NMIMS Solved Assignment Cost & Management Accounting Dec 2026

NMIMS Solved Assignment Cost & Management Accounting Dec 2026 :  [Unique]
NMIMS Solved Assignment Cost & Management Accounting Dec 2026 :

Assignment Marks: 20
Instructions
PLEASE NOTE: This assignment is application based, you have to apply what you have
learnt in this subject into real life scenario. You will find most of the information through
internet search and the remaining from your common sense. None of the answers appear
directly in the textbook chapters but are based on the content in the chapter
NMIMS Centre for Distance and Online Education (NCDOE)
Course: Cost & Management Accounting

Assignment Marks: 20
Instructions
NMIMS Centre for Distance and Online Education (NCDOE)
Course: Cost & Management Accounting
Internal Assignment Applicable for Dec 2026 Examination

Q1 A manufacturing company provides the following information for the production of
10,000 units during the year:
Particulars Amount (Rs.)
Opening Stock of Raw Materials 30,000
Purchases of Raw Materials 2,40,000
Carriage Inwards 10,000
Closing Stock of Raw Materials 40,000
Direct Wages 1,20,000
Direct Expenses 20,000
Factory Overheads 1,00,000
Opening Work-in-Progress 30,000
Closing Work-in-Progress 20,000
Office & Administrative Overheads 60,000
Opening Finished Goods 50,000
Closing Finished Goods 30,000
Selling & Distribution Overheads 60,000
The company follows a cost-sheet approach for determining product cost and pricing.
Prepare a Cost Sheet showing Prime Cost, Factory/Works Cost, Cost of Production,
Cost of Goods Sold and Cost of Sales. Calculate the cost per unit and determine the
selling price per unit if the company wants to earn a profit of 20% on cost.
(10 Marks)
Q2 (A) A manufacturing company is facing rising costs, inefficient resource utilisation and
increasing competition. The Managing Director believes that financial accounting
information alone is sufficient to address these issues. The newly appointed
Management Accountant disagrees and recommends using management accounting
information for managerial decisions.
Evaluate the Management Accountant’s recommendation by explaining how
management accounting information can support planning, resource allocation,
monitoring and control, and operational decision-making in this situation.
(5 Marks)
Q2 (B) A diversified manufacturing and engineering company receives the following three
assignments:
Assignment A: Manufacture a customized machine according to the
specifications of one customer.
Assignment B: Manufacture 1,000 identical electronic components together as
one production lot.
– Assignment C: Execute a two-year construction project at the customer’s site.
Analyse the nature of each assignment and recommend whether Job Costing, Batch
Costing or Contract Costing should be applied in each case. Justify each
recommendation based on the nature of the cost unit, production/order characteristics
and duration of the work.
(5 Marks)
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