Description
Master of Commerce (M.Com)
First Semester Assignments 2026
For January 2026 and July 2026 admission cycle
TUTOR MARKED ASSIGNMENT
Course Code : MCO – 05
Course Title: Accounting for Managerial Decisions
Assignment Code MCO & 05 /TMA/2026
Attempt all the questions.
1.a)Why accounting practices need be standardized? What progress has been made in India regarding standardization of accounting?
b) The following figures have been obtained from the cost records of a manufacturing company for the year 2002:
Q2Assuming that in 2003 the rate for factory overheads went up 20%, distribution charges went down by 10% and selling and administration charges went up by 12.5%, at what price should the product be quoted so as to earn the same rate of profit on the selling price as in 2002. Show the full workings. Factory overheads are based on direct wages while administration, selling and distribution expenses are based on factory cost.
Q3 a) What are the financial statements? How far are they useful for decision making purposes?
b) Why do accountants prepare a budget for a period that is already over when we know the actual results by then? Explain.
Q4 From the following particulars compute leverage ratios:
a) “Calculation of Variances in standard costing is not an end itself, but a means to an end” Discuss.
b) Discuss a few basic differences between “cash” concept of funds flow statement and “working capital” concept of funds flow statement.
Q5 Distinguish between the following :
a) Cash Flow Analysis and Fund Flow Analysis
b) Standard Costing and Budgeting
Q6 Write short notes on the following :
a) Responsibility accountingb) Managerial Uses of Marginal Costing
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