CA Inter Cost and Management Accounting MTP May 2025: Question Paper and Solutions

How to Prepare for CA Intermediate Cost and Management Accounting

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Question directory and available solutions

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

1. Rinku Ltd is a manufacturing company which is producing bags of different varieties. The company is planning to establish a new plant in the…
2. A company is working in manufacturing sector and uses labour-force, which consists of skilled, semi-skilled, and unskilled workers. The rate of…
3. A manufacturing firm is presently producing and selling 10,000 units of a product at 500 per unit in the domestic market. The fixed cost per unit at…
4. A truck having a capacity of 5 tonnes of goods normally carries 80% of the load on the outward journey and 40% of the load on inward journey. The…
5. A company manufactures 5,000 units of a product per month. The cost of placing an order is 100. The purchase price of the raw material is 10 per kg.…
6. Product Y yields two by-products A and B. The joint cost of manufacture is 2,00,000. Sales of A and B are - 80,000 and - 50,000 respectively.…
7. The accountant for Brilliant Tools Ltd applies overhead based on machine hours. The budgeted overhead and machine hours for the year are - 1,30,000…
8. A company uses three raw materials A, B and C for a particular product for which the following data apply: Raw Material Usage per unit of product…
9. S Travels has been promised a contract to run a tourist car on a 20 km. long route for a multinational firm. He buys a car costing - 4,50,000. The…
10. PR Ltd. totally understands the importance of employee motivation and retention, thus, it has implemented a structured wage policy. The basic wage…
11. Electraunika Ltd. manufactures two types of cables- 'USB Type C Cable' and 'USB Lightning Cable'. As the market is currently dominated by 'USB Type…
12. DISCUSS the effect of overtime payment on productivity.
13. DESCRIBE briefly, how joint costs upto the point of separation may be apportioned amongst the joint products under the following methods: (i) Market…
14. PR Ltd., a leading chemical company specializing in the production of specialty chemicals and industrial products, manufactures Product X through…
15. AeBee Ltd. disclosed a net loss of 9,02,200 as per their cost accounts for the year ending 31 st March. However, the financial accounts disclosed a…
16. ChispyChip Ltd. manufactures 3 types of packed chips namely Crunchy Potato, Crispy Corn and Crumbly Banana and offers to sell them at wholesale…
17. A company manufactures two products, X and Y, which are sold to retailers. These products are part of the company's core offerings and are crucial…
18. RN Ltd. is a manufacturing company producing single product. The following information is available relating to current financial year: Activity…
19. Arnav Ltd. has three production departments M, N and O and two service departments P and Q. The following particulars are available for the month of…
20. Standard costs, marginal costs are some of the types of cost which helps the management in decision making. DISCUSS any five types of costs…
21. Provide EXAMPLE(S) of the cost driver for the following cost pools: Cost Pool Quality Control Research and Development Machine Maintenance Employee…
22. Besides having advantages of Budgetary Control System being a powerful instrument used by business entity for the control of their expenditure, it…
23. Cost control emphasis is on past and present, while cost reduction emphasis is on present and future. DISCUSS some more differences between Cost…
24. Company Rontomax maintains its accounts in Delhi head office. All the records of Rontomax are safely kept in this office only. In the 2nd quarter…
25. ABC Transport Services Pvt. Ltd. is a private bus company renowned for providing reliable and comfortable intercity passenger services. The company…
26. The following figures are extracted from the books of a company: Budgeted overheads - 20,000 (Fixed - 12,000, Variable - 8,000) Budgeted output…
27. Pre-determined factory overhead rate was 15 per labour hour. Actual labour hour worked 60,000. Actual factory overhead was - 11,00,000 however it…
28. PG Ferry services Pvt Ltd. provide ferry services between two towns. Distance one way is 18.52 nautical miles. Seating capacity of a ferry is 125…
29. A firm introduced 3,000 units of material in the manufacturing process. During the period 2,500 units were completed and transferred to next…
30. Production set up costs - 3,50,000; Total production is 50,000 units of each of the products X and Y; Production in each run is 2,000 units of X or…
31. Aditya Ltd. has a monthly requirement for an item of raw material is 1,000 units. The purchase price per unit of material is 60. The cost of…
32. A company has 120 direct labourers. Each labourer is paid 800 per 40 hour week. Owing to customer demands and timelines, Overtime is resorted to a…
33. A company having a factory in Chennai has a 8 machineries in the process of manufacture. The company has purchased a new machinery costing -…
34. The following information is made available: Opening stock of Work in progress - 60,000Opening Raw Materials - 1,20,000Opening Finished Goods -…
35. The following is the summarised Trading and Profit and Loss Account of XYZ Ltd. for the year ended 31st March 2024: Particulars Amount (₹)…
36. The details corresponding to the manufacture of a product X is as follows: Materials 20 units @3 per unit - 60Wages 10 hours @16 per hour -…
37. EXPLAIN the treatment of given items of Cost in Cost Sheet/Statement (i) Abnormal costs (ii) Subsidy/Grant/Incentives (iii) Penalty, fine, damages,…
38. A factory uses job costing system. The following data are obtained from its books for the year ended 31st March, 2025: Amount (₹) Direct materials…
39. H-2025 Ltd. is a manufacturer of a range of goods. The cost structure of its different products is as follows: Particulars Product A Product B…
40. EXPLAIN how would you treat the idle capacity costs in Cost Accounts.
41. In a chemical manufacturing company, three products A, B and C emerge at a single split off stage in department P. Product A is further processed in…
42. Bricks & Cement Pvt. Ltd. is a building supplies company offering a wide range of materials like bricks, cement, and aggregates to both trade…
43. ENUMERATE the factors which are to be considered before installing a system of cost accounting in a manufacturing organization.
44. EXPLAIN the difference between Bill of Materials and Material Requisition Note.
45. EXPLAIN the meaning of Idle time and SHOW the treatment for the following causes of Idle time. Causes Treatment 1. The time lost between factory…
46. ABC Ltd., a mid-sized manufacturing company, has been facing frequent cost overruns and profit fluctuations over the past year. The management is…