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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. A flexible budget requires a careful study of
2. CAS 9 is for Direct Expenses as issued by the Cost Accounting Standards Board (CASB) of the Institute of Cost Accountants of India.
3. Warehouse expense is an example of
4. Excess of actual cost over standard cost is known as
5. When you attempt a reconciliation of profits as per Financial Accounts and Cost Accounts, the following is done:
6. Selling and Distribution overhead are absorbed on the basis of
7. In job costing, which of the following documents is used to record the issue of direct materials to a job?
8. The piece rate system of wage payment cannot be successfully applied where quantity of output can be measured.
9. Cash discounts are generally excluded completely from the costs.
10. By-products may undergo further processing before sale.
11. In job costing to record the issue of direct materials to a job which of the following document is used?
12. Continuous stock taking is a part of-
13. Which of the following items is not excluded while preparing a cost sheet?
14. PQR Ltd. manufactures a single product which it sells forRs.40per unit. Fixed cost is Rs. 60,000 per year. The contribution to sales ratio is 40%. PQR Ltd.
15. Integral accounts eliminate the necessity of operating
16. CAS -13 is related to Pollution Control Cost"."
17. When overtime is required for meeting urgent orders, overtime premium should be
18. A hotel having 100 rooms of which 80% are normally occupied in summer and 25% in winter. Period of summer and winter be taken as 6 months each and normal days in a month be assumed to be 30. The total occupied room days will be
19. Sales budget is a
20. Labour turnover is measured by
21. Operating Cycle means time required to Produce One Quantity of a Product.
22. Marginal costing technique follows the following basis of classification:
23. In a job cost system, costs are accumulated
24. Directors remuneration and expenses form a part of
25. Operation Costing and Operating Costing are interchangeably used for the same technique of costing.

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