Cwa Test Paper
REVISED SYLLABUS – 2008
REVALIDATION TEST PAPERS
INTERMEDIATE Group II
THE INSTITUTE OF COST ACCOUNTANTS OF INDIA DIRECTORATE OF STUDIES
© Copyright Reserved by the Institute of Cost Accountants of India
2
Questions to the Revalidation Test Paper — Intermediate-Group-II
PAPER - 8 COST AND MANAGEMNET ACCOUNTING
QUESTIONS TO REVALIDATION TEST PAPER-RV/08/CMA/2010
Time Allowed : 3 Hours Answer Question No. 1 which is compulsory and five from the rest. 1. (a) State whether the following statements are True (T) or False (F)-Give reasons : (i) ABC analysis is made on the basis of unit prices of materials. (ii) Cost of tube used for packing tooth paste is indirect material cost. (iii) Value analysis helps in cost control. (iv) No distinction is made between direct and indirect materials in Process Costing. (v) Cost industry makes use of output costing. (b) Match the following correctly : Merit rating Flexible budget Differential cost analysis Debenture interest Angle of incidence Pure finance not included in cost Profitability rate Evaluation of a job Liquidity Considers costs by behavior Decision taking Budgetary control Basis for remunerating employees (10 marks) Full Marks : 100
(5 marks)
(c) Choose the correct answer from the answers given for each of the following questions. Indicate workings briefly : (i) A worker has a time rate of Rs. 15/hr. He makes 720 units of a component (standard time:5 minutes/unit in a week of 48 hours. His total wages including Rowan bonus for the week is —————. (A) Rs. 792 (B) Rs. 820 (C) Rs. 840 (D) Rs. 864. (ii) A television company manufactures several components in batches. The following data relates to on component : Annual demand : 32,000 units; Set-up cost per batch : Rs. 120. Annual rate of interest : 12%; Cost of production per unit : Rs. 16. The Economic Batch Quantity is ___________ units (A) 2,500 (B) 4,000 (C) 3,000 (D) 2,000 (iii) A company has annual turnover of Rs. 200 lakhs and an average C/S
REVALIDATION TEST PAPERS
INTERMEDIATE Group II
THE INSTITUTE OF COST ACCOUNTANTS OF INDIA DIRECTORATE OF STUDIES
© Copyright Reserved by the Institute of Cost Accountants of India
2
Questions to the Revalidation Test Paper — Intermediate-Group-II
PAPER - 8 COST AND MANAGEMNET ACCOUNTING
QUESTIONS TO REVALIDATION TEST PAPER-RV/08/CMA/2010
Time Allowed : 3 Hours Answer Question No. 1 which is compulsory and five from the rest. 1. (a) State whether the following statements are True (T) or False (F)-Give reasons : (i) ABC analysis is made on the basis of unit prices of materials. (ii) Cost of tube used for packing tooth paste is indirect material cost. (iii) Value analysis helps in cost control. (iv) No distinction is made between direct and indirect materials in Process Costing. (v) Cost industry makes use of output costing. (b) Match the following correctly : Merit rating Flexible budget Differential cost analysis Debenture interest Angle of incidence Pure finance not included in cost Profitability rate Evaluation of a job Liquidity Considers costs by behavior Decision taking Budgetary control Basis for remunerating employees (10 marks) Full Marks : 100
(5 marks)
(c) Choose the correct answer from the answers given for each of the following questions. Indicate workings briefly : (i) A worker has a time rate of Rs. 15/hr. He makes 720 units of a component (standard time:5 minutes/unit in a week of 48 hours. His total wages including Rowan bonus for the week is —————. (A) Rs. 792 (B) Rs. 820 (C) Rs. 840 (D) Rs. 864. (ii) A television company manufactures several components in batches. The following data relates to on component : Annual demand : 32,000 units; Set-up cost per batch : Rs. 120. Annual rate of interest : 12%; Cost of production per unit : Rs. 16. The Economic Batch Quantity is ___________ units (A) 2,500 (B) 4,000 (C) 3,000 (D) 2,000 (iii) A company has annual turnover of Rs. 200 lakhs and an average C/S