NMIMS
Global Access
School
for Continuing Education (NGA-SCE)
Course:
Cost & Management Accounting
Internal
Assignment Applicable for April 2021 Examination
1. Kabir Khanna is the MD of Al Farid Supermarkets
and has hired you as a Management accountant to reduce costs for his business.
Post your review of the overall business costs, you
prepared the Cost sheet for Kabir and his Management Team. Please assist them in understanding the
classification of cost basis behavior briefly (Fixed, Variable, Semi-variable
and Stepped costs) and advise the treatment of the following items in the Cost
Sheet: Value of Scrap Bad Debts
Trade Discount Packing charges Interest on Capital (10 Marks)
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2. Modern Biscuit co has more than 8 items in their
product suite. Many a times, there is an issue faced in appropriately
allocating Fixed costs to all the biscuit variants. As a consequence, the
company finds it difficult to assess the correct cost of each product. They
hire Progressive partners as their Management consultants and are advised to
introduce Standard costing in their company.
As a team member of Progressive partners, please advise Modern Pharma
the benefits of Standard Costing (any 5) and 3 primary differences between
Standard Costing and Budgetary control. (10 Marks)
3.a. Roy & Saha Ltd. has made a contract with
Sharma Ltd. to supply 4,800 microwaves per annum. It is estimated that the
carrying cost per microwave per annum will be Rs. 12/- and that the set-up cost
per batch is Rs. 648. Find out: (a) Economic Batch Quantity. (b) The time
interval between two consecutive optimum runs
(c) The minimum inventory holding cost.
(5 Marks)
3.b. Exotica
Exports Ltd. has three divisions each of which makes a different product. The
budgeted data for the next year is as follows: Divisions A B C Rs. Rs. Rs.
Sales 1,12, 000 56, 000 84, 000 Direct material 14, 000 7, 000 14, 000 Direct
labor 5, 600 7, 000 22, 400 Variable overhead 14, 000 7, 000 28, 000 Fixed cost
28, 000 14, 000 28, 000 Total cost 61, 600 35, 000 92, 400 The management is
considering closing down division C. There is no possibility of reducing
variable costs. Advice whether or not division C should be closed down.
Particulars Product A Product B Product C
Sales
1,12,000 56000 84000
Direct Material
14,000 7000 14000
Direct Labour
5,600 7000 22400
Variable Overheads
14,000 7000 28000
Fixed Cost
28,000 14000 28000
Total Cost
61,600 35000 92400
The Management is considering closing down Division
C. There is no possibility of reduction in Variable costs in any division as
they are at optimum capacity. Advise whether or not Division C should be shut
down.
NMIMS
Global Access
School
for Continuing Education (NGA-SCE)
Course:
International Business
Internal
Assignment Applicable for April 2021 Examination
1.
It would be interesting to foray into the history of globalization. John
Maynard Keynes referred to the period (1871-1914) as the golden age of
globalization when countries based on gold standard and fixed exchange rates
traded in a world when transportation was cheap and travel passport free. After
the two world wars and Great Depression of 1930s, the major powers of the world
brought in sanity to the financial system by
constituting
IMF for exchange rate stability and World Bank for providing medium term loan
to war ravaged Europe. Discuss how the
systems of exchange rate determination have evolved till now and their role for
facilitating International trade for MNCs. (10 Marks)
2.
Use the two-country, two-sector Ricardo model of International trade theory and
explain the concept of comparative advantage using the table below:
Labour
units required to produce one unit of output
Food Chemicals Total Available
Labour EU 2 8 200 Kenya 4 24 120
3.
Read the passage and answer the questions given below it: Foxconn will set up a
new subsidiary called FuKang Technology Co Ltd as a part of their $270 million
investment to diversify production beyond China. Apple is planning to diversify
its location of facilities to reduce the impact of Sino-US trade war. Hence
Foxconn that manufactures iPads and other Apple devices is planning to shift
its assembling facilities from China to Vietnam at Apple Inc. request, said a
person close to the development. According to a report by Reuters, Foxconn is
building assembling facilities for Apple tabs and MacBooks at a plant in Bac
Giang province, northeast of Vietnam. The plant will come online in the first
half of 2021. The development comes as over the outgoing Donald Trump
administration pressing US firms to shift production facilities from China to
other Asian countries. The Trump administration restricted the supply of
electronic components produced with U.S technology to Chinese firms that it finds
to be a risk to national security and imposed higher import tariff on
made-in-China electronics.
Hence
Taiwanese manufacturer who does not want to be a pawn to the trade war wants to
move their production facilities from China to Mexico, Vietnam and India.
Shifting production to Vietnam will make the company’s first time setting up a
plant outside China. The manufacturing giant is also planning to invest $1
billion to expand its iPhone assembly line in India as ‘strongly requested’ by
Apple Inc, the unidentified source further said. Foxconn, formally Hon Hai
Precision Industry Co Ltd, the Taiwanese multinational electronics contract
manufacturer recently announced it will set up a new subsidiary called FuKang
Technology Co Ltd as a part of their $270 million investment to diversify
production beyond China. Television sets for clients including Japan’s Sony
Corp will also me manufactured at its Vietnam plant with production slated for
early 2021. Foxconn Chairman Liu Young-way had earlier told investors in August
how he aims at providing two sets of supply chains will Sino-U. S trade wars
impacting their business. The company’s competitors like Pegatron Corp also an
assembler for Apple Inc. are planning to diversify its facilities by building
plants in Mexico.
a.
In the context of the passage, discuss the internationalization strategy of
Foxconn. What are the main determinants of this strategy? (5 Marks)
b.
Discuss political risks of business environments that impact the host country
attractiveness for globalizing firms.
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