CA Inter Cost and Management Accounting MTP May 2024: Question Paper and Solutions

How to Prepare for CA Intermediate Cost and Management Accounting

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Question directory and available solutions

44 indexed questions. Open a question to read its full statement and available answer.

1. Arnav Ltd. manufactures chemical solutions used in paint and adhesive products. Chemical solutions are produced in different processes. Some of the…
2. M Ltd. is producing a single product and may expand into product diversification in next one to two years. M Ltd. is amongst a labour-intensive…
3. The wages budget for the last period was based on a standard repair time of 30 minutes per unit and a standard wage rate of 50 per hour. The actual…
4. The following extract is taken from the overhead budget of X: Budgeted activity 50% 75% Budgeted overhead (₹) 30,00,000 40,00,000 What would be the…
5. Which of the following statements relating to Zero Based Budgeting (ZBB) is false:
6. Based on the data below, what is the amount of the overhead under-/over-absorbed? Budgeted overhead - 5,25,000 Budgeted machine hours- 17,500 Actual…
7. A customer has been ordering 80,000 caps during the year. It is estimated that it costs 1as inventory holding cost per cap per month and that the…
8. P Ltd. manufactures two products called ‘X’and ‘Y’. Both products use a common raw material Z. The raw material Z is purchased @72 per kg from the…
9. Prepare Purchases budget for Material Z (in kgs and value) for the year ended 31st March 2025.
10. If there is a sole supplier for the raw material Z in the market and the supplier do not sale more than 4,000 kg. of material Z at a time. Keeping…
11. Chiku Transport Service is a Delhi based national goods transport service provider, owning four trucks for this purpose. The cost of running and…
12. S & Sons, an unregistered supplier under GST, purchases material from V Ltd. which is a GST registered supplier. The following information is…
13. What are the important ledgers to be maintained under non-integrated accounting system in the Cost Accounting?
14. The following particulars have been compiled in respect of three workers, which are under consideration of the management. I II III Actual hours…
15. AB Ltd produces a single product V2 and sells it at a fixed price of 2,050 per unit. The production and sales data for first quarter of the year…
16. PQ Ltd. sells bottles and currently is trying to find out the profitability of opening another store which will have the following expenses and…
17. SARA Ltd. has furnished the following standard cost data per' unit of production: Material 15 kg @15 per kg.Labour 6 hours @5 per hourVariable…
18. The following budgeted information relates to Pinku Ltd. for the year 2024: Products A B C Production and Sales (units) 1,00,000 80,000 60,000…
19. EXPLAIN the treatment of over and under absorption of overheads in cost accounts.
20. “Technology has played a significant role in cost accounting enabling business to automate their process.” EXPLAIN the impact of Information…
21. As per the controllability, cost can be classified as controllable & uncontrollable costs. How will you DIFFERENTIATE them?
22. How apportionment of joint costs upto the point of separation amongst the joint products using market value at the point of separation and net…
23. A meeting of the heads of departments of the Arnav Ltd. has been called to review the operating performance of the company in the last financial…
24. K Ltd. is a manufacturer of a single product A. 8,000 units of the product A has been produced in the month of March 2024. At the beginning of the…
25. If the amount of wages under Halsey plan is 420, total time allowed is 8 hours and the guaranteed time rate is 60 per hour. What is the total time…
26. From the following information, calculate the Total cost of Product A and B using the ABC analysis: Product A Product B Units 5,000 5,000 Number of…
27. What would be Prime cost from below information? Direct materials Purchased :75,000Direct labour :45,000Direct expenses :15,000Manufacturing…
28. A product passes through Process-I. Input raw material issued were 8,000 units. Normal loss anticipated was 10% of input with realisable value of 5…
29. Find out the most appropriate unit cost from the following information of ZMD Transport Services Ltd. dealing in goods carriage: Total cost =…
30. The product of a manufacturing concern passes through two processes A and B and then to finished stock. The details of expenses incurred on the two…
31. DSM Ltd manufactures speed boats which require propeller TP-M4. The following particulars are collected for the year 2023-24: Annual demand of TP-M4…
32. A skilled worker in Shanu Ltd. is paid a guaranteed wage rate of 30 per hour. The standard time per unit for a particular product is 4 hours. Sam, a…
33. The following information are available for the three machines of a manufacturing department of KBC Ltd.: Preliminary estimates of expenses (per…
34. Happi Ltd. Produces product RP in batches, management of the Happi Ltd. wants to know the number of batches of product RP to be produced where the…
35. Aman International School has a total of 180 students consisting of 6 sections with 30 students per section. The school plans for a picnic around…
36. Anju Limited has collected the following data for its two activities. It calculates activity cost rates based on cost driver capacity. Activity Cost…
37. The following are the budgeted details are available from the records of a manufacturing company SP Ltd.: Particulars ₹ Direct Materials 2,13,000…
38. HOW is slow moving and non-moving item of stores detected and WHAT steps are necessary to reduce such stocks?
39. WHEN is the reconciliation statement of Cost and Financial accounts not required?
40. Following information relate to a manufacturing concern for the year ended 31st March, 2023: (₹) Raw Material (opening) 2,28,000 Raw Material…
41. A hotel having 20 single rooms is having 80% occupancy in normal season (8 months) and 50% in off- season (4 months) in a year (take 30 days month).…
42. Why is it necessary to reconcile the Profits between the Cost Accounts and Financial Accounts?
43. DISCUSS the essential features of a good cost accounting system?
44. ENUMERATE the remedial steps to be taken to minimize the labour turnover OR DISCUSS basic assumptions of Cost Volume Profit analysis.