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MGT402 All Current Final Term Papers Fall 2012 (20 February to 03 March 2013) at one Place

From 20 February to 03 March 2013 Fall 2012

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Replies to This Discussion

Thanx 4 sharing masood khan bro

Dear friends todays mgt402 paper

total questions 60

54 mcqs mostly new and very tricky ones

3 questions of 3 marks each and 3 questions of 5 marks

subjective questions are as follows

Q:-Prepare labor cost budget for the month of jan, feb and march budgeted units for jan 900, feb 2100 and march 3350. it takes 3 hrs to complete one unit and labor rate is  Rs.3.1/hr

Q: Prepare administrative budget ( data was given)

Q: Sales 600,000 markup 20% of cost of goods sold find cogs and profit margin

Q: Find eq units using fifo method and unit cost ( data was given)

Q: Bazar Company is a small family business that produces wooden plaques and

Trophies:                                                                  

 

 

Plaques (Rs.)

Trophies (Rs.)

Selling price per unit

18

15

Les: Variable cost per unit

  12

   8

Contribution margin per unit

  6

  7

Contribution margin ratio

33%

47%

 

In producing the items the primary bottleneck is due to the fact the company only has one machine, a sander, to sand the wood that is used for the plaques or the trophies. Generally, the wood required for each plaque takes 0.25 hour to sand, while the word required for each trophy takes 0.50 hour to sand. Based on the constraint related to the machine time, which product should be emphasized if only limited machine time is available?

Q: Liberty Pizzas delivers their product to the housing societies near Gulberg. The company's annual fixed costs are Rs. 400,000. The sales price of a normal size pizza is Rs. 100 and the cost to make and deliver each pizza is Rs. 60.

You are required to calculate the following:

  1. 1.    Break even sales per unit.
  2. How many Pizzas the company must be sold in order to earn a profit of Rs. 650,000
plz pray for me, regards

YM thanks for sharing 

Thx YM 4 sharing

MGT402 Final Term Paper Attempted by Hijaab Mehar

24-02-2013

Total 60 Questions. 52 Mcqz and 8 were descriptive questions.

 

1- Differentiate between incremental cost and avoidable cost. (M - 3)

 

2-   Margin of safety Rs. 75000
Budgeted sales Rs. 650000

Calculate Margin of safety Ratio. ----- (M - 3)

 

3- Give the formulas of the following:

Production budget

Sales budget ----- (M - 3)

 

4- Hussain Corporation annually produces 10,000 units of assembly part number 206. An outside supplier has offered to manufacture the part at Rs. 9 per unit. If Hussain Corporation decides to buy the part, they will be able to rent the existing area for Rs. 8,000 per year. Listed below are Hussain’s total costs to produce part 206:

 

Rs.

Total (Rs.)

Direct material

2.50

25,000

Direct Labor

4.00

40,000

Variable overhead

2.25

22,500

Fixed Overhead

0.75

7,500

Total

9.50

95,000

Assuming that no additional costs are incurred in purchasing the part, what should be the opportunity cost for Hussain Corporation if it will buy? Support your answer with computations. (M - 5)

 

5- Following cost were incurred during a period.

Direct material cost Rs. 4000000

Direct labor and FOH Rs. 3000000

Beginning inventory cost Rs. 1000000

Ending inventory cost Rs. 2000000

Ending inventory decreased by Rs. 75000

How much was the sales for that period? (M - 5)

6- One question was about calculating profit under absorption costing method. (M - 5)
(You will find full question in uzair hussain’s mgt402 solved subjective file)

7- T & M Wild Corporation anticipates sales of Rs. 9, 00,000 for the current year. The percentage of gross profit from sales has been 40% in past years. Operating expenses are expected to be Rs. 2, 00,000, of which 45% is administrative expenses and 55% is selling expenses. Assuming 40% tax rate. Prepare a Budgeted income statement for the for the T & M Wild Corporation year 2009.  (M - 5)

8- There are two approaches of accounting treatment of ‘’By-Product’’ define it. (M - 5)

 Hijaab Ch gud keep it up & thanks for sharing ur paper & best of luck for ur result 

Note for All Members: You don’t need to go any other site for current Final Term papers fall 2012, Because All discussed data/sharing of our members in this discussion are going from here to other sites. You can judge this at other sites yourself. So don’t waste your precious time with different links.

Can you please tell what did you write for the formulas of sales and production budget?

