances. 8. What do you understand by Cost audit? Explain the scope of cost audit.

...1. Introduction
An organization’s operations function is concerned with getting things done i.e. producing goods and/or services for customers. Effectively, the main objective of the operations function is to produce those goods and services required by customers whilst managing resources as efficiently as possible.
2. RELATINSHIP WITH OTHER ORGANIZATIONAL FUNCTIONS
The operations function lies at the heart of any organization and...

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The Order of Operations is not one of the hardest, nor is it one of the easiest things that you will have to learn in Algebra and other mathematical classes. To begin in learning the Order of Operations, you must follow the steps, hence the "order" of the operation. To start off, the first step would be to do anything that is inside of grouping symbols ([ ], ( ), { }). Next you would have to do powers from the left to the right (9 squared)....

... Operation Assignment
Name: HongYu Qiao ID: B332898
The operation network of Tesco in UK are the largest within the Group, with over 3300 stores and 310,000 colleagues. Tesco has been trying to build a better supermarket in the UK and deliver the things that matter to their customers—great service, range, quality and great value.The key factors for Tesco to success...

...environment, where competition reaches outstanding levels and variables such as consumer demand are increasingly more difficult to analyze and predict, it all comes to the abilities of managers to keep their companies successful. CEO’s, marketing and operations managers, they all play a vital role in the profitability of their companies, no matter if they are small regional companies or large multinational corporations.
Since the start of the economic crisis in 2008, all...

...Grading
2 points each
1- The feasible solution space only contains points that satisfy all constraints.
2- Graphical solution to linear programming problems can handle problems
that involve any number of decision variables.
3- The value of an objective function decreases as its iso-objective line is moved
away from the origin.
4- If a single optimal solution exists to a graphical LP problem, it will exist at a
corner point.
5- Using the enumeration approach, optimality is...

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Operation Management Assignment
Liu Zhenya(Harry)
2014.2.26
Words[1724]Question1: Why is operations management important in this company ?Operations management refers to the administration of business practices to create the highest level of efficiency possible within an organization. Operations management is concerned with converting materials and labor into goods and services as efficiently as possible to maximize the profit of an...

...Homework Assignment 2 Solution
Question 1: (True / False) (20 Points)
Answer this question in a table with the question number and the selected answer (True or False) in separate columns as shown below.
Question Number
Answer
1
2
…
10
Grading
2 points each
1- The feasible solution space only contains points that satisfy all constraints.
2- Graphical solution to linear programming problems can handle problems that involve any number of decision variables.
3-...

...Operational Management
Operations management is defined as a systematic transformation process that converts a set of inputs into useful outputs.
1.1 Definitions:
An operations system is defined as one in which several activities are performed to transform a set of inputs into a useful output using a transformation process. These inputs and outputs can be tangible, as in the case of raw materials and physical products, or intangible, as in the case of...