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MCO 05 Solved Assignment 2020-21

MCO 05 Solved Assignment 2020-21 , MCO 05 Solved Assignment 2020-21 , MCO 05 Assignment 2021 , FREE MCO 05 Assignment , IGNOU Assignments 2020-21- Gandhi National Open University had recently uploaded the assignments of this session for M.COM Programme for the year 2020-21. Students are recommended to download their Assignments from this webpage itself. They don’t need to go anywhere else when everything regarding the Assignments are available during this text only.

MCO 05 Solved Assignment 2020-21 in English Medium : for college kids – MCO 05 Accounting for Managerial Decisions Solved Assignment 2020-21 , Students are advised that after successfully downloading their Assignments, you’ll find each and every course assignments of your downloaded MCOM Programme. Candidates got to create separate assignment for the IGNOU Master Course, so as that it’s easy for Evaluators to ascertain your assignments.

MCO 05 Solved Assignment 2020-21

COURSE CODE : MCO-05
COURSE TITLE : Accounting for Managerial Decisions
ASSIGNMENT CODE : MCO-05/TMA/2020-2021
COVERAGE : ALL BLOCKS

Maximum Marks: 100
Attempt all the questions:

1. (a) The elements of cost can be presented in the form of a statement called ‘Cost Sheet’. Comment. Prepare a proforma of cost sheet showing the important components.

Importance of Cost Sheet.
The importance of cost sheet is as follows:

  • Cost ascertainment.
  • Fixation of the asking price .
  • Help in cost control.
  • Facilitates managerial decisions.

Cost ascertainment

The main objective of the value sheet is to determine the value of a product.

The cost sheet helps within the ascertainment of cost to work out cost after they’re incurred. It also helps to determine the particular cost or estimated cost of employment .

Fixation of the asking price

To fix the asking price of a product or service, it’s essential to organize the value sheet. It helps in fixing the asking price of a product or service by providing detailed information about the value .

Help in cost control

For controlling the value of a product, every manufacturing unit must prepare a price sheet. The estimated cost sheet helps within the control of fabric cost, labor cost, and overheads cost at every point of production.

Facilitates managerial decisions

It helps in making important decisions by the management, such as: whether to supply or buy a component, what prices of products are to be quoted within the tender, whether to retain or replace an existing machine, etc.

Major Elements of Cost Sheet / Elements of cost of producing product : The major elements of a product are;

  • Material,
  • Labor, and
  • factory overhead.

(b) Briefly explain the issues addressed under Strategic Cost Management. 

Strategic Cost Management or otherwise called as SCM is that the cost management technique that aims at reducing costs while strengthening the position of the business. it’s a process of mixing the decision-making structure with the value information, so as to strengthen the business strategy as an entire . It measures and manages costs to align an equivalent with the company’s business strategy.

Stages of Strategic Cost Management

stages of SCM

Formulating Strategies

  • Communication of Strategies within the entire organization.
  • Planning and completing tactics, to execute those strategies.
  • Developing and implementing controls to trace the success.

In Strategic Cost Management (SCM), primary importance is given to constant improvement within the product to supply better quality to its target customers. it’s an important a part of the worth chain that covers every facet like purchase, design, production, sales and repair .

Need for SCM

  • It is an updated sort of analysis , during which the strategic elements are more clear and formal and improves the general position of the corporate .
  • It is wont to analyse cost information, and use it to develop various measures to realize a sustainable competitive advantage.
  • It provides a far better understanding of the general cost structure within the quest of gaining a sustainable competitive advantage.
  • It uses cost information specifically to control the strategic management process – formulation, communication, implementation and control.
  • It helps in identifying the value relationship between value chain activities and its process of management to realize competitive advantage.
  • The strategic cost management must be implemented at the initial stages of production, so on reduce heavy cost failure.

2. (a) Differentiate between fixed and flexible budgeting.
(b) Define budgeting and budgetary control. What are the essentials of establishment of Budgeting system?

3. Prepare a Cash Flow statement from the following balance sheet of ABC Sugars Ltd. Liabilities 2018 2019 Assets 2018 2019


4. (a) What do you understand by Standard Costing? Explain the advantages and limitations of Standard Costing.
(b) What is Break Even analysis? Explain the different methods of computing break-eve point?

5. Calculate the following ratios from the details given below:
a) Current ratio
b) Quick ratio
c) Operating ratio
d) Gross profit ratio
Details:
Current assets: Rs.70,000
Net working capital: Rs. 30,000
Inventories: Rs. 30,000
Sales: Rs. 1,40,000
Cost of goods sold: Rs. 68,000

IGNOU MCO 05 English Medium Solved Assignment 2020-21 : Gandhi National Open University had recently updated this session of 2020-21 M.Com Programme assignments on their official university website. we’ve made your work easy by making the solved assignments directly on one portal so as that students can easily get the solved assignments in one go. Students are advised to download their M.Com IGNOU Assignments from this webpage itself with none hassle.

M.COM(English) Question Paper

MCO 05 Solved Assignment 2020-21 You don’t need to worry & go anywhere else on the online as everything regarding the M.Com Assignments are available on this page. Students can easily download the IGNOU Assignments and submit them whenever they’re required to submit their assignments no matter their study centers.
If you’re finding out the IGNOU M.Com Solved Assignment for 2020-21 Session then finally you’re at the right place. IGNOU M.Com Solved Assignments for 2020-21 are now available for download. you’ll easily get the PDF files by clicking the download button against the particular subject that you simply simply wish to choose .

MCO 05 Solved Assignment , you’ll download the M.Com IGNOU assignments for these courses like M.Com Business Environment, Marketing Management, Business Environment, Financial Management and much more.

These assignments are valid for two admission cycles (July 2020 and January 2021). The validity is given below:
1. Those who are enrolled in July 2020, it is valid upto June 2021.
2. Those who are enrolled in January 2021, it is valid upto December 2021.

 

In case you are planning to appear in June Term-End Examination, you must submit the assignments to the Coordinator of your Study Centre latest by 15th March and if you are planning to appear in December Term-End Examination, you must submit them latest by 15th September.

IGNOU MCOM Solved Assignment 2020-21

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