Dear please upload uzair hussain’s mgt402 solved subjective file 

my current final term paper dated 25-03-2013

Total Questions = 60

MCQs = 52  (most from past papers but as usual time taking mean lengthy )

Long Questions
1)       from past paper

The Midnight Corporation budget department gathered the following data for the third quarter:

                                                                                              July
Projected Sales (units)                                                          1,000
Selling price per unit (Rs.)                                                    30
Direct material purchase requirement (units)                        1,500
Purchase cost per unit (Rs.)                                                   15
Production requirements (units)                                            800
Direct labor hours Rs.                          1.5 per unit
Direct Labor rate Rs.                            2.5 per direct labor hour
Fixed FOH is Rs. 2600, included depreciation Rs. 300
Selling and Admin expense 4% of sales
Net Income before tax is as follows
July 8,000
August 10,000
September 8,000
All sales and purchase are for cash and all expenses are paid in the month incurred.
Assuming that the opening cash balance on July 01 is Rs. 40,000 and tax rate is 35%,
Requirement:
Prepare cash budget for the month of July.

2) Write down the differential cost is it avoidable and incremental cost?

3) write down the budgets and human behavior?

4)  one is from "Breakeven sales in rupee"

5) one is from budget income statement .

6)   (on page # 83)

Wage rate per hour                        Rs.1.50
Time allowed for the job                    16 hours
Time taken                                         12 hours.
Required:
1. Calculate the Gross earnings of the worker.
2. Find out effective “rate of earnings”

7) Figures were given and requirement was "Using the FIFO method, what are the equivalent units of production for the month of June"?

 ali123 gud keep it up & best of luck for ur result 

Note for All Members: You don’t need to go any other site for current Final Term papers fall 2012, Because All discussed data/sharing of our members in this discussion are going from here to other sites. You can judge this at other sites yourself. So don’t waste your precious time with different links.

plz suggest which file u study for mcqs

MGT402
Mostly MCQS from Old Papers 52
Question

IF 5 Mrks

Company’s sales forecast for 3rd quarter, ending September 30, was 54,300 units.
The beginning inventory was 13,000 units.
Ending inventory was 12,200 units.

Then:

Prepare production budget for 3rd quarter?

Question
5 Mrks

Liberty Pizzas delivers their product to the housing societies near Gulberg. The company's annual fixed costs are Rs. 400,000. The sales price of a normal size pizza is Rs. 100 and the cost to make and deliver each pizza is Rs. 60.
You are required to calculate the following:
1. Break even sales per unit.
How many Pizzas the company must be sold in order to earn a profit of Rs. 650,000

Question
3 Mrks
The following data of an electronic company for the month of August is given:

Plant capacity 4,000 units per month
Fixed Cost Rs. 5,000
Variable cost Rs. 3.00 / unit
Sales price Rs. 5.00 / unit


Required: Break Even point in Units and Rs

Question 5 Mrks


The Regal, Inc. makes 35,000 motors to be used in the production of its sewing machines. The cost per motor at this level of activity would be:

Particular Rs.
Direct materials 4.50
Direct labor 4.60
Variable factory overhead 3.75
Fixed factory overhead 3.45


An outside supplier recently began producing a comparable motor for the sewing machine. The price to Regal for this motor is Rs. 15. If Regal decided not to make the motors, there would be no other use for the production facilities.

Required: If Regal decides to continue making the motor, how much higher or lower would net income be than if the motors are purchased from the outside supplier?

Question

Bazar Company is a small family business that produces wooden plaques and
Trophies: 5 Marks

Plaques (Rs.) Trophies (Rs.)
Selling price per unit 18 15
Les: Variable cost per unit 12 8
Contribution margin per unit 6 7
Contribution margin ratio 33% 47%


In producing the items the primary bottleneck is due to the fact the company only has one machine, a sander, to sand the wood that is used for the plaques or the trophies. Generally, the wood required for each plaque takes 0.25 hour to sand, while the word required for each trophy takes 0.50 hour to sand. Based on the constraint related to the machine time, which product should be emphasized if only limited machine time is available?
Question
3 Marks
Suppose a trader of an agriculture product has fifty thousand to invest. Different avenues of investment are available to him are as under:
Alternative # 1
Investment in the purchase seeds, expected return is Rs. 150,000.
Alternative # 2
Investment in purchase of fertilizers, expected return is Rs. 100,000
Alternative # 3
Lend out money to a friend; expected return is Rs.50, 000

Required:
Keep in view the given data calculate/identify the following: 
Opportunity cost
Opportunity loss





Question

The following detail is related to Bloch Company. 3

Opening work-in-process 2,000 liters (100% completed to material and 40% as to conversion cost)
Units put into process 24,000 liters
Closing work-in-process 3,000 liters (100% completed to material and 45% as to conversion cost)


Required:
Find out the numbers of completed units and equivalent production units as to material and conversion cost using weighted average method.

