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 Cost and management accounting Question
02-08-2011, 10:18 PM
Post: #1
 farheen Junior Member Posts: 1 Joined: Feb 2011 Reputation: 0
Cost and management accounting Question
I m facing a lot of difficulty in cost and management accounting.
I need some help .
The people who are doing ACMA can help me very well.

plz give the answers of following with correct calculation .

1-Ãclair Ltd manufactured three products,JP,1,JP2,JP,3 with the following cost of raw material 10,000 kg ,cost Rs. 24,000 and conversion cost is Rs. 28,000.

Out-Put----------- Production,Kg------sales price, per Kg
JP,1----------------- 4,000----------------11
JP,2------------------3,000 ---------------10
JP,3------------------1,000.---------------26

Process costs are apportioned on a sales value basis.
Required What was the apportioned cost for JP1.

#9658; Rs. 22,880
#9658; Rs. 15,600
#9658; Rs. 13,520
#9658; Rs. 52,000

2-Production cost budget is based on which of the following cost?
#9658; Market value
#9658; Predetermined cost
#9658; Future value
#9658; Fair value

3-A contract will be rejected in which of the following condition?
#9658; If it reduces the contribution margin
#9658; If it increases the contribution margin
#9658; If it reduces the fixed cost
#9658; None of the given options

4-Which of the given budget tells the financial effects?
#9658; Production budget
#9658; Production cost budget
#9658; Sales budget in units
#9658; None of the given options

5-If you are currently employed as a cost & management accountant in manufacturing company and you are also thinking over to start your own business. In considering whether or not to start your own business, your current salary level would be
#9658; A sunk cost
#9658; An incremental cost
#9658; An irrelevant cost
#9658; An opportunity cost

6-Original budget at normal capacity Rs. 80,000 and Flexible budget at actual capacity Rs. 63,400. Identify the Volume Variance with the help of given data.
#9658; Rs. 16,600 Favorable balance
#9658; Rs. 16,600 Unfavorable balance
#9658; Rs. 143,400 Favorable balance
#9658; Rs. 143,400 Unfavorable balance
02-09-2011, 01:28 AM
Post: #2
 Information Consultant Senior Member Posts: 311 Joined: Jul 2010 Reputation: 0

do u have recd ans of ur query ? if not pls contact me at faisal@ic-infocon.com
02-09-2011, 04:17 AM
Post: #3
 Muhammad Ali Khatri Junior Member Posts: 4 Joined: Jan 2011 Reputation: 0

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by farheen</i>
<br />I m facing alot of difficulty in cost and management accountung.
I need some help .
The people who are doing ACMA can help me very well.

plz give the answers of following with correct calculation .

1-Ãclair Ltd manufactured three products,JP,1,JP2,JP,3 with the following cost of raw material 10,000 kg ,cost Rs. 24,000 and conversion cost is Rs. 28,000.

Out-Put----------- Production,Kg------sales price, per Kg
JP,1----------------- 4,000----------------11
JP,2------------------3,000 ---------------10
JP,3------------------1,000.---------------26

Process costs are apportioned on a sales value basis.
Required What was the apportioned cost for JP1.

#9658; Rs. 22,880 [)]
#9658; Rs. 15,600
#9658; Rs. 13,520
#9658; Rs. 52,000

2-Production cost budget is based on which of the following cost?
#9658; Market value
#9658; Predetermined cost [)]
#9658; Future value
#9658; Fair value

3-A contract will be rejected in which of the following condition?
#9658; If it reduces the contribution margin
#9658; If it increases the contribution margin
#9658; If it reduces the fixed cost
#9658; None of the given options [)]

4-Which of the given budget tells the financial effects?
#9658; Production budget
#9658; Production cost budget
#9658; Sales budget in units
#9658; None of the given options [)]

5-If you are currently employed as a cost & management accountant in manufacturing company and you are also thinking over to start your own business. In considering whether or not to start your own business, your current salary level would be
#9658; A sunk cost
#9658; An incremental cost
#9658; An irrelevant cost
#9658; An opportunity cost [)]

6-Original budget at normal capacity Rs. 80,000 and Flexible budget at actual capacity Rs. 63,400. Identify the Volume Variance with the help of given data.
#9658; Rs. 16,600 Favorable balance [)]
#9658; Rs. 16,600 Unfavorable balance
#9658; Rs. 143,400 Favorable balance
#9658; Rs. 143,400 Unfavorable balance

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