NMIMS Best 2018 Assignments - A product ‘X’ passes through two processes. The output of Process I becomes the input of Process II

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Cost Management Accounting Dr. Aravind
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• Cost Management Accounting
• Question 1
• Amman , Namman, Pulkit and Amit started
  with a fast food restaurant, couples of years
  back. This year all the partners of the
  restaurant are planning to come up with a chain
  of restaurant in the city and therefore wants to
  employ some additional staff. One of the partner,
  gives an advertisement for recruitment in the
  Newspaper, for the position of Cost Accountant as
  well as Management Accountant. However, Mr.
  Shinde, the HR manager of the restaurant is
  confused about difference in the functions
  performed by the Cost Accountant and Management
  Accountant.

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• Discuss how you will convince Mr. Shinde
  that both the profiles have certain specific set
  of functions to be performed, which are different
  from each other. (10 Marks)
• Question 2
• Prachi Pvt Ltd manufactures two types of
  wooden boxes, using certain common facilities.
  The following cost data is presented to you

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• Calculate the overhead per unit absorbed
  using the most practical and effective approach,
  which gives relevance to the casual relationship
  of cost drivers to activities. Also, discuss the
  approach in detail. (10 Marks)
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• Question 3
• A product X passes through two
  processes. The output of Process I becomes the
  input of Process II. The quantity of raw material
  introduced into process I is 20000kgs _at_ 20 per
  Kg. The additional cost incurred and output
  obtained for one of the month under review is as
  under-

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