IGNOU MCOM Solved Assignment for 2018 (FREE)
MCO-05 Accounting For Managerial Decisions
Questions Solved In Assignment:
- “Balance Sheet is a statement of assets and liabilities or sources and uses of funds or both”, Comment.
- “Funds flow statement is only supplementary to P/L Account and Balance Sheet, it can not substitute to P/L Account and Balance Sheet”. Do you agree to this statement? Explain your views.
- Comment on the following statement:
- A budget is both a plan as well as a control tool.
- Budget should be regarded as a master but not as a servant.
- Fixed budget is more useful than a flexible budget.
- Performance budgeting lays immediate stress in the achievement of specific goals over a period of time.
- Describe various sectors of chemical industry. What are India’s competitive advantages & disadvantages in the export of chemical goods?
- Differentiate between the following:
- Standard cost and Estimated cost
- Fixed overhead Efficiency variance and fixed overhead calendar variance
- Marginal costing and Absorption Costing
- Marginal costing and Differential Costing
- Write short notes on the following:
- Make or Buy decisions
- Expand and Contract decisions
- Plant shut down decision
- Replacement of Machinery