CMA Model Exam QP
CMA Model Exam QP
CMA Model Exam QP
TIME: 3Hrs
Max.Mark:75
SECTION A
ANSWER ALL THE QUESTIONS
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
SECTION B
ANSWER ALL THE QUESTIONS
11.
(10 x 2 = 20)
(5 x 5 = 25)
12.
Rs
Direct Materials
10,000
Direct Labour
4,000
Direct expenses
500
Foctory expenses
1,500
Administrative expenses
1,000
Selling expenses
300
Sales
20,000
(a) Calculate the economic Order Quality from the following Particulars.
Annual usage 20,000 units
Buying Cost Perorder Rs.10
Cost of carrying inventory 10% of cost
(or)
(b) Calcuate Reorder level Minimum Stock Maximum Stock level and Average Stock level the following
information.
Normal Usage
300 units\week
Maximum Usage
450 units\week
Minimum Usage
150 units\week
Reorder Period
4 to 6 weeks
Reorder Quantity
2400 units
13.
(a) What are the difference between Cost and Management Accounting?
(or)
(b) What are the objectives of management Accounting?
14.
(a) Prepare a Production budget for three months ending March 31,1986, for a Factory Producing four
Products on the basis of the following information.
Type of
product
A
B
C
D
(or)
(b) BPL Ltd. wishes to arrage overdraft facillities with its bankers during the period April to June 1983. When it
will be manufacturing mostly for stock. Prepare a cash Budget for the above period from the following data
indicating the extent of the bank facillities the company will resquire at the end of each month.
a)
Feb.1983
March
April
May
June
Credit sales
180000
192000
108000
174000
126000
Purchases
124800
144000
243000
246000
268000
Wages
12000
14000
11000
10000
15000
b) 50% of crdit sales are realised in the month following the sales and the remaning 50% in the second month.
Creditors are paid in the month following the month of Purchases.
c) Cash at banu on 1-4-1983 estimated at 25000.
15. (a) Calculate Break even Point from the following particulars.
Rs.
Fixed expense
1,50,000
Variable cost per unit
10
Selling Price Per unit
15
(or)
(b) From the following information relating to Quicks Standards Ltd. you are required to find out (a) P.V. Ratio (b)
Break even Point (c) Margin of safety.
Rs.
Total Fixed Costs
4500
Total variable cost
7500
Total sales
15000
SECTION C
ANSWER ANY THREE QUESTIONS
(3 x 10 = 30)
16) What are the difference between Cost Accounting and Financial Accounting?
17) X company has Purchased and issued Materials as under 1998.
June 1. Stock of Marterials
200 units at Rs-2.50 per unit
3. Purchased
300 units at Rs-3 per unit
7. Purchased
500 units at Rs-4 Per unit
10. Issued
600 units
12. Purchased
400 units at Rs-4 per unit
18. Issued
500 units
24. Purchased
400 units at Rs-5 per unit
28. Issued
200 units
Prepare the store ledger under FIFO method and LIFO method.
18. What are different between Management Accounting and Financial Accounting?
19. Draw up a Flexible budget for overhead expenses on the basis of the following data and determine the
rates at 70% , 80% and 90% Plant capacity.
overhead
Variable Overhead
Indirect labour
Stores including spares
At 70%capacity
Rs
-
At 80% capacity
Rs
At 90% Capacity
Rs
12000
4000
20000
2000
Depreciation
Insurance
Salaries
11000
3000
10000
---------------
Total Overheads
62000
---------------
Fixed Overhead