Professional Documents
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322
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Instructions :
1.
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Paper Booklet No. (as mentioned on the top of this booklet) in the OMR Answer Sheet, as the
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of 1 mark for every four wrong answers.
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the questions including those requiring filling-in the blank spaces, candidates shall choose one
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...
(SIGNATURE OF CANDIDATE)
1/2016/CMA
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1.
(ii)
3.
4.
5.
(C)
2,000 units
March 20
6,000 units
@ `6 per unit
March 28
4,000 units
The cost of inventory as on 31st March,
2016 under FIFO and weighted average cost
method will be
(A) `27,000 and `24,498
(B) `27,000 and `23,625
(C) `22,000 and `23,625
(D) `22,000 and `24,498
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(C)
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Cost accounting system can be
installed without management
accounting
9.
(ii)
(A) `1,260
(B)
(B)
`1,800
(C)
(C)
`1,620
(D) `1,890
10.
7.
(C)
(A) `87,000
(B)
`93,000
(C)
`1,27,000
(D) `53,000
(B)
(i)
(ii)
(C)
11.
1/2016/CMA ANSWERS MARKED IN THE OMR ANSWER SHEET SHALL ONLY BE EXAMINED
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322
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Select the correct answer usisng the codes
given below
(i)
12.
(ii)
(iii)
(iv)
(A) (D)
(D)
(I)
(I)
(B)
(D)
(D)
(I)
(D)
(C)
(D)
(D)
(D)
(D)
(D) (D)
(D)
(D)
(I)
15.
(C)
(C)
`2,50,000
(D) `1,50,000
14.
Break-even point
(C)
Re-order point
17.
(A) `3,00,000
`4,50,000
(C)
(B)
16.
13.
(B)
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18.
19.
20.
:6:
21.
Statements
(i)
(i)
Basis of
apportionment
(a) Floor area
Insurance
of stock
(ii) Rent and
(b) Number of
other building
workers
expenses
(iii) Fringe benefits (c) Direct wages
(iv) Holiday pay
(d) Capital value
Select the correct answer using the codes
given below
(i)
(ii)
(iii)
(iv)
(A) (a)
(c)
(d)
(b)
(B) (d)
(a)
(b)
(c)
(C) (d)
(b)
(a)
(c)
(D) (c)
(a)
(b)
(c)
Forms
(a) CRA 3
Central Government
by the company
(ii)
(b) CRA 2
(c) CRA 4
appointment of Cost
Auditor to MCA by
the company
(ii)
(iii)
(A) (a)
(b)
(c)
(B)
(c)
(a)
(b)
(C)
(b)
(a)
(c)
(D) (c)
(b)
(a)
22.
23.
`6
(C)
`4
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:7:
24.
: `20
: `16
Fixed expenses
: `60,000
`20
(C)
`22
27.
28.
(D) `32
25.
(C)
`8,600
`6,000
`5,000
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29.
:8:
rate from the
31.
: `19,200
: `1,200
(A) 10
: `150
: `50
: 10,000 hours
: 166 hours
(B)
12
(C)
15
(D) 4
32.
: 19 paise per
unit
Choose the correct option
(A) `4
(B) `3.95
(C) `5.95
(D) `3.50
30.
If certified work-in-progress is or
more but less than of the contract
price, no profit is to be transferred to
profit and loss account
(C)
1/2016/CMA ANSWERS MARKED IN THE OMR ANSWER SHEET SHALL ONLY BE EXAMINED
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322
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34.
38.
The
(A)
(B)
(C)
(D)
(C)
(C)
LIFO; Average
40.
(C)
Basic standard
(C)
Ideal standard
6 times
`3,00,000
20%
`4,000 more than
opening stock
opening stock is
`36,000
`38,000
`40,000
`42,000
:
:
:
:
39.
Stock turnover
Total sales
Gross profit ratio
Closing stock
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41.
: 10 :
(C)
42.
43.
46.
44.
47.
1/2016/CMA ANSWERS MARKED IN THE OMR ANSWER SHEET SHALL ONLY BE EXAMINED
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322
: 11 :
48.
