1.In a certain department of a factory there are two shops. Total departmental overheads for a year are `1,20,000 and the estimated number of direct labour hour is 24,000 (10 men employed for 48 hours per week during 50 weeks in the year). From the particulars given below calculate the prime cost and works cost of a work order No. 54 which passes through both shops:

(1) Material consumed `1,000.

(2) Direct labor hours shop A -8hrs at '6.00 per hour

Shop B-5hrs 7.50 per hour

3) Works overheads are to be levied by means of a direct hour rate

2.How can consumer satisfaction be measured using perspectives of financial and non-financial measures.

3.What is just in time technique for managerial accounting.

4.How do you measure impact of managerial control on employees behavior

5.What are some alternative methods of measuring value of intangible assets

6.What impacts do managerial accounting for operation managers have in decision making and planning.

7.Discuss the need of database logical structures and their significance in effective management of database.

8.Why are retained earnings not distributed to shareholders in a public company.

9.State and explain when a company should report a balanced sheet

10.Why is volume a totally independent variable from price in the market

44 Joint Gaussian Probability Density Function The random variables X and Y have joint Gaussian probability density function ( pull ) given EXD 21 1 19 (a) Find the mean of Z = X + 67 17. (b) Find the variance of Z = X +67 +7.Consider the linear model Y = alX1 + a2X2 +b where the vector ( X1, X2) has a bivariate Gaussian distribution with means #1, #2, variances of, 02, and correlation coefficient p12. Consider the vector (X1, Y). One can show (via some involved calculus) that (X1, Y) has a bivariate Gaussian distribution. Determine its two means, two variances, covariance, and correlation coefficient. Remark: In lecture we considered precisely this problem but under the as- sumption that X] and X2 are independent