Costing selection for june 2013 exam

CA Priyanka Jaiswal (Asst Manager) (124 Points)

12 June 2013  

IMP QUESTIONS FOR CMA (CWA) INTER - JUNE 2013 EXAM

Labour
Idle time & It's treatment
Lab. turnover, it's causes & cost associated with it
Incentives to indirect workers & Indirect incentives to direct workers
 
Marginal Costing
Application/uses of Marginal costing
Decision involving Key factor/Limiting factor
Further processing decision
Make/Buy decision
Margin of Safety
Angle of Incidence
P/V Chart
Break even analysis & It's assumptions
P/V Ratio - How to improve
 
Budgetary Control
Principal Budget Factor
Zero Base Budgeting
Flexible Budget & it's uses/importance
Budget & it's essentials
Budget Manual
Budgetary control & It's objectives
Master budget, Purchase budget, Cash budget, Capital Expenditure budget
Budgetary control vs. Std. costing
Fixed budget vs. Flexible budget
 
Standard Costing
Disposal of cost variances
Single Plan & Partial Plan
Uses & Objectives of Standard costing
 
Uniform Costing / Inter Firm Comparison
Uniform costing & It's requisites/essentials
Merits & Demerits of Uniform costing
Inter firm comparison & It's requisites/essentials
Merits & Demerits of Inter firm comparison
 
Basic Concepts
Profit centre, Cost centre, Cost unit
Cost control & Cost reduction
Chargeable Exps / Direct Exps
Various cost concepts:
Sunk cost, Opportunity cost, Relevant cost, conversion cost, Imputed cost, Implicit cost, Discretionary cost, Differential cost
 
Job, Batch, Contract
Job vs. Contract
Batch costing & it's applications
Profit on incomplete contracts [Ans: upto 25%, 25-50%, 50-90% & morethan 90%]
Cost plus contract with merits, demerits
Escalation clause
 
Process & JPBP
Equivalent Prod'n & it's importances, 2 main methods for computing Equiv. units
Split off point & Joint cost
Treatment of By-products
Further processing decision
 
Transfer Pricing
Transfer Pricing & It's objectives
Methods of Transfer Pricing
Limitation of Cost based (& Market based & Negotiated) Transfer Pricing
 
Misc.
Value analysis, Value engineering
Just in time (JIT)
Supply chain analysis
ABC, Cost drivers
Limitations of ABC
Operating Costing & it's applications
 
Material
ABC analysis
Prepetual Inventory system
EOQ & it's assumptions
Scrap, Spoilage, Defectives & it's treatment
 
Overhead
Over/Under absorption & it's treatment
Special treament in costing:
Packing exps, Admin OH, Bad debt, Interest, Training exps, R&D exps.
 
Non-Integration
Integrated a/cs & it's benefit
Non-Integrated/Inter locking a/cs
 
 Reconciliation
Need for Reconciliation
Exps purely Financial nature
Reasons for difference in cost & financial a/cs
Items treated in different way in cost & financial a/cs [Ans: Stock valuation..]

 

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