Tuesday 15 March 2011

Cost and Management Accounting (5538) ASSIGNMENT NO.2


Cost and Management Accounting (5538) ASSIGNMENT NO.2

ASSIGNMENT No. 2
(Total Marks: 100)

This assignment is a research-oriented activity. You are required to obtain information from a business/commercial organization and prepare a report of about 1000 words on the issue allotted to you to be submitted to your teacher for evaluation.
You are required to select one of the following issues according to the last digit of your roll number. For example, if your roll number is P-3427180 then you will select issue # 0 (the last digit): -

ISSUES:
1.         Process Costing Application in a manufacturing concern keeping in view the treatment of lost units (Normal or abnormal).
2.         Study an organization and discuss various issues related to Quantitative Tools of Inventory Management.
3.         Select a manufacturing organization and discuss its cost accounting cycle and issues related thereto.
4.         Appointment of Overheads is a common practice in manufacturing concern. Discuss with reference to any specific organization.
5.         Application of budgeting techniques in a manufacturing organization.
6.         Draft a cost accounting information system of any manufacturing organization
7.         Application of standard costing in a manufacturing concern keeping in view the various variances.
8.         Select any organization (preferably manufacturing0 and study its incentive wage plans.
9.         Prepare a report on the uses of break even analysis in a specific manufacturing concerns.
Analysis and application of various cost concepts for decision making

Cost and Management Accounting (5538) ASSIGNMENT NO.1


Cost and Management Accounting (5538) ASSIGNMENT NO.1

ASSIGNMENT No. 1

Q. 1   In an accounting conference, discussion turned to the possibility of preparing financial statements from few accounts together with financial ratios. The Assistant Controller provided the following data:
         
Item
Rs.
Net Income
1,200,000
Rate of return (Income) on Sales
10%
Gross Profit rate on Net Sale
40%
Rate of Marketing expenses to Sales
15%
Total Liabilities
2,000,000
5% Bond payable represents 37.5% of the total liabilities

          Required: An Income Statement based on the above information.

Q. 2   Waris Company uses process costing. All materials are added at the beginning of the process. The product is inspected when it is 80% converted, and spoilage is identified only at the point. Normal spoilage is expected to be 5% of good output.
                  During March 10,500 units were put into process. Current costs were Rs.52,500 for materials, Rs.39,770 for labor, and Rs.31,525 for factory overhead. The 3,000 units still in process at the end of March were estimated to be 90% complete. A total of 7,000 units were transferred to finished goods.
          Required: prepare a cost of production report for March.

Q. 3   (a)    A club purchases 6,000 dozens of tennis balls next year, policy manual of the club prescribes to impute 10% interest on average inventory investment. Other costs associated with storage amount to Rs.21.60 per dozen. The cost involved in handling each purchase order is Rs.300, price quoted by the supplier is Rs.360 per dozen.
          Required:
i.            EOQ
ii.          Secretary of the club propose to buy 2,000 dozens tennis balls in each order. Show how much the club can save by buying in economic order quantity.
(b)    Mustafa uses EOQ model to help in the planning and control of its inventory. One of the best items jeans is sold to public for Rs.600 per piece (at a markup of 400% of cost). Mustafa expects to buy and sell 1,200 pieces of this item during the year 2000. The relevant costs are:
        Ordering Cost                    =      Rs.27 per order
        Carrying Cost                     =      15%
        Required: Determine the EOQ and calculate the total ordering cost and carrying cost at this level.

Q. 4   The following information is available.
Normal working day:
8 days
Guaranteed rate of pay (on time basis)
Rs.5.5 per hour
Standard time allowed to produce 1 unit
3 minutes
Piecework price
Re0.1 per standard minutes
Premium bonus
75% of time saved in addition to hourly pay

          Required: For the following levels of out puts produce in a day:
           Æ    80 units
           Æ    120 units
           Æ    210 units
          Calculate the earnings based on:
i.            Piece work, where earnings are guaranteed at 80% of time based pay
ii.          Premium bonus system

Q. 5   The XYZ company factory overhead rate is Rs.2.00 per hour. Budgeted overhead for 3000 hours per month is Rs.8,000 and for 7000 hours is Rs.12,000. Actual overhead for the month is Rs.9,000 and actual volume is 5000 hours.
          You are required to calculate the following from the data given above:
1.      Variable rate
2.      Fixed overhead
3.      Normal volume
4.      Applied FOH
5.      Over or under applied FOH
6.      Capacity variance
7.      Spending varianc

ASSIGNMENT NO.2


ASSIGNMENT NO.2

ASSIGNMENT No. 2
(Units: 1–9)

This assignment is a research-oriented activity. You are required to obtain information from a business/commercial organization and prepare a report of about 1000 words on the topic allotted to you to be submitted to your teacher for evaluation.

