Tribhuvan University

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1 Tribhuvan University Faculty of Management Model Question BBA/BIM /4 th Semester/Cost and Management Accounting F.M.: 60 Time: 3 Hrs. P.M.: 27 Candidates are required to give answers in their own words as far as practicable. The figures in the margin indicate full marks. Attempt ALL Questions Group "A" Brief Answer Questions (2x5=10) 1. Differentiate between product and period cost. 2. A manufacturing Company s cost structure at two different levels of outputs are: Output (Units) Total Cost (Rs.) Cost for 600 units 3. The following information is provided: Economic order quantity= 600 units Annual requirement of raw material= units Cost per unit= Rs.20 Carrying cost is 10% of inventory value Ordering cost per order 4. A worker working 18 hours gets Rs.380 under Halsey Plan. The time rate of wages is Rs.20 per hour. Total wages under Rowan Plan 5. The following overheads are extracted from the company: Electricity Rs Depreciation Rs Other details are: No. of light points Assets Value (Rs.) Department X Department Y Total overhead of department X and Y. Group "B" Short Answer Questions: (4x5=20) 6. Management accounting is concerned with accounting information, which is useful to the management, explain.

2 7. A company has installed capacity of 25,000 direct machine hours (DMH) the production and sales volume at present have given below: Production and sales in unit: 70,000 units Cost of producing one unit: Direct material Rs.8 Direct labor 0.5 hours Rs.6 Manufacturing overhead 0.25 DMH Rs.5 Total cost Rs.19 Selling price per unit: Rs.20 Budgeted fixed overhead at capacity volume: Rs.200, 000 The company received an offer to supply 40,000 units at a price of Rs.16 per unit. a. Differential cost analysis to decide whether the company should or should not accept the offer. b. The opportunity cost if the company accepts the offer. 8. A manufacturing company had the following relevant information: Direct Material = Rs.6 Direct Labour = Rs.6 Variable Manufacturing Cost per Unit = Rs.5 Selling Price per Unit = Rs.30 Fixed Manufacturing Overhead per Unit Rs.5 Fixed Selling Expenses Rs Variable Selling Expenses Rs.6 % of Sales Normal Capacity = units Year 1 Year 2 Production Units Sales Units a. Income Statement under variable costing system for year 2. b. Profit from absorption costing system without preparing income statement. 9. The following information of a manufacturing company is provided: Standard: Material Quantity Standard Price per kg X 300 kg Rs.9 Y 700 kg Rs.10 Actual: Material Quantity Actual Price per kg X 350 kg Rs.8 Y 650 kg Rs.11 Standard Loss is 10% and Actual output is 950 kg Different Material Variances Group C Comprehensive Answer Question (1x30=30)

3 10. The Financial Statement of XYZ Company on 31 st December, 2014 is: Balance Sheet As on 31 st December, 2014 Liabilities Rs. Assets Rs. Share Capital Fixed Assets Account Payable Investment Accrued administration Account Receivable expenses Inventories Net Profit Cash Balance Total Total Gross profit averages 40% of sales. The company has a policy of maintaining sufficient inventory to meet the next month s sales need. Experience shows that all purchases are paid in the next month of purchase. The actual and budgeted sales for different months are as follows: Months Sales (Rs) November (Actual) December (Actual) January (Budgeted) February (Budgeted) March (Budgeted) April (Budgeted) % sales are for cash. Out of credit sales, 50% are collected in the month of sales, 30% in the next month of sales and remaining is collected next following month of sales. Administrative expenses will be 15% of sales which will be paid next month. Selling expenses are 10% of sales which is payable in the same month. Company is going to purchase furniture and investment at the beginning of the January costing Rs and Rs respectively. The company will pay interim dividend of Rs at the end of March. The company keeps minimum cash balance of Rs If the cash is not sufficient, the company can borrow from bank in the multiple of Rs.5000 with 12% interest per annum on loan paid. All the repayments are made in the multiple of Rs.2000 and the interest will be paid in the multiple of Rs.100. Depreciation rate per year is 10%. a. Merchandize Purchase Budget for three months ending March (5) b. Selling and Administrative Expenses Budget for three months ending March (2) b. Cash Budget for three months ending March (8) c. Budgeted Income Statement up to March (4) d. Budgeted Balance Sheet at the end of the Marche (4) e. Total fixed and total variable costs (2) f. Breakeven sales in Rs. (3) g. Sales required to earn after tax profit of Rs if tax rate is 30% (2) *****

