CA Inter Cost and Management Accounting MTP September 2024: 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. Tropic Pvt Ltd was engaged in the business of manufacturing Product P. The product P required 2 units of Material R. The company intends to sell…
2. XYZ Manufacturing Pvt. Ltd. is a prominent company in the electric appliances industry, known for producing a diverse range of high-quality…
3. A FMCG company has an annual demand of 50,000 units for its specific product whose setting up cost per batch is 10,000 and carrying cost per unit…
4. A furniture company uses premium wood for sofa. Standard quantity of premium wood per sofa is 5 sq. ft. Standard price per sq. ft. of premium wood…
5. One of Pintu Company's cost pools is parts administration. The budgeted overhead cost for that cost pool was - 4,00,000 and the expected activity…
6. A truck carrying 10 tons of goods over 200 kilometres per day for 26 days in a month. The ton kms applicable is -
7. 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 hrs.…
8. From the following data of Meta Ltd., CALCULATE Cost of production: Amount (₹) (i) Repair & maintenance paid for plant & machinery 9,80,500 (ii)…
9. A manufacturing company has disclosed net loss of 48,700 as per their cost accounting records for the year ended 31st March, 2024. However their…
10. A job can be executed either through workman A or B. A takes 32 hours to complete the job while B finishes it in 30 hours. The standard time to…
11. PQR Company Ltd. provides the following information relating to Process-P: Opening Work-in-progress - NILUnits Introduced - 45,000 units @10 per…
12. EXPLAIN the treatment of following items in cost sheet. Credit for RecoveriesPacking Cost (primary)Joint Products and By-ProductsQuality Control Cost
13. A company manufactures one main product (MN) and two by-products AB and PQ. For the month of January 2024, following details are available: Total…
14. A mini-bus, having a capacity of 32 passengers, operates between two places - 'A' and 'B'. The distance between the place 'A' and place 'B' is 30…
15. The following particulars refer to process used in the treatment of material subsequently, incorporated in a component forming part of an electrical…
16. Anju Limited produces a product 'Pect' which is sold in a 10 Kg. packet. The standard cost card per packet of 'Pect' are as follows: Particulars ₹…
17. Bicon Ltd. manufactures two products using two types of materials and one grade of labour. Shown below is an extract from the company's working…
18. Icecold a FMCG Company manufactures and sells three flavors of ice cream: Dark chocolate, Chocolate, and Butterscotch. The batch size for the ice…
19. EXPLAIN the types of responsibility centres.
20. EXPLAIN the efficiency rating procedures of the employees.
21. WHAT are the essential pre-requisites for integrated accounts?
22. WHAT are the principles of estimation of costs and benefits?
23. Mr. Vikas, a toy importer has understood the importance of manufacturing in India. He is backed up by the new govt. policies that motivate him to…
24. Hilfy textiles Ltd. has been a major player in the textile industry, producing high-quality polyester mix cotton fabric. The production process is…
25. A company's fixed costs are - 5,00,000, the selling price per unit is 200, and the variable cost per unit is 100. How many units must the company…
26. 1200 Kg of a material were input to a process in a period. The normal loss is 8% of input There is no opening or closing work-in-progress. Output in…
27. ABC Manufacturing allocates its factory overhead costs based on machine hours. The total estimated overhead cost for the year is 6,00,000, and the…
28. A factory has a capacity utilization ratio of 85% and its activity ratio is 95%. Which one of the following is the efficiency ratio?
29. A company uses batch costing and incurs a setup cost of 20,000 for a batch of 300 units. If direct materials cost 20 per unit and direct labor costs…
30. A skilled worker is paid a guaranteed wage rate of 150.00 per hour. The standard time allowed for a job is 50 hours. He gets an effective hourly…
31. SpeedEx Logistics, established in 2010 and headquartered in Mumbai, India, operates within the transportation and logistics industry as a…
32. Alpha Ltd. has an Annual demand from a single customer for 60,000 Covid-19 vaccines. The customer prefers to order in the lot of 15,000 vaccines per…
33. As demand for LED light increases, more entrepreneurs are coming into its manufacturing process. eLED Pvt. Ltd. is also one of the recently formed…
34. EXPLAIN the Usefulness/Suitability of ABC.
35. A company manufactures and sells a product, the price of which is controlled by the Government. Raw material required for this product is also made…
36. ABC Ltd is engaged in producing electronic equipments. It has furnished following details related to its products produced during a month: Units…
37. Allurgy Ltd. is into metallic tools manufacturing. It has four production departments. The work performed in every department is fairly uniform,…
38. The financial books of a company reveal the following data for the year ended 31 st March, 2024: (₹) Opening Stock: Finished goods 545 units 48,250…
39. PPP Ltd. is currently operating at 80% of its capacity producing 80,000 units. For the past two years, the production is increasing by 10% of its…
40. Management of Tillu manufacturing co. is thinking of installing a costing system its company. What practical DIFFICULTIES management will expect and…
41. Anju Ltd. is engaged in production of butter. While producing butter buttermilk is also produced. Buttermilk is identified as by-product of butter.…
42. Fixed budgets are very simple to understand and less time consuming, however, only flexible budgets are more realistic and practicable because it…
43. DISCUSS the objectives of time keeping & time booking.