CS Executive Cost and Management Accounting PYQ December 2013: Question Paper and Available Answers
CS Executive
Cost and Management Accounting
PYQS Series
December 2013
36 Questions Indexed
ICSI Examination Archive & Suggested Answers: This directory contains indexed questions from the paper for CS Executive Cost and Management Accounting PYQS (December 2013). Open the source paper and available answers. Older sessions follow the syllabus and statutory provisions applicable to their examination year.
Indexed questions
- During inflation, last-in-first-out (LIFO) method results in more appropriate valuation of closing stock.
- Perpetual inventory is a method of maintaining records, whereas continuous stock taking involves physical checking of those records with actual stock.
- The technique of marginal costing can be a valuable aid to management.
- A cash budget is a plan of the receipts and payments of cash for the budget period, drawn up so that the balance can be forecast at regular intervals.
- Distinguish between the following: 'Cost allocation' and 'cost apportionment'.
- Distinguish between the following: 'Joint products' and 'by-products'.
- Compute machine hour rate of a machine in a shop consisting of three similar machines occupying equal floor space. Following details are supplied for the machine of which standard
- From the following particulars prepare a statement in such form as you consider most suitable for showing clearly all elements of cost: ₹ Opening stock of raw materials 30,000 Purc
- Future Construction Ltd. was awarded with a contract worth ₹10,00,000. Following expenses were incurred by the company for the year ended 31 st March, 2012: ₹ Plant issued to contr
- Explain the cost concepts: Opportunity cost
- Explain the cost concepts: Sunk cost
- Explain the cost concepts: Differential cost
- Explain the cost concepts: Conversion cost
- Activity based costing has been devised to overcome the inadequacies of traditional methods of overhead absorption. Explain.
- Bimal, a worker, has produced 180 units in a week's time. The guaranteed time wages for a forty hour week is ₹72 with an expected output of 140 units. As a part of the incentive sc
- Prepare a reconciliation statement from the following figures and ascertain the profits as per financial books: ₹ Loss as per cost accounts 50,000 Under-valuation of closing stock
- Reconciliation of cost and financial books is warranted only in the case of non-integrated accounting. Explain.
- Write a note on 'escalation clause'.
- A manufacturer uses 75,000 units of a particular material per year. The material cost is ₹1.50 per unit and the carrying cost is estimated at 25% per annum of average inventory cos
- A manufacturing company has three production departments and two service departments. Given below are the production overheads incurred in respect of each department: Production De
- A truck starts with a load of 20 tonnes of goods from station A. It unloads 6 tonnes at station B and rest of the goods at station C. It reaches back directly to station A after ge
- A factory is currently running at 50% capacity and produces 5,000 units at a cost of ₹180 per unit as per the details given below: ₹ Material 100 Labour 30 (₹12 fixed) Factory over
- Sunrise Ltd. sold goods for ₹3,00,000 in a year. In that year, the variable cost was 60% of sales and profit was ₹80,000. Selling price per unit was ₹100. Find out for the year (i)
- Sunrise Ltd. sold goods for ₹3,00,000 in a year. In that year, the variable cost was 60% of sales and profit was ₹80,000. Selling price per unit was ₹100. Find out for the year (ii
- Sunrise Ltd. sold goods for ₹3,00,000 in a year. In that year, the variable cost was 60% of sales and profit was ₹80,000. Selling price per unit was ₹100. Find out for the year (ii
- Sunrise Ltd. sold goods for ₹3,00,000 in a year. In that year, the variable cost was 60% of sales and profit was ₹80,000. Selling price per unit was ₹100. Find out for the year (iv
- From the following information of a company, determine (i) Labour cost variance Standard labour cost per unit of production is ₹15. Time allotted per unit is 3 hours. 300 Units are
- From the following information of a company, determine (ii) Labour efficiency variance Standard labour cost per unit of production is ₹15. Time allotted per unit is 3 hours. 300 Un
- From the following information of a company, determine (iii) Labour rate variance Standard labour cost per unit of production is ₹15. Time allotted per unit is 3 hours. 300 Units a
- A fertilizer manufacturing company manufactures and markets a chemical fertilizer by blending three raw materials N, P and K. The standard loss permitted for the process is 10%. Du
- A fertilizer manufacturing company manufactures and markets a chemical fertilizer by blending three raw materials N, P and K. The standard loss permitted for the process is 10%. Du
- A fertilizer manufacturing company manufactures and markets a chemical fertilizer by blending three raw materials N, P and K. The standard loss permitted for the process is 10%. Du
- A fertilizer manufacturing company manufactures and markets a chemical fertilizer by blending three raw materials N, P and K. The standard loss permitted for the process is 10%. Du
- A fertilizer manufacturing company manufactures and markets a chemical fertilizer by blending three raw materials N, P and K. The standard loss permitted for the process is 10%. Du
- Calculate the cash flow from operating activities on the basis of the following information using indirect method: (in lakhs ₹) Sales 487.23 Interest earned 58.45 Total income 545.
- In a factory, a product is produced through two distinct processes; Process-A and Process-B. On completion, the product is transferred to finished stock account. During the month o
How to Prepare for CS Executive Cost and Management Accounting
Use past questions to practise the paper format and review available answers. Check the current syllabus, applicable law and examination duration before attempting a timed paper.