CA Inter Cost and Management Accounting PYQ 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

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

1. Tesco cycles Ltd. used about 3,60,000 cycle locks per annum and the usage is fairly constant at 30,000 per month. The cycle lock costs 240 each at…
2. A company produces two products, A and B, through a joint production process. The total joint production cost incurred is as under: Material 20,000…
3. Following data is available for XYZ Ltd. for the month of February 2024: Standard working hours 8 hours per day of 6 days per week No. of weeks in…
4. Luxury Designer Pvt. Ltd. is a manufacturing company, which manufactures readymade designer shirts. It has four customers: two wholesale category…
5. Star Airlines operates a single aircraft of 180 seats capacity between city 'ND' and 'GA'. The average normal occupancy is estimated at 70% per…
6. A factory is currently working at 60% capacity and produces 12,000 units of a product. Management is thinking to increase the working capacity…
7. S.K. Manufacturing Co. Ltd. showed a net profit of 5,40,400 as per their cost accounts for the year ended 31.03.2004. However, the financial books…
8. Meta Company Ltd. is engaged in the production of product 'Trio' which passes through two different processes Process P and Process Q. Other…
9. The cost variance report was being discussed at a review meeting where in Cost Accountant of the company reported under-absorption of production…
10. Super Ltd, a manufacturing company is facing the problem of high labour turnover in the factory. Before analysing the causes and taking remedial…
11. The following information is given by PQR Ltd: Year Sales (₹) Profit (Loss (₹) 2022-23 1,80,00,000 (3,80,000) 2023-24 2,40,00,000 11,20,000 You are…
12. Discuss Feedback Control and Feedforward Control system of budgetary control.
13. Distinguish between cost control and cost reduction.
14. Distinguish between Waste and Scrap. Discuss the treatment of normal and abnormal scrap in Cost Accounts.
15. Describe Unit Costing and Batch Costing. Give three examples of industries for each method where these are used.
16. 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…