Assignment Questions -
1. Determine how cost accounting is useful in the decision making?
2. Awasthi Manufacturing Limited had total sales of 20,000 in May 2012, their total fixed cost was 10,000 and their total units manufactured were 1000 with a variable cost of 2 per unit. Analyze the company's situation on the basis of BEP and margin of safety
3. The P/V ratio is 40% and the marginal cost of the product is 60. Determine the selling price also determine the new P/V ratio when the marginal cost is reduced to 50.
4. A company has three zones and their summarized details are given below:
|
Zones
|
North
|
South
|
East
|
|
Sales
|
9,00,000
|
4,50,000
|
6,00,000
|
|
Zonal expenses (Salaries, commission, and travelling)
|
45,000
|
93,000
|
41,000
|
|
Advertisements
|
5,000
|
20,000
|
25,000
|
|
Other expenses
|
1,000
|
4,500
|
2,000
|
Head office expenses: 13,000 to be apportioned to the zones on the basis of sales. Gross profit is 20% of the sales. Based on the given information prepare a comparative profit and loss statement for the different zones. Offer your view on the loss making zone and also state whether it should be closed down. Also, state the role of head office allocation expense in the loss making zone.
5. Comment on: "While setting the standard costs, different elements of costs are considered."
6. Pritam limited wishes to compute their sales variance for the month of August. Advise them on the value method and the profit method of computing sales variance.
7. The board of directors of Seema Enterprises wants you to prepare their Master budget for the next year. Explain the steps that you will follow to prepare it.
8. Ganesh Limited wants to control their cost as a part of cost accounting. Advise them on the steps in cost control.
9. Shital Limited wants to measure its divisional performance. Advise them on the techniques for Divisional Performance Measurement.
10. Comment on methods of transfer pricing and Arm's Length Principle in transfer pricing.
11. Explain in detail how management accounting differs from cost and financial accounting
12. Vikram Limited manufactures its own parts and components required for the main product. The standard wage rate is 6per unit. Variable manufacturing overheads are 4 per unit and the raw material cost per unit is 12. Fixed costs are 1, 00,000. Total units manufactured are 1,000. If the company considers an option of buying the components readymade from outside they will have to pay 30 per unit Selling price per unit 45 what should be the company's decision?
13. Calculate the material mix variance using the following information:
|
Material
|
Standard
|
Actual
|
|
Alpha
|
130 units at 6 each
|
145 units at 6 each
|
|
Beta
|
80 units at 9 each
|
95 units at 10 each
|
14. Question: Infra Limited has provided you with the following details:
|
Particulars
|
Units produced = 4000 Per unit cost
|
|
Materials
|
60
|
|
Labor
|
40
|
|
Variable overheads
|
15
|
|
Fixed overheads (4,00,000)
|
100
|
|
Selling expenses (25% fixed)
|
5
|
|
Distribution expenses(40% fixed)
|
6
|
|
Administrative expenses
|
3
|
Prepare a budget for production of:
1) 4000 units
2) 6000 units
Assume administrative expenses are fixed for any level of production.
15. Distinguish between total cost method and market price method of transfer pricing
16. Explain in brief the various indicators of WCM.
17. What tools should companies use to attain world class manufacturing?
18. Explain the kaizen implementation methodology.
19. Describe the different types of Flexible Manufacturing Systems.
20. What are the thinking process tools that firms would employ for problem re-structuring and decision making?
21. Explain the concept of Big Q and Little Q. State the differentiating factors with respect to products, processes, and industries related to content of Big Q and Little Q
22. Describe each element of Eight dimensional model for TQM in brief?
23. What is the meaning Quality Function Deployment? Discuss the phases of QFD.
24. Explain the concept of Design for Six Sigma (DFSS) In detail and outline its process.
25. Explain the meaning of a project charter and the elements that are included in it.
26. How can an automobiles manufacturing company focus on value added manufacturing?
27. Explain in brief the various types of manufacturing flexibility.
28. Explain the concept of Juran Trilogy in detail. Use appropriate examples?
29. Explain the various titles given to Six Sigma practitioners.
30. Explain in detail the three problems faced by an organization in handling multiple projects that can be reduced or eliminated using portfolio management?
31. Describe the various skills required for a Project Manager to be successful in handling different types of projects.
32. Calculate the forward path and backward path of the given network diagram below
33. Elaborate the different types of project termination in detail. Also, explain the project termination process.
34. Explain the benefits of ERP in detail.
35. Explain in brief the various ERP transition strategies
36. Explain the future scenario of ERP.
37. Explain the breakthrough reengineering model in detail?
38. Explain the relationship between benchmarking and BPR in detail.
39. Explain in detail the three problems faced by an organization in handling multiple projects that can be reduced or eliminated using portfolio management?
40. Explain the various alternatives for accelerating project completion.
41. What do you understand by the term "Project Auditing"? What are the different steps involved in project auditing? Describe each one in detail
42. Explain the different ERP Modules
43. Explain the different enablers of BPR in manufacturing
44. Explain the different phases in BPR.
45. Explain the conventional decision making process in detail.
46. What does the term 'strategic intent' mean according to Hamel and Prahalad? Also, explain the hierarchy of strategic intent in detail.
47. Explain a resource-based approach to organizational analysis?
48. What do you understand by diversification strategies?
Why is it required?
Explain its different types.
49. Explain and state your opinion on whether Indian companies should regionalization strategies?
50. The internet calling service Skype was sold off by EBay." What strategy has been used in this context? Explain.
51. Name some organizations from service sectors that follow the differentiation Strategy?
52. If you are a manager of Micromax company, what strategy will you implement to increase the market value of smart phones/tabs and also mention the Strategies followed by other competitors?
53. How do you think that the leadership theories will help strategists in implementation of leadership? Does the style of leadership to be implemented, change with the change in situation? Evaluate.
54. Why do you think that while the strategies of the retailer giant "Wal-Mart" have been successful with the China, American and Canadian markets, it failed in Markets like Japan, Korea and Germany?
Where do you feel that Wal-Mart lacked during its strategic evaluation and control processes? Express your views.
55. According to the sequence of designing of a business plan. Design a business plan for a restaurant setup.
56. How is balance scorecard model helpful in objective-setting?
57. What do you understand by Forecasting? Explain in detail, how the synthesis of external factors is carried out.
58. Use the example of a fictional or real company to explain Organizational Life Cycle.
Attachment:- Assignment File.rar