NMIMS Cost and Management Accounting

NMIMS Global Access

School for Continuing Education (NGA-SCE)

Course: Cost & Management Accounting

Internal Assignment Applicable for September 2019 Examination

Assignment Marks: 30

1. The CEO of Aadhar Private limited is worried about the labour turnover in the company. He noticed that the labour turnover is going up over the last few years. Being an advisor to the company you are asked to share insights on the factors contributing towards high labour turnover and the categories of cost in relation to labour turnover for any organization. (Please share example wherever seems essential) (10 Marks)

2. Mr Verma decided to set up cost accounting and financial accounting for his furniture manufacturing unit located in Navi Mumbai, a year back. However, he is least interest to set up management accounting department for his manufacturing business which has an annual turnover of 50 crores. Discuss the aspects which you want to highlight in this case so as to convince Mr. Verma to set up the said department as well. (10 Marks)
3. The following particulars relates to the production department – A, of a factory for the month of June 2018

Cost data of a particular work order carried out in the above department during June2018, are given below-

Using the following-

1. Direct labour cost rate
2. Machine hour rate

• Direct Labour hour rate

Calculate

1. Overhead charging rate (5 Marks)
2. Factory cost of work order (5 Marks)