You are required to select one of the following topics according to the last digit of your roll number. For example, if your roll number is P-3427180 then you will select topic # 0 (the last digit): -

Topics:
1)                  Collective bargaining in an organization
2)                  Career planning
3)                  Performance management
4)                  Job evaluation
5)                  Labor market conditions
6)                  Training needs analysis
7)                  Designing training programs
8)                  Compensation strategy
9)                  Issues in labor management relations
10)              Employee recruitment and selection process

The report should follow the following format:
1)            Title page
2)            Acknowledgements
3)            An abstract (one page summary of the paper)
4)            Table of contents
5)            Introduction to the topic (brief history & significance of topic assigned)
6)            Practical study of the organization (with respect to the topic)
7)            Data collection methods
8)            SWOT analysis (strengths, weaknesses, opportunities & threats) relevant to the topic assigned
9)            Conclusion (one page brief covering important aspects of your report)
10)        Recommendations (specific recommendations relevant to topic assigned)
11)        References (as per APA format)
12)        Annexes (if any)

Human Resource Management (5532) ASSIGNMENT NO.1


Human Resource Management (5532) ASSIGNMENT NO.1

ASSIGNMENT No. 1
(Units: 1–4)
Q. 1  Why HR is called the most important asset and competitive advantage of any organization in the world?         (20)

Q. 2  (a)     What is meant by job analysis? Explain how you would conduct a job analysis? And how can you make use of the information it provides?                                                     (10)
         (b)     Describe the types of information typically found in job specifications. (10)

Q. 3  Do you think job rotation is a good method to use for developing management trainees? Why or why not?      (20)

Q. 4  Describe the significance of on-the-job and off-the-job training methods in organizations with examples. What major benefits each of these training methods provide to employees and organization?            (20)

Q. 5     If an organization is going in profits then why there is a need of performance management. Discuss with arguments.       (20)

Management Information Systems Assignment No.2


Management Information Systems Assignment No.2


ASSIGNMENT No. 2
Total Marks: 100

         This assignment is a research-oriented activity. You are required to obtain information relating to any business or commercial organization, write a paper of about 10 pages on the topic allotted to you. The students are required to prepare two copies of Assignment No. 2. Submit one copy to your tutor/teacher for evaluation and the second copy for presentation in the workshop in the presence of your resource persons and classmates, which will be held at the end of the semester prior to final examination. Student studying at the approved Study Centers of AIOU are required to present the same at their study centers.

i)              Introduction to the topic
ii)            Important sub-topics
iii)          Practical study of the organization with respect to the topic
iv)          Review of theoretical and practical situations
v)            Merits, demerits, deficiencies or strengths of the organization with respect to topic under study
vi)          Conclusions and recommendations
vii)        Annex, if any

         You may use transparencies, charts or any other material for effective presentation. You are required to select one of the following topics according to the last digit of your roll number. For example, if your roll number is D-3427185 then you will select topic number 5 (the last digit).

1.            Information Management in Twenty First Century
2.            The Challenges for Effective Information Management
3.            Information Systems Techniques to Achieve Competitive Advantage
4.            E-Commerce Application
5.            Business Process Reengineering
6.            Using Information Systems to Minimize Costs
7.            Using Information Systems to Improve Quality of Customer Service
8.            System Implementation: Success or Failure.
9.            Use of Inventory Management Systems
0.            IT strategies in a Global Business

Management Information Systems (5524) ASSIGNMENT NO.1


Management Information Systems (5524) ASSIGNMENT NO.1

Note:   All questions are compulsory and carry equal marks.

Q. 1  (a)     Define information. Discuss the role of Information Systems (IS) and Information Technology (IT) in public sector organizations.
         (b)     Describe various key issues in managing information in today’s organizations.
        
Q. 2  (a)     Describe the four conversion methods of implementing a new Information System (IS). Discuss advantages and disadvantages of each method.
         (b)     What activities are undertaken while a system is in design phase? Explain.

Q. 3  (a)     Compare and contrast the uses and characteristics of primary and secondary storage devices.
         (b)     Describe various types of primary and secondary devices.

Q. 4  (a)     Compare the functions of business application software, software-development software, and system software.
(b)     Explain the different generations of programming languages.

Q. 5  Discuss the following and support each with examples.
         (i)      Database structures.
         (ii)     Types of databases.