Question

The Carter Manufacturing Company estimates its production requirements to be 30,000 units for October, 38,000 units for November and 41,000 units for December. It takes 3 direct labor hours at a rate of Rs. 3 per hour to complete one unit.
Prepare direct Labor budget cost for the last quarter of the year
Dear friends todays mgt402 paper
total questions 60
54 mcqs mostly new and very tricky ones
3 questions of 3 marks each and 3 questions of 5 marks
subjective questions are as follows
Q:-Prepare labor cost budget for the month of jan, feb and march budgeted units for jan 900, feb 2100 and march 3350. it takes 3 hrs to complete one unit and labor rate is Rs.3.1/hr
Q: Prepare administrative budget ( data was given)
Q: Sales 600,000 markup 20% of cost of goods sold find cogs and profit margin
Q: Find eq units using fifo method and unit cost ( data was given)
Q: Bazar Company is a small family business that produces wooden plaques and
Trophies: 

Plaques (Rs.) Trophies (Rs.)
Selling price per unit 18 15
Les: Variable cost per unit 12 8
Contribution margin per unit 6 7
Contribution margin ratio 33% 47%


In producing the items the primary bottleneck is due to the fact the company only has one machine, a sander, to sand the wood that is used for the plaques or the trophies. Generally, the wood required for each plaque takes 0.25 hour to sand, while the word required for each trophy takes 0.50 hour to sand. Based on the constraint related to the machine time, which product should be emphasized if only limited machine time is available?
Q: Liberty Pizzas delivers their product to the housing societies near Gulberg. The company's annual fixed costs are Rs. 400,000. The sales price of a normal size pizza is Rs. 100 and the cost to make and deliver each pizza is Rs. 60.
You are required to calculate the following:
1. Break even sales per unit.
How many Pizzas the company must be sold in order to earn a profit of Rs. 650,000
MGT402 Final Term Paper Attempted by Hijaab Mehar
24-02-2013
Total 60 Questions. 52 Mcqz and 8 were descriptive questions.

1- Differentiate between incremental cost and avoidable cost. (M - 3)

2- Margin of safety Rs. 75000
Budgeted sales Rs. 650000
Calculate Margin of safety Ratio. ----- (M - 3)

3- Give the formulas of the following:
Production budget
Sales budget ----- (M - 3)

4- Hussain Corporation annually produces 10,000 units of assembly part number 206. An outside supplier has offered to manufacture the part at Rs. 9 per unit. If Hussain Corporation decides to buy the part, they will be able to rent the existing area for Rs. 8,000 per year. Listed below are Hussain’s total costs to produce part 206:

Rs. Total (Rs.)
Direct material 2.50 25,000
Direct Labor 4.00 40,000
Variable overhead 2.25 22,500
Fixed Overhead 0.75 7,500
Total 9.50 95,000

Assuming that no additional costs are incurred in purchasing the part, what should be the opportunity cost for Hussain Corporation if it will buy? Support your answer with computations. (M - 5)

5- Following cost were incurred during a period.
Direct material cost Rs. 4000000
Direct labor and FOH Rs. 3000000
Beginning inventory cost Rs. 1000000
Ending inventory cost Rs. 2000000
Ending inventory decreased by Rs. 75000
How much was the sales for that period? (M - 5)
6- One question was about calculating profit under absorption costing method. (M - 5)
(You will find full question in uzair hussain’s mgt402 solved subjective file)
7- T & M Wild Corporation anticipates sales of Rs. 9, 00,000 for the current year. The percentage of gross profit from sales has been 40% in past years. Operating expenses are expected to be Rs. 2, 00,000, of which 45% is administrative expenses and 55% is selling expenses. Assuming 40% tax rate. Prepare a Budgeted income statement for the for the T & M Wild Corporation year 2009. (M - 5)
8- There are two approaches of accounting treatment of ‘’By-Product’’ define it. (M - 5)

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