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CMA Intermediate Exam: Cost Accounting
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The syllabus comprises the following topics and study weightage:
A. Introduction to Cost Accounting
Cost Ascertainment - Elements of Cost
Cost Accounting Standards 40%
Cost Book Keeping

B. Methods of Costing 30%
C. Cost Accounting Techniques 30%

CMA Intermediate Exam: Cost Accounting
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25 Questions

1. The following is not treated as a manufacturing overhead:
2. Multiple Costing is suitable for the banking Industry.
3. Time and motion study is conducted by the
4. Standards deals with determination of averages/ equalized transportation cost-
5. Cost of indirect materials is apportioned to various departments.
6. Standard quantity of material for one unit output is 10 kg @ Rs.8 per kg. Actual output during a given period is 600 units. The standard quantity of material for actual output is
7. There is a loss as per financial accounts Rs. 10,600, donations not shown in cost accounts Rs. 6,000. What would be the profit or loss as per cost accounts?
8. Example of Direct Expenses.
9. At the economic ordering quantity level, the following is true:
10. Maximum possible productive capacity of a plant when no operating time is lost is its
11. In a process 10000 units are introduced during a period. 10% of input is normal loss. Closing work-in-process 70% complete is 1500 units. 7500 completed units are transferred to next process. Equivalent production for the period is
12. Labour Turnover is the change in labour force during a period of time.
13. P/V ratio will increase if the
14. At EOQ Ordering Cost and Carrying Cost are at Minimum and also equal.
15. Cost variance is the difference between
16. Cost Accounting is not a branch of Financial Accounting.
17. Materials which can be identified with the given product unit of cost centre is called as indirect materials.
18. When a direct worker is paid on a monthly fixed salary basis, the following is true:
19. The basic difference between a fixed budget and flexible budget is that a fixed budget -
20. In the context of Contract a/c, work completed and not yet certified will beshown
21. During a period 13600 labour hours were worked at a standard rate of Rs. 8 per hour. The direct labour efficiency variance was Rs. 8,800 (Adv). How many standard hours were produced?
22. Standard price of material per kg is Rs. 20, standard usage per unit of production is 5 kg. Actual usage of production 100 units is 520 kgs, all of which was purchase at the rate of Rs. 22 per kg. Material usage variance is
23. CAS 21 stands for
24. Abnormal Costs are uncontrollable.
25. CAS 9 is for Direct Expenses as issued by the Cost Accounting Standards Board (CASB) of the Institute of Cost Accountants of India.

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