Solutions to Assignments
MCO-05 Accounting for Managerial Decisions
(a) Distinguish among variable, fixed and semi-variable costs. Why is this distinction important?
(b) How cash flow statement is different from income statement? What are the additional benefits to different users of accounting information from cash flow statement?
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Question No. 2
(a) What do you understand by zero base budgeting? How is it different from traditional budgeting?
(b) “Responsibility accounting is a responsibility set-up of management accounting”. Comment.
Question No. 3
Question No, 4
(a) What do you mean by accounting reports? What are the different types of reports for internal use?
(b) Explain the significance of Profit-Volume ratio, Margin of Safety and Angle of Incidence?
Question No. 5
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