From the following figures given to you calculate material variances. Production for the period, 192 units.

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• Finance Management
•  
• Q1.List out the differences between funds flow
  and cash flow statement.
•  
• Q2.Examine the break-even analysis with suitable
  examples and workings.
•  
• Q3.Explain the rules and regulations of
  International Accounting Standards.
•  
• Q4.Write an essay about common size and
  comparative statements.
•  
• Q5.Bring your attention on classification of
  budgets with suitable examples

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• Q6.From the following figures given to you
  calculate material variances. Production for the
  period, 192 units. Particulars Material X
  Material Y Standard price per tonne Rs. 240 Rs.
  320 Actual price paid per tonne Rs. 227.50 Rs.
  308 Actual weights 16 tonnes 13 tonnes The
  standard production for the period represented by
  the above figures is 400 units for which the
  standard quantity allowance for material are 30
  tonnes of X and 25 tonnes of Y.
• Q7. The comparative Balance Sheets of M/s Ram
  Brothers for the two years were as follows
• Net Profit for the year 1995 amounted to Rs.
  60,000.
• (b) During the year a machine costing Rs. 25,000
  (accumulated depreciation Rs. 10,000) was sold
  for Rs. 13,000. The provision for depreciation
  against machinery as on 31.12.1994 was Rs. 50,000
  and on 31.12.1995 Rs. 85,000. You are required to
  prepare a cash flow statement

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• Q8. The capital of Everest Co. Ltd. is as follows
  
•  
• (a) Closing stock Rs. 6,800.
•  
• (b) Machinery is to depreciated by 10 and
  patents by 20.
•  
• (c) Salaries outstanding Rs. 1,500.
•  
• (d) Insurance includes a premium of Rs. 170 on a
  policy expiring on 31.12.1998.
•  
• (e) Further bad debts are Rs. 700.
•  
• (f) Rent receivable Rs. 1,000.Prepare Trading and
  Profit and Loss a/c and Balance Sheet.

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• Q10. Explain the various role performed by a
  modern management accountant.

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