4 TRIBHUVAN UNIVERSITY Faculty of Management Model Question BBM 4 th Semester: Cost and Management Accounting Candidates are required to give their answers in their own words as far as practicable. F.M.: 60 Time: 3 Hrs. P.M.: 27 Attempt ALL Questions: Group A Brief Answer Questions: (6 x 1 = 6) 1. Define opportunity cost. 2. Write in brief any two objectives of cost accounting. 3. What is flexible budget? 4. The following data are given Variable cost per unit = Rs.6 Fixed cost =Rs.5,000 Cost for 1,000 units by Y = a + b X 5. The data related to labour are given: Standard time = 15 hours Rate per hour = Rs.10 Time taken = 12 hours Bonus under Rowan Plan 6. The annual requirement of a particular product is 60,000 units, the ordering cost per order is Rs.100 and carrying cost per unit is Rs.2 Total cost at EOQ Group B Short Answer Questions: (6 x 3 = 18) 7. What are the assumptions under cost volume profit analysis? 8. Differentiate between relevant cost and irrelevant cost. 9. The flexible budgeting data regarding a manufacturing company are presented below: Flexible Budgeting Formula = Fixed Cost + Unit Variable Cost x Units = Rs.90,000 + Rs.2 per hour x hours worked

5 Other Data: Normal Capacity hours 30,000 Hours Worked 32,000 Hours Produced 28,000 Total Overhead Expenses Rs.155,000 Capacity and Efficiency variances 10. A Company manufacture a single product; the operating data for period is given below Production Units = 2,000 units Fixed Manufacturing Cost = Rs.5,000 Sales Units = 1,500 units Fixed Selling Overhead = Rs.10,000 Prime Cost = Rs.18 per unit Variable Selling Overhead = 5% of Sales Selling Price per Unit = Rs.40 Income Statement under Variable Costing 11. The following overheads are extracted from the company: Rent Rs.20,000 Depreciation Rs.80,000 Other details are: Area Occupied (Square Ft.) Assets Value (Rs.) Department X ,000 Department Y ,000 Service Department ,000 Total overhead of department X and Y, assuming that service rendered by service department to production departments is in equal proportion 12. Pre-determined output 20,000 units with quantity specification of 40,000 kg of raw material at a cost of Rs.200,000. During the month of Ashad, 16,000 units were manufactured with raw material dispatch of 34,000 kg at a price of Rs.4.5 per kg. Material Usage and Material Price Variances Group C Analytical Answer Questions (4 x 6 = 24) 13. Management accounting provides monetary and non-monetary information, comment. 14. The objective of inventory management is to determine the optimum level of inventory, explain. 15. A company has installed capacity of 40,000 direct repair hours (DRH) the production and sales volume at present have given below: Production and sales in unit: 130,000 units Cost of producing one unit: Direct material Rs.8 Direct labor 0.5 hours Rs.6 Manufacturing overhead 0.25 DRH Rs.4 Total cost Rs.18 Selling price per unit: Rs.22 Budgeted fixed overhead at capacity volume: Rs.480,000 The company received an offer to supply 40,000 units at a price of Rs.18 per unit.