49.
Profit
: `50,000
Contribution
: `70,000
Sales
: `7,00,000
The amount of margin of safety will be
(A) `4,00,000
(B) `5,00,000
(C) `2,50,000
(D) `1,45,000
50.
51.
1/2016/CMA
52.
53.
54.
55.
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56.
57.
58.
: 12 :
The
will
(A)
(B)
(C)
(D)
59.
60.
61.
1/2016/CMA ANSWERS MARKED IN THE OMR ANSWER SHEET SHALL ONLY BE EXAMINED
Contd ....
322
: 13 :
Select the correct answer from the options
given below
(A) (i) and (ii)
(B) (ii) and (iii)
(C) (i) and (iii)
(D) (ii) only.
62.
63.
64.
1/2016/CMA
(C)
150 Units
(C)
450 Units
`58,000
Purchases
`5,02,000
Return outwards
`18,000
Sales
`6,53,000
Return inwards
`13,000
Gross profit
25% on sales
8 times; 45 days
(C)
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67.
: 14 :
70.
(C)
2,000 Kgs.
order
`50
`40
8% of average
inventory
Cost of placing an
71.
(C)
(C)
: `18,000
: 2,000 units
: `2 per unit
sold
Quarterly consumption
of materials
: `1,60,000
72.
`3,00,000
`8,00,000
`2,80,000
`40
the price-
300 Kgs.
20 Kgs. per day
5 days
400 Kgs.
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322
: 15 :
73.
74.
75.
1/2016/CMA
76.
Amount
Stage of
(`)
completion
(%)
Erection cost
to date
7,500
25
60,000
60
expenses
47,500
50
Contract value
2,00,000
Fabrication cost
to date :
Material
Wages and other
`25,000 (Loss)
(C)
`26,000 (Profit)
(C)
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78.
: 16 :
Select the correct answer using
given below
(i)
(ii)
(iii)
(A) (c)
(a)
(d)
(B) (c)
(d)
(a)
(C) (d)
(a)
(b)
(D) (b)
(c)
(a)
` (in lakh)
Raw material
252
Direct labour
75
Direct expenses
10
81.
Administrative overheads
40
20
`800
(C)
`700
(D) `840
79.
(iv)
(b)
(b)
(c)
(d)
80.
225
(80% fixed)
the codes
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: 17 :
82.
83.
86.
Input material
: 10,000 units
Normal loss of total input : 8%
Closing work-in-progress : 900 units
Degree of completion for closing stock of
work-in-progress and abnormal loss :
Material 100%
Labour 70%
Output transferred to next process 7,900
units.
From the above information, equivalent
production units for material and labour are :
(A) 9,200 and 8,930 respectively
(B) 9,200 and 8,810 respectively
(C) 8,800 and 8,930 respectively
(D) 8,800 and 8,810 respectively.
Type of activity
Material
ordering
(ii)
activity
Designing the
product
activity
(iii) Production
manager salary
(iv) Use of
activity
(d) Batch level
consumables
activity
84.
(i)
(ii)
(iii)
(iv)
(A) (d)
(c)
(b)
(a)
(B)
(d)
(c)
(a)
(b)
(C)
(a)
(d)
(b)
(c)
(D) (d)
(a)
(b)
(c)
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87.
The standard material required to manufacture one unit of Product-A is 5 Kgs. and
the standard price per Kg. of material is `3.
The cost accountant's records, however,
reveal that 16,000 Kgs. of material costing
`52,000 were used for producing 3,000
units of Product-A.
Material price variance will be
(A) `4,000 (A)
(B) `4,000 (F)
(C) `4,300 (A)
(D) `4,300 (F).
88.
89.
: 18 :
90.
91.
92.
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: 19 :
93.
94.
98.
99.
: `4,00,000
: `35,000
:
:
:
be
`45,000
`4,75,000
`1,25,000
95.
96.
1/2016/CMA
97.
P.T.O.
322
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1/2016/CMA ANSWERS MARKED IN THE OMR ANSWER SHEET SHALL ONLY BE EXAMINED
Contd ....