The document outlines assignment instructions for students enrolled in the Cost and Management Accounting course at NMIMS Global Access School for Continuing Education. It includes details on assignment submissions, topic questions involving accounting tools for decision making, calculations of costs related to defective units, and analysis of cost drivers for a company. Students are encouraged to complete assignments individually and avoid copying from peers or other sources.

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NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Cost and Management Accounting
Internal Assignment Applicable for December 2016 Examination
Assignment Marks: 30
Instructions:
 All Questions carry equal marks.
 All Questions are compulsory
 All answers to be explained in not more than 1000 words for question 1 and 2 and for
question 3 in not more than 500 words for each subsection. Use relevant examples,
illustrations as far as possible.
 All answers to be written individually. Discussion and group work is not advisable.
 Students are free to refer to any books/reference material/website/internet for attempting
their assignments, but are not allowed to copy the matter as it is from the source of
reference.
 Studentsshould writethe assignmentin their own words.Copying of assignmentsfromother
students is not allowed.
Question. 1. The board of directors of your company asked you to
prepare certain projections, reports and present certain
information so that they can take decision regarding whether to

2. continue a particular venture or not. Discuss the tools you will be
using to extract and present the necessary accounting information
to the management. (10 Marks)
Answer: Accountingrequires time andeffortinvestment.Thisisnotjustatask of managingthingsor
matters, when the accounting or decision making is about business then this should be done with
great care andattention. There are several toolsthatcanbe usedtomaximize the efficiencylevel of
the accountancy work but in this case, the board of directors asked you to prepare certain
projections, reports and present certain information so that they can take decision regarding
whether to continue a particular venture or not so
Question. 2. M Ltd introduces 5000 units in a process at a cost of Rs
20000. The wages and overhead incurred are Rs 12000 and Rs
15000 respectively. In normal course 10 % of the units introduced
are defective. Actual output of goods is 4400 units. The rectification
cost of defective units is Rs 5 per unit.
Calculate
The cost per unit
Value of abnormal loss
Process Account
(10 Marks)
Answer:
Cost perunit = (Cost– Abnormal loss) /Outputunits
= (20000+12000+15000-5*100) / 4400
= 46500 / 4400
= 10.57 Rs
Value of abnormal loss = 100 units* 5 Rs per
Question. 3. a) It is very necessary for an organization to analyses
the cost drivers in order to control cost and to maximize overall
value. You are the cost accountant in Cipla Ltd, suggest the major

3. components for analysis, so that the company can lower its costs
and also create strategic competitive advantages. (5 Marks)
Answer: If any organize want to control the cost and maximize overall value of the company then
the analysisof cost drivers.Beingonthe positionof cost accountant in Cipla Ltd, you would need to
understand and implement major components for analysis so that Cipla Ltd can be successful in
achievingcostreductiongoalsandthiswill also be able to create strategic competitive advantages.
Approaches to control costs in Cipla Ltd:
1) Annual Renegotiation of all contracts: American
b) As this is the season of festivals employees of Mumbai Rayon
fashion ltd are getting the overtime premium because they are
working beyond the working hours in order to meet the market
demand. You are the cost accountant of the company, the
management wants to discuss with you the effects of overtime on
productivity and how the same will be treated in cost accounting.
Discuss at least five points. (5 Marks)
Answer: Festive seasonalwaysbringssomanyholidayswhichis news of excitement for employees
but inthiscase, Mumbai Rayonfashionltd needssome employees to work extra so that company’s
goals can be achieved. Company has some goals that can be fulfilled only by employee overtime.
Employee will be paid overtime premium butthere will be some effects of the overtime procedure
because all the company follows some norms for employee’s work timeline.
You are at the position of cost accountant
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
help.mbaassignments@gmail.com
or
call us at : 08263069601