6 Differential cost analysis to decide whether the company should or should not accept the offer. The opportunity cost if the company accepts the offer. 16. Income Statement of a Limited Company is as follows: Production and Sales Units: 20,000 Sales Revenue Rs.400,000 Less: Variable Cost Rs.240,000 Contribution Margin Rs.160,000 Less: Fixed Cost Rs.100,000 Net Income before Tax Rs.60,000 a. BEP in Units and Rs. b. Sales units to earn Rs after tax, if tax rate is 40% c. Safety Margin Ratio d. Sales units to earn profit per unit of Rs.4 Group D Case Analysis (12) 17. The information needed for the preparation of master budget have been provided below: Balance Sheet at the of 2071 Liabilities Rs. Assets Rs. Share Capital 200,000 Cash at bank 30,000 Retained Earning 30,000 Inventory 120,000 12% Debenture 100,000 Account Receivable 150,000 Account Payable 120,000 Machinery & Plant 150,000 Total 450,000 Total 450,000 Sales Budget for 4 months Baishak Jestha Ashad Shrawan Budgeted sales value 200, , , ,000 Gross profit averages 40% of sales. Ending inventory of merchandize will be sales need of next month. Experience shows that all purchases are paid in the next month of purchase. 50% sales are for cash. Credit sales will be collected in the next month of sales. Selling and Administrative expenses will be 10% of sales which will be paid same month. Depreciation per month will be Rs Company will pay debenture on Jestha. Provision for tax on profit is 25%. Every month the company keeps minimum cash balance of Rs If the cash is not sufficient, company can borrow from bank at 12% interest per annum on loan paid. All the borrowings and repayments are made in the multiple of Rs a. Merchandize Purchase Budget for three months ending Ashad, 2072 (3) b. Cash Receipt and Disbursement Budget for three months ending Ashad, 2072 (6) c. Budgeted Income Statement at the end of Ashad, 2072 (3)

7 BHM II SEMESTER MODEL QUESTION Subject: Hotel Accounting : 324 Full marks: 60 Pass marks: 27 Time : 3 hrs. Candidates are required to give their answer in their own words as far as practicable. Attempt ALL question. Group A Brief Answer Questions 1x10=10 1. Explain in brief the meaning of accounting. 2. What is Accounting period concept? 3. What is Capital expenditure? 4. Mention two minor revenue generating department of hotel. 5. Mention any two reason of dishonor of cheque 6. State the meaning of City ledger. 7. State the meaning of debit note. 8. Develop the accounting equation from the following: i. Started business with the cash Rs 1, 00,000. ii. Sold goods for Rs 24,000 (cost Rs 20,000) 9. Journalize the following transactions: Jan 01 Started business with cash Rs 2, 00,000 Jan 05 purchased goods and paid by cheque Rs 10, Room revenue Rs.7,00,000 and room sold 3500 Average room rate achieve Group B Short Answer Questions 6x5=30 1. Following transactions Sunrise Trading Concern are given to you: Feb 1 Purchased from Shrestha & Bros, Kathmandu 20 Rs.1,200 each 4 dozen Rs.400 each Feb 10 Purchased from Harati furniture, Kumaripati 8 Rs.1,500 each 5 sofa Rs.5,000 each Less; 10% trade discount Feb 27 Purchased goods from Subash company for Rs on cash. a. Purchase Book b. Purchase a/c 2. Following transactions are given to you: i. Balance as per cash book Rs.80,000. ii. Cheque deposited into the bank but not shown in the pass book Rs.10,000. iii. Cheque issued for Rs.25,000 but only Rs.20,000 presented into bank. iv. Directly deposited into bank by customer Rs 5,000.

8 v. Insurance premium 1000 paid by bank. Bank Reconciliation Statement 3. Following information was given to you: Sales: Rooms Rs. 12,50,000 Bar Rs. 7,50,000 Banqueting Rs. 4,00,000 Cost of sales: Room Rs. 2,25,000 Banqueting Rs. 2,00,000 Bar Rs. 4,30,000 Salaries: Rooms Rs. 2,00,000 Banqueting Rs. 95,000 Bar Rs. 75,000 Repairs and renewals: Rooms Rs. 1,00,000 Banqueting Rs. 16,000 Bar Rs. 11,000 Other expenses Rent and rates Rs. 45,000 Gas and electricity Rs. 15,000 Laundry cleaning Rs. 25,000 Additional information Gas and electricity are to be shared Banqueting 80% and room 20%. Others expenses are to be apportioned, Banqueting 50%, Bar 20% and room 30% Departmental profit and loss a/c 4. Prepare guest ledger on the basis of following information Allowance given by the hotel Rs. 8,000 Beauty parlor Rs 200 Fresh juice Rs. 700 Mini bar Rs Dinner Rs. 5,000 Beer for Rs. 3,000 Laundry services Rs. 500 Lunch Rs. 3,000 Room rent total Rs 9, What is the function of night auditor? 6. Explain the major revenue generating department of a hotel? Group C

