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CPDCO 103 - ACCOUNTING FOR BUSINESSAssignment -1 5 X 3 = 151. Define the trail balance and explain its features and preparation methods2. Explain the types of financial analysis3. Explain the uses of cash budget and master budget4. Differentiate between the marginal costing and adsorption costing5. Narrate the objectives and importance of responsibility accountingAssignment -2 5 X 3 = 156. Describe the recent developments in accounting7. How do you classify the material variances? Explain8. “Funds flow statement plays a vital role in ascertaining the financial position of firms” amplify9. Discuss the following termsA. Flexible budget B. Sales variancesC. Angle of incidence D. Labour cost variance
10. Ashok Ltd. Manufactures a product using two grades of material X and Y mixed in the ratio of 60% and 40%. The standard loss of production is 20%. The standard price of X is Rs. 15 per unit and that of Y Rs. 10 per unit. The actual mixture and yield were asfollowsMaterial X 3000 units @ Rs. 12 Material Y 3200 units @ Rs. 12 Actual yield was 500 units. Calculate material variance
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