I-5(CMA) Revised Syllabus |
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Time Allowed : 3 Hours | Full Marks : 100 | |||
Answer Question No. 1 which is compulsory and any five from the rest . | ||||
Marks |
1. | (a) | State whether the following statements are true (T) or false (F):
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(b) | Match the following correctly:
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(c) | Choose the correct answer from the brackets:
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2. | (a) | State the method of costing suitable for the following industries. Also mention the cost unit for each:
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(b) | Mention four important assumptions made for 'Break-even Analysis'. | 4 | |||||||||||||
(c) | How are the following costs treated in Cost accounts?
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6 |
Please turn over |
( 2 )
I-5(CMA) Revised syllabus |
Marks |
3. | Compute a comprehensive machine hour rate for a machine in Production department 'A' of a factory from the following details:
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4 | From the following information relating to Process I of a factory for the month of April 2003, prepare the statement of equivalent production, statement of cost, statement of evaluation and Process Account, using average Cost method; |
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( 3 )
I-5(CMA) Revised syllabus |
Marks |
5. | (a) | What is Profit-Volume Ratio? Mention some possible courses of action to improve this ratio. |
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(b) | A company earned a profit of Rs. 2,00,000 on a sale volume of Rs. 14,00,000 during the first half of a year, the fixed cost being Rs. 5,00,000. However during the second half of the year it incurred a loss of Rs. 1,00,000 although unit variable cost, selling price and fixed cost remained the same.
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6. | (a) | Mention four important uses of 'Ratio Analysis'. | 4 | ||||||||||
(b) | The following information are furnished by a company in regard to its working, as on 31.3.2003:
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Reserves amount to 40% of share capitals. All sales are on Credit.
Current assets consist of stock, debtors and cash only. Prepare the Balance Sheet of the Company as on 31.3.03. |
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7. | (a) | What do you understand by the following in the context of operating a standard cost system?
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(b) | Raw material 'A' and 'B' having standard cost of Rs. 20/kg and Rs. 30/kg are mixed in the standard ratio of 60%: 40% to manufacture 'Z'.
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8. | Write short notes on any four of the following:
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4x4=16 | |||||||||||
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