MCO-5 EM 2024 SOLVED ASSIGNMENT

Description

TUTOR MARKED ASSIGNMENT
Course Code : MCO – 05
Course Title : Accounting for Managerial
Decisions
Assignment Code : MCO & 05 /TMA/2024
Coverage : All Blocks
Maximum Marks: 100
Attempt all the questions.
Q. 1 Briefly explain the accounting concepts which guide the
accountant at the recording stage.
(20)
Q. 2 Distinguish between the following :
a) Product cost and Period cost
b) Controllable and Uncontrollable cost
c) Variable and Fixed costs
d) Direct and Indirect costs
(4×5)
Q. 3 Write short notes on the following :
a) Sales Budget
b) Material Budget
c) Production Cost Budget
d) Overhead Budget
(4×5)
Q. 4 Write a detailed note explaining the advantages and limitations of
Standard Costing.
(20)
Q. 5 Explain the different types of the reports that are used in an
enterprise.