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

Problem 7.4 (10 points) A Markov chain Xo, X1, X2, ... with state space S = {1, 2,3, 4) has the following transition graph: 0.5 0.5 0.5 1 0.5 0.5 0.5 2 0.5 0.5 (a) Provide the transition matrix for the Markov chain. (b) Determine all recurrent and all transient states. (c) Determine all communication classes. Is the Markov chain irreducible? (d) Find the stationary distribution. (e) Can you say something about the limiting distribution of this Markov chain?Consider a Markov chain {Xn, n = 0, 1, . .. } on the state space S = {0, 1, 2}. Suppose that the Markov chain has the transition matrix 0 1 - P = 1 0 0 N/H 1. Show that the state space is irreducible. 2. Show that the Markov chain is periodic. Find the period of the Markov chain. 3. Let h denote a stationary mass of the Markov chain. Find h(x) for all x E S.Problem 7.4 (10 points) A Markov chain X0,X1, X2, . . . with state space S = {1, 2, 3, 4} has the following transition graph: (a) Provide the transitiOn matrix fer the Markov chain. (13) Determine all recurrent and all transient states