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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. Sales Budget is a-
2. Labour Turnover is the change in labour force during a period of time.
3. In which of the following incentive plan of payment, wages on time basis are not Guaranteed?
4. Warehouse expense is an example of
5. VED analysis is used primarily for control of spare parts.
6. Uniform Costing is a unique method of costing to determine costs accurately.
7. Cost of idle time arising due to non-availability of raw material is
8. Standard cost of material for a given quantity of output is Rs. 15,000 while the actual cost of material used is Rs. 16,200. The material cost variance is:
9. Penalties and fines are included in cost accounts to determine the cost of production.
10. Royalty paid on sales Rs. 89,000 and Software development charges related to product is Rs. 22,000. Calculate Direct Expenses.
11. Stores ledger is maintained in the stores department.
12. Integral accounts eliminate the necessity of operating
13. Continuous stock taking is a part of-
14. Batch Costing is suitable for-
15. Sales budget is a
16. 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 purchased at the rate of Rs. 22 per kg. Material cost variance is
17. The main purpose of accounting of joint products and by-products is to
18. In case of materials that suffers loss in weight due to evaporation etc. the issue price of the materials is inflated to cover up the losses.
19. Store ledger is maintained inside the stores by store keeper.
20. M Ltd. provides free service for its cars for the first year of purchase. The cost of this service for M. Ltd. is treated as selling and distribution overhead.
21. In marginal and absorption costing, variable factory overhead is treated as direct cost.
22. P/V Ratio will increase if the
23. When the amount of under-or-over-absorption is significant, it should be disposed of by
24. 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?
25. Standards costing are more profitability employed in job order industries than in process type industries.

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