CA Inter Cost and Management Accounting MTP May 2026: Question Paper and Solutions

How to Prepare for CA Intermediate Cost and Management Accounting

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Question directory and available solutions

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

1. Mr. Sagar, the CFO of Super high Ltd. was shocked to see the plummeting margins in the second quarterly results of the company as presented in the…
2. A manufacturing company is in the process of preparing its cost sheet for the financial year. The management wants to analyze the efficiency of…
3. The following expenditures were incurred in P.L. Ltd. for the month of March, 2025: Particulars Amount (₹) (i) Product blueprint cost 1,90,000 (ii)…
4. Standard hours required for doing a work is 100 hours and budgeted hours is 120 hrs. while the same work is actually completed by workers in 110…
5. BCIC Ltd. is a insurance company. It launched a new term insurance policy Names as Protection Plus. The total cost for the policy during the year is…
6. ICT Ltd. belongs to pharmaceutical industries. The chemical process that ICT Ltd. operates convert one compound into three category of medicines…
7. A company manufactures eye-glass frames at the rate of 1,200 frames per month. The company wants to determine the most economical production batch…
8. A factory operates 8 hours per day with 6 working days in a week. The worker is paid @500 per day as basic plus 40% dearness allowance. Overtime…
9. A manufacturing company disclosed a net loss of 6,40,000 as per their cost accounts for the year ended 31st March, 2025. However, the financial…
10. A transport truck starts with a load of 30 MT of goods from Delhi. It unloads 12 MT at Agra and the remaining goods at Jaipur. On its return…
11. COMPUTE the missing data indicated by the question marks from the following: Particulars A B Standard Price/ unit 12 15 Actual Price/ unit 15 20…
12. Pentax Limited has prepared its expense budget for 20,000 units in its factory for the year 2026 as detailed below: (₹ per unit) Direct Materials 50…
13. The following information has been extracted from the books of AB Ltd. for the year ended 31st March, 2025: Particulars Material X Material Y…
14. The Union Ltd. has the following account balances and distribution of direct charges on 31st March, 2025. Total Production Depts. Service Depts.…
15. MintCraft Pvt. Ltd. specializes in producing custom-designed award medallions and corporate commemorative coins. The company operates at a monthly…
16. AquaPaints Ltd. is engaged in the manufacturing of water-based paints for the construction industry. The production is carried out in a continuous…
17. Jyoti Mfg. Co. has decided to increase the size of the store. It wants the information about the probability of the individual product lines :…
18. Briefly EXPLAIN Zero-based Budgeting (ZBB) along with its steps
19. SPECIFY the responsibility centre type for each of the following scenarios: Sr. No. Particulars Type of Responsibility Centre (i) Decentralised…
20. XYZ Manufacturing Ltd. is facing high employee turnover and a rise in idle time in its Assembly Department. On investigation, it was found that…
21. ABC Manufacturing produces a specialized fastener in batches to meet an annual demand of 24,000 units. The accountant is considering whether to…
22. In a factory, both direct and indirect employees are entitled to production bonus in accordance with a group incentive scheme, the outline of which…
23. A company, ABC Professional Services Ltd., is organizing a one-day corporate training workshop as part of its annual employee development program.…
24. A manufacturer of industrial fasteners produces high-strength bolts. Last year, they sold 35,000 bolts at a price of 50 each. Their total fixed cost…
25. In a workshop, there is a standard requirement of 30 labour hours for producing a wooden toy. The standard wage rate is set at 20 per hour. In…
26. 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.…
27. A company manufactures a product with a monthly demand of 2,000 units. Each unit costs 50to produce, and the setup cost per batch is 3,000. The…
28. XYZ Ltd. manufactures a single product 'Z'. The company by using traditional costing method absorbs all production overheads based on machine hours.…
29. Alpha Tech Industries Pvt. Ltd. is a mid-sized company that manufactures electronic components for solar inverters. In the financial year 2024, the…
30. The following details are available of Process X for August 2025: (1) Opening work-in-progress 8,000 units Degree of completion and cost: Material…
31. Fruit Ltd. produces “Mango Burst”, a popular beverage. It is reviewing their material costs for the month of March, 2025. Following data is…
32. GreenLeaf Furniture Ltd., a small but rapidly growing manufacturer of bespoke wooden furniture, has prepared its operating budget for the…
33. Skyline Travels Pvt. Ltd., a New Delhi-based cab rental company, offers transportation services to tourists across major destinations including…
34. ZED Limited is working by employing 50 skilled workers, it is considering the introduction of incentive scheme-either Halsey scheme (with 50% bonus)…
35. Stellar Equipments Pvt. Ltd. manufactures advanced renewable-energy control modules used in solar and wind-power systems. During the financial year…
36. ABC Steel Ltd has its own Captive Power Generation Unit, which has two users, Rolling Mill Department and Finishing Department. When the plans were…
37. “Calculation of variances in standard costing is not an end in itself, but a means to an end.” DISCUSS.
38. M/s Nova Private Limited has a normal production capacity of 48,000 units of toys per annum. The estimated costs of production are as under: (i)…
39. XYZ Engg. Ltd. manufactures two types of specialized components Alpha and Beta. Following data pertains to their operations for the month of October…
40. STATE cost unit of the following Industry Sector: Industry Sector Cost Unit Oil Professional services Education
41. DESCRIBE Unit Costing and Batch Costing. GIVE three examples of industries for each method where these are used. Also, EXPLAIN the costing procedure…
42. DESCRIBE briefly idle time and explain the treatment of idle time in cost accounts in following situations: (i) The setting up time for the machine…
43. DISCUSS Feedback Control and Feedforward Control system of budgetary control.