MGT 402 current solved paper final term
mc100202522 Sajid Iqbal
●●Binish_Awais●●
Mgt402 _fall-2011_papers by
Binish Awais
1st paper
Subjective questin
total marks =91
62 mcqs thy n 4 question 5 marks n 3 questn 3 marks k
Your Company regularly uses material X andcurrently has in stock 500 Kg for which it paid Rs. 1,500 two weeks ago. If this ever to be sold as raw material, it could be sold today for Rs. 2.00 per Kg. You are aware that the material can be bought in open market for Rs. 3.25 per Kg but it must be purchased in quantities of 1,000 Kg. What would be the relevant cost for material X?
Cost of purchase = 1500
Cost as of toady 2*500= 1000
Cost in open market 3.25*500=1625
Relevant Cost 1625-1000=625
Question No: 53 ( Marks: 5 )
Classify the following expenses asFinancial or Administrative expense by filling the appropriate boxes?
|
Expenses |
Nature of expense |
|
Salaries of employee |
|
|
Interest paid on debts |
|
|
Utility Bills |
|
|
Depreciation of office equipment |
|
|
Interest paid on debentures |
|
Solution:
|
Expenses |
Nature of expense |
|
Salaries of employee |
Admin |
|
Interest paid on debts |
Financial |
|
Utility Bills |
Admin |
|
Depreciation of office equipment |
Admin |
|
Interest paid on debentures |
Financial |
Garrett Company sells hand-crafted furniture. One item it sells is a small table that sells for Rs.30 per unit. The variable costs related to the table, including product and shipping costs, are Rs. 18 per unit. Total fixed costs for the company are Rs. 60,000. Assume the tables are the only product the company sells this year and draw a CVP graph to represent the company’s sales and expenses. From this graph, compute the approximate breakeven point in rupees and units.
2nd paper
Sale Price = 30
Variable cost = 18
Contribution margin = 12
Break even in unit = 60,000 / 12 = 5000
Break even in rupees = 5000 x 30 = 150,
Remember me in ur pray
COST402
Total 69 qs
63 mcqs
& 6 long qs
Qs NO 1))) The Car Corporation incurs following fixed expenses per month:
|
Expense per month |
(Rs.) |
|
Salaries (Sales) |
5,000 |
|
Salaries (Office) |
850 |
|
Salaries (Executive) |
2,600 |
|
Depreciation (Factory) |
2300 |
|
Taxes (Admin) |
290 |
|
Insurance (Admin) |
450 |
|
Indirect material |
1600 |
|
Indirect Labor |
890 |
|
Total |
13,980 |
Required:
Prepare an administrative expense Budget for Car Corporation. 3 marks
QS NO 2))The little Rock Company shows fixed expenses of Rs. 12,150 and Margin of safety ratio is 25% and Break even sales is Rs. 40, 500. If contribution margin ratio is 30% what would be the actual sales? 3marks
QS NO 3 The Regal, Inc. makes 35,000 motors to be used in the production of its sewing machines. The cost per motor at this level of activity would be:
|
Particular |
Rs. |
|
Direct materials |
4.50 |
|
Direct labor |
4.60 |
|
Variable factory overhead |
3.75 |
|
Fixed factory overhead |
3.45 |
An outside supplier recently began producing a comparable motor for the sewing machine. The price to Regal for this motor is Rs. 15. If Regal decided not to make the motors, there would be no other use for the production facilities.
Required: If Regal decides to continue making the motor, how much higher or lower would net income be than if the motors are purchased from the outside supplier? 3marks
QS NO 4) An automobile manufacturing company anticipates the following unit sales during the first four months of 2008.
|
January |
20000 |
|
February |
30000 |
|
March |
25000 |
|
April |
40000 |
The company maintains its ending finished goods inventory at 70% of the following month’s sale. The january1 finished goods inventory will be 14000 units.
Required: Prepare a production budget for January through March. 5marks
QS NO 5 Distinguish between normal and abnormal loss. Explain how both should be reported for management purposes? 5 marks
QS NO 6
CA Limited manufactures a single product and has drawn up the following fixed budget for the year:
|
|
60% |
70% |
80% |
|
Direct material |
120,000 |
140,000 |
160,000 |
|
Direct labor |
90,000 |
105,000 |
120,000 |
|
Production overhead |
54,000 |
58,000 |
62,000 |
|
Other Fixed overhead |
40,000 |
40,000 |
40,000 |
|
Total |
304,000 |
343,000 |
382,000 |
What would be the total cost in a budget that is flexed at 77% level of capacity?
A company sells a single product. It is estimated that product will generate revenue of Rs. 500,000 with the contribution margin of Rs. 275,000. Fixed costs are budgeted at Rs. 80,000 for the month
Required: Calculate Break Even sales in Rs. with the help of given data 5 marks
please shere mgt402 current solved paper now i am going to attemp this paper today please help me out i realy need it thanks for your cooperation.
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