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Section-A

problem1) What do you understand by Reporting? How is it useful as a control system?

problem2)(a) What is a 'Balanced Score Card’? Briefly discuss how the Balanced Score Card would help to overcome some of the limitations identified above.

(b)  Suggest a framework for implementing a Performance Measurement System at a large manufacturing organization.

problem3) What do you mean by budgetary control system? Describe the process of budgetary control in the organization.

problem4)(a) Describe the implications of Corporate Strategies for the design of Management Control systems.

(b) "Design and operation of control systems are significantly influenced by top management style". Comment.

Section-B

Case Study

The profit budget for the Sinduri company for January 2006 was as follows:

Standard cost per unit
                                                                                (Rs.000)
Sales                                                                         Rs.2500
Standard cost of sales                                                    1620
Gross profit                                                                      880
Selling expenses                                     Rs.250   
Research and Development expenses          300   
Administrative expenses                              120   
Total expenses                                                                  670
Net profit before taxes                                                   Rs.210

The product information used in developing the budget was as follows:

                                           P            Q              R              S
Sales units (000)              1000         2000       3000        4000
Price per unit                    Rs.0.15      Rs.0.20   Rs.0.25    Rs.0.30
Standard cost per unit               
Material                               0.04          0.05        0.06        0.08
Direct labour                        0.02          0.02        0.03        0.04
Variable overhead                 0.02         0.03        0.03         0.05
Total Variable cost                0.08          0.10         0.12        0.17
Fixed overhead (Rs.000)        20             60           60           160
Total Standard cost per unit    0.10         0.13        0.14         0.21

The actual revenues and costs for January’2006 were as flows:

                                                                                              (Rs.000)
Sales                                                                                       Rs.2160
Standard cost of sales                                                                  1420
Net standard cost of variances                                                        160
Actual cost of sales                                                                       1580
Gross profit                                                                                    580
Selling expenses                                       Rs.290   
Research and Development expenses            250   
Administrative expenses                                110   
Total expenses                                                                                650
Net loss                                                                                   (-) Rs.70

                                            P                Q                 R              S
Sales (units)                      1000           1000            4000         3000
Sales Price                       Rs.0.13        Rs.0.22        Rs.0.22      Rs.0.31
Production                           1000           1000            2000          2000
Actual manufacturing cost (000) :               
Material                     Rs.360               
Labour                           200               
Overhead                       530

Prepare an analysis of variance between actual profits and budgeted profits for January 2006.

Management Theories, Management Studies

  • Category:- Management Theories
  • Reference No.:- M93197

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