Business Mathematics and Statistics (5528) ASSIGNMENT NO.2


Business Mathematics and Statistics (5528) ASSIGNMENT NO.2

ASSIGNMENT No. 2

Total Marks: 100

This assignment is a research-oriented activity. You are required to select one of the following topics according to the last digit of your roll number. For example, if your roll number is D-3427185 then you will select topic number 5 (the last digit). Visit any business/commercial organization and write a paper of about 1000 words on the topic allotted to you. Prepare two copies of this report; submit one copy to your tutor for evaluation and use other for presentation in the workshops, which will be held at the end of semester prior to your final examination.
1.              Probability and their application in business
2.              Prediction and regression
3.              System of equations
4.              Measures of relationship
5.              Sampling methods and techniques in business statistics
6.              Time series analysis
7.              Estimation and hypothesis testing
8.              Analysis of variance
9.       Differentiation and its Application in Business
0.       Integration

WORKSHOPS
The workshop presentations provide students an opportunity to express their communication skills, knowledge & understanding of concepts learned during practical study assigned in assignment # 2. You should use transparencies and any other material for effective presentation. The transparencies are not the presentation, but only a tool; the presentation is the combination of the transparencies and your speech. Workshop presentation transparencies should only be in typed format.

GUIDELINES FOR WORKSHOP PRESENTATION:
·                 Make eye contact and react to the audience. Don't read from the transparencies or from report, and don't look too much at the transparencies (occasional glances are acceptable to help in recalling the topic to cover).
·                 A 15-minute presentation can be practiced several times in advance, so do that until you are confident enough. Some people also use a mirror when rehearsing as a substitute for an audience.

WEIGHTAGE OF THEORY PRACTICAL ASPECTS IN ASSIGNMENT # 2 AND WORKSHOP PRESENTATIONS
Assignment # 2 & workshop presentations are evaluated on the basis of theory & its applicability. The weightage of each aspect would be:
Theory:                                                                        60%
Applicability (practical study of the organization):      

BUSINESS MATHEMATICS AND STATISTICS (MBA-5528)


BUSINESS MATHEMATICS AND STATISTICS (MBA-5528)

ASSIGNMENT No. 1

Q. 1  (a)     A data processing manager purchased remote terminal processing time to run special jobs at two different computer “utilities”. She wishes to sign a long-term contract with the firm whose computer causes the least delay on the average. The numbers of minutes of delayed processing per week were obtained during trial periods with each firm and are provided below:
                  Compu Quick     210     15      47      93       104
                  Dial-a-Pute 18     341    523     25      19       293      115      203
Assuming that trial experience is representative of future performance, which firm should receive the business? Substantiate your answer with appropriate calculations.      (10)
(b)         The length of life of 220 incandescent 60-watt lamps was obtained and yielded the frequency distribution shown in the table given below:                                                                
Class Limit
Frequency
500-599
3
600-699
7
700-799
14
800-899
28
900-999
64
1000-1099
57
1100-1199
23
1200-1299
13
1300-1399
7
1400-1499
4

1.            Construct a histogram of these data, using a vertical scale for relative frequencies.
2.            Find the mean length of life
3.            Find the standard deviation                                                       (10)

Q. 2  (a)     A hard working student has 90 percent chance to pass the examination and that pass percentage of the university is 28 percent. Suppose 20% students work hard. What is the probability that a person who has passed has really worked hard?
         (b)     A sales person has 10 percent chance of making a sale to any customer who is called upon. If 20 calls are made, what is the chance that (i) fewer than three sales are made (ii) At least one sale is made (iii) More than five are made?                                                                             (20)

Q. 3   (a)    The wrist circumference of adult males is normally distributed with a mean of m = 6.85² and a standard deviation of s = 0.40². One man is selected at random. Determine the probabilities for the following possible wrist sizes.
                  1.   Less than 8.00²
                  2.   Between 5.75² and 6.75²

 (b)   The achievement scores for a college entrance examination are normally distributed with a mean of 75 and a standard deviation of 10. What fraction of the scores would you expect to lie between 70 and 90?      (20)

Q. 4   The shopping times were recorded for 64 randomly selected customers for a local supermarket. The average and variance of the 64 shopping times were 33 minutes and 256, respectively. Estimate the true average shopping time per customer, with a confidence coefficient of 1–a = 0.90.                (20)

Q. 5   A vice-president for a large corporation claims that salesmen are averaging no more than 15 sales contacts per week. (She would like to increase this figure) As check on her claim, 36 salesmen are selected at random, and the number of contacts is recorded for a single randomly selected week. The sample reveals a mean of 17 contacts and a variance of 9. Does the evidence contradict the vice-president’s claim?
          Use a = 0.50.                                                                                             (20)