9 Comprehensive Answer Questions: 2x10=20 1. The Trial Balance of a Binita & company as on 31 st Chaitra, 2071 is given below: Debit Rs. Credit Rs. Opening stock 50,000 Sales 1400,000 Purchases 850,000 Loan 300,000 Wages 90,000 Capital 700,000 Salaries 200,000 Creditors 290,000 Discount 60,000 Bills payable 10,000 Cash 120,000 Building 600,000 Debtors 150,000 Machinery 400,000 Furniture 50,000 General expenses 50,000 Printing 10,000 Carriage 10,000 Bad debts 10,000 Insurance 20,000 Interest on debenture 30,000 Total 2700,000 Total 2700,000 Additional information: (a) Outstanding salary Rs.20,000 (b) Depreciate Machinery & Furniture by 10% (c) Closing stock valued Rs.150,000 (d) Prepaid wages (e) Provision for bad debts 5% (i) Trading Account (ii) Profit & Loss Account (iii) Balance Sheet 2. The balance sheet and income statement of a company ltd are as under. Liabities Assets Share Capital Plant Share Premium Investments % debenture _ Account receivable Bills payable Inventory Account payable Cash at Bank P/L Account _ 3,00,000 4,00,000 3,00,000 4,00,000 Income statement for the year 2014

10 Sales Revenue Less :Cost of goods sold Gross profit Less: Operating and other cost Debenture Interest Depreciation Loss on sale of plant (Book value 30000) Total operating cost Net income for the year Less :Dividend paid Retained earning ,000 20,000 Cash flow statement

11 Model Question for BHM 2 nd Semester ENG 203: Business Communication Attempt all the questions. 1. Punctuate the following sentences. (1*3=3) a. They ve gone replied the countess and they wont be coming back. b. The reason was obvious they could not afford the fare. c. Peter asked jennys father for all the customers address. 2. Report the following items of the direct speech using the suitable reporting word. (1*3=3) a. If I ve told you once, I ve told you a dozen times; somebody must pay for the broken windows, said the young lady. b. Please, please say you will help me, Fred said. I ll do anything you want, but please help me this once, Jane. c. Jones! said the headmaster. Pick up those papers at once! 3. Complete these sentences with correct linking words and phrases. (1*2=2) a. A discount is given to students,. to people who have a students card which is not always the same. b. The film is for adults only, people over 16 years of age. (1*2=2) 4. Arrange the following words to make sensible sentences. a. There/a/is/tall/tree/green/lovely. b. The/dinner/has/hall/plastic/small/round/six/chairs. 5. Answer these questions in brief. (6*5=30) a. Write a letter to your friend who wants to learn English language. Give your experience in language learning and explain what you think is the best way to go about it. b. Draft a text for a holiday brochure about a place where you have spent a holiday. c. Write an article about recent change in the roles of men and women in your country. d. Write a story of a competition in which you, or someone you know, took part. e. Write a memo to all the staff of a hotel suggesting ways of economizing on the use of office materials like paper, electricity, phone etc. f. Imagine that you are a BHM graduate. Write an application letter to apply for the post of Sous-Chef. 6. Answer these questions in detail. (2*10=20) a. Draft a telephonic conversation between a customer and room division manager in matters of services, facilities and accommodation reservation. b. The pie charts below show the average household expenditures in Japan and Malaysia in the year Summarize the information by selecting and reporting the main features, and make comparisons where relevant.

