NMIMS ASSIGNMENTS -Arunima, Nishita, Shanaya and Komal are homemakers

NMIMS ASSIGNMENTS-AMMI Ltd presents following information for Dec,2018

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Cost and Management Accounting

NMIMS MBA APRIL 2019 SOLVED ASSIGNMENTS

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NMIMS MBA SOLVED APRIL 2019 ASSIGNMENTS

Question 1

AMMI Ltd presents following information for Dec,2018-

Budgeted production of product A = 20000 units

Standard consumption of raw material S= 5 kg per unit of A

Standard price of material S = Rs 10 per Kg

Actually, 22000 units of product A was produced and material S was purchased at Rs12 per kg and consumed at 5.2 kgs per unit of A.

Calculate the material cost variances and discuss the results. (10 Marks)

Question 2

You have decided to start up a venture for manufacturing gel pens. You plan to discuss the term cost and the essential elements of cost with your partner so as to find the suitability of various costs that can be incurred during the production. Design a presentation to discuss the same with the relevant examples. (10 Marks)

Question 3

Bhakti Ltd provides you the following information in relation to the year 2016-17 and 2017-18

2016-17

2017-18

Opening Stock(units)

100

500

Production (units)

1500

1800

Fixed Cost

Rs 1lacs

Rs 1.5 lacs

Variable Cost

120000

250000

Sales(units)

1900

1100

Selling price (Rs/ per unit)

500

700

Closing Stock( units)

200

500

Calculate the net profit and value of closing stock, using –

a. FIFO basis (5 Marks)

b. LIFO basis

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