Cost & Management Accounting
April 2022 Examination
NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Cost & Management Accounting
Internal Assignment Applicable for April 2022 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.
Students should write the assignment in their own words. Copying of assignments from
other students is not allowed.
Students should follow the following parameter for answering the assignment questions.
1. Department A’s manager wishes to apportionment the indirect expenses identifiable
with department A to all the other departments of the organization. However, the
managers of other departments opine that the indirect expenses allocated to department
A cannot be apportioned to other departments. Elucidate the terms ‘allocation and
For Theoretical Answer
Assessment Parameter Weightage
Introduction 20%
Concepts and Application
related to the question
60%
Conclusion 20%
For Numerical Answer
Assessment Parameter Weightage
Understanding and usage
of the formula
20%
Procedure / Steps 50%
Correct Answer &
Interpretation
30%
NMIMS Global Access
School for Continuing Education (NGA-SCE)
Course: Cost & Management Accounting
Internal Assignment Applicable for April 2022 Examination
apportionment’ and bring out the differences between them to department A’s manager.
Also, provide five examples of cost items to the manager that are suitable for
apportionment and their respective basis of apportionment. Identify if department A’s
manager was correct. (10 Marks)
2. Plyway manufactures and sells wooden chairs. The chief accountant of the entity is
contemplating whether to follow marginal costing or absorption costing for preparing
the profit statement. Explain any three advantages of marginal as well absorption
costing to the chief accountant. Also, try to bring out three differences between marginal
and absorption costing to make the choice easy for the chief accountant. If the chief
accountant is preparing the profit statement for internal, decision-making purpose,
which of the two methods should she follow? (10 Marks)
3. Framers is in the business of trading in frozen mango pulp tins. It always maintains a
more inventory than required and hence incurs a huge amount of holding (carrying)
costs. It wishes to know the ideal quantity of inventory to be ordered that would
minimize the ordering as well as the holding costs. It provides the following
information:
a. Annual requirement 30,000 packets; cost of one packet is ₹1200; ordering cost is ₹3,240
per order and holding cost is 5 percent. Compute the economic order quantity.
(5 Marks)
b. What is the total inventory cost if the company has been ordering 2,500 packets with
every order? Would the total inventory cost be higher or lower than the EOQ?
(5 Marks)
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