12 Average Household Expenditures by Major Category

13 TRIBHUVAN UNIVERSITY FACULTY OF MANAGEMENT Office of the Dean 2015 Full Marks: 60 Time: 3hrs BTTM/Second Semester/TTM 334: Tourism and Hospitality Accounting Candidates are required o the answer all the question in their own words as far as practicable. The figures in the margin indicate full marks. Attempt all question Group A Brief answer Questions: [10x1=10] 1. What is accounting? 2. What is business entity concept? 3. Give the meaning of food and beverage accounting. 4. Define financial statements in a sentence. 5. What is irrelevant cost? 6. Calculate occupancy percentage on the basis of following information: a. No. of guests 11,000 (annual) b. No. of rooms occupied 9,500 (annual) 7. The following cash flow are given for a project. Year Cash Flow (Rs) -25,000 5,000 6,000 8,000 12,000 7,000 Payback Period for project. 8. A motel operation has 70 rooms, an occupancy rate of 70%, and an average room rate of Rs The owner wants you to give an estimate of sales revenue for the month of April. What is the estimated sales revenue? 9. Calculate amount of current liabilities from the following information: a. Total current assets including stock Rs. 60,000 amounted to Rs.180,000 b. Current ratio = 3:1 10. Make the list of event planning phase management accounting tools. Group B Short Answer Questions [6x5=30] 11. Write any five differences between cost and management accounting. 12. Following are the Balance Sheets and Income Statement of a company: Liabilities Year 2013 Year 2014 Assets Year 2013 Year 2014 Share Capital Long term loan Bills Payable 2,50,000 70,000 70,000 1,50,000 50,000 60,000 Plant Investment Inventory 2,50,000 55,000 75,000 1,50,000 45,000 80,000 Profit and Loss Account 30,000 4,20,000 60,000 3,20,000 Account receivable Cash 20,000 20,000 4,20,000 20,000 25,000 3,20,000

14 Income Statement for the year 2014 Particulars Amount Amount Sales revenue Less: Cost of goods sold Gross profit Less: Operating expenses Depreciation Other expenses Net Income 30,000 20,000 30,000 2,50,000 1,50,000 1,00,000 80,000 20,000 Cash Flow Statement 13. A company has enough utilized capacity; therefore, it would like to see the possibility of manufacturing a component used in its main product. The buying cost of the component for the next year would be Rs.10 per unit. The other data have been presented below: Annual need for component 40,000 units Cost estimate for production: Direct material Rs.3 Direct wages Rs.4 Manufacturing overhead (Rs. 3 for fixed) Rs.5 Total cost Rs.12 Differential cost analysis to consider the desirability of options. 14. You are given the following information pertaining to financial statement of a firm: I. Total assets (Including preliminary expenses) Rs.2,40,000 II. Inventory: at the beginning at the end of the year Rs.80,000 Rs. 40,000 III. Days in a year 360 days IV. Gross profit (20% of sales) Rs.1,20,000 V. Average collection period 36 days a. Amount of sales b. Amount of Debtors c. Total assets turnover ratio d. Inventory turnover ratio 15. The sales forecasts relating a manufacturing company are summarized below: Months Sharawan Bhadra Aswin Kartik Sales (in units) 20,000 30,000 40,000 30,000 Selling price per unit is Rs.20. Each unit of output 2 units of raw material and each unit of raw material will cost Rs.2. The company s policy is to keep equal unit of output required for the next month s sales and uniform materials inventory of 30,000 units. Opening finished goods inventory was 20,000 units. a. Production budget for the first three months. b. Materials purchase budget for the first three months. 16. Briefly explain the users of financial statement. Group C

15 Comprehensive Answer Questions [2x10=20] 17. Prepare cash budget for the three months covering October, November, and December of year under below: Months SalesRs. Purchase Rs. Wages Rs. Other exp.rs. September October November December 1,50,000 2,00,000 4,00,000 3,00,000 60,000 80,000 1,40,000 1,00,000 20,000 40,000 60,000 50,000 9,000 10,000 18,000 16,000 Further information: a.50% Sales are made in cash and the rest collected in the next months b. Purchases are 25% in cash the rest paid in the next months. c. Wages and other expenses are paid in the same month. d. Cash balance on October 1 of the year is Rs.40, The cash flow of two different projects is given below. The cost of capital of both projects is 10%. Year Project A Projects B (3,00,000) 70,000 70,000 70,000 70,000 70,000 (3,00,000) 1,00,000 1,50,000 1,00,000 80,000 50,000 Which project should be preferred if NPV criteria is used?