PGDBM
Semester 3
Banking and finance Management
Cost & Management Accounting
NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Cost & Management Accounting
Internal Assignment Applicable for June 2019 Examination
1. The roles and responsibilities of accounts manager are different from cost manager as both the types of accounting differs from each other. Prepare a presentation highlighting the points of difference between financial accounting and cost accounting. (10 Marks)
2.Discuss any five costs other than the accounting costs, with suitable example, which are usually taken into consideration by managers for financial decision making. (10 Marks) 3. The following information is available about a product for the month of June 2019.
Material Purchased 24000 kgs@ 105600 Material consumed 22800 kgs Actual wages paid for 5940 hours Rs 29700 Units produced 2160
Standard rates and prices are as follows Direct material cost Rs4 per unit Direct labour cost Rs4 per hour Standard input 10kg for one unit
Based on the data and information, calculate relevant-
a. Material variances (5 Marks)
b. Labour variances (5 Marks)
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