Attempt all the problems
problem1) “Management Accounting is concerned with accounting information that is useful for management.” Describe. And also illustrate the functions and limitations of Management Accounting.
problem2) describe cash-flow statement. Describe the goal of preparing the cash-flow statement. Differentiate between investing activities and financing activities.
problem3) “Projected balance-sheet method of cash budget is the most appropriate for forecasting long-term cash requirement”. describe.
problem4) Compute Material Variances from information given in the table below:
problem5) Determine the following from the following information:
(a) P/V Ratio
(c) Profit for sale of Rs. 12,00,000
(d) Margin of Safety from sale of Rs. 12,00,000
(e) Necessary sales to earn a profit of Rs. 2,80,000
(f) Extra sales needed to cover increase of Rs. 12,000 p.a. in Sales Manger salary Position of Raghu Ltd. for the year 2011 is as follows:
Less: Variable Cost 6,00,000
Less: Fixed Costs 60,000
Net Profit Rs.1,40,000