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Cost FM IPCC Nov 2013 Solution

Page no : 4

Ankush sharma (Auditor Article Assistant)   (816 Points)
Replied 13 November 2013

Originally posted by : Kumar

I got working capital 10,000

and biggest mistake where i want to bang my head is Labour turnover, I wrote 8 instead of 800, can any one tell how much will I get for that problem,

 

working capital i think will be 10,000 if you consider prov for taxation as liability

that is also correct

but there u need to give assumption for that

mine was 30,000 because i didnt consider prov. for tax as liability

 

As far as labour turnover is considered may be no marked will be deducted

but max of 2 marks may be deducted
 



Kumar (Student) (211 Points)
Replied 13 November 2013

Originally posted by : Ankush sharma

working capital i think will be 10,000 if you consider prov for taxation as liability

that is also correct

but there u need to give assumption for that

mine was 30,000 because i didnt consider prov. for tax as liability

 

As far as labour turnover is considered may be no marked will be deducted

but max of 2 marks may be deducted
 

I did not give assumption to that effect. hope they cancel only 2 marks...I dont want to answer again, as paper was so easy this time



Spirit (Learner) (450 Points)
Replied 13 November 2013

Originally posted by : Ankush sharma

 

HEY ALL ITS THAT PAPER AGAIN THAT HAS RUINED MANY STUDENTS LIFE

SHARE YOUR THOUGHTS ON TODAYS EXAM

ITS THE PAPER WHICH IS AWARDED AS TOUGHEST IN IPCC GROUP I

SO IT HELP TODAY

I HOPE THAT ALL OF YOU DID WELL

Q1a Eoq 8000

Q1b journal entries store ledger and WIP cotrol/facorty OH control are to be DR and CR. depends upon direct indirect and over and under absorbed,,Every journal entry contains  mark each last two journal entry was normal journal entry as like creditors dr to bank credit

bank dr to debtors cr

Q1 OL and FL was easy so it was solved by most of us

 

Q 2a ...same question in ca inter may 1992 same question in 'Ashish kalra' sir Ans was10 % + 15%=25% on takings so 33.333%on cost

passenger km 1440000

distance covered 36000km

 

 

Q2b ca 450000 cl 300000  stock 210000 so as all Question in PS rathore sir book ca inter

q3a Avg no. of employees on roll 800, replaced 64 new joinings 24

Q4a MUV 4500 MPV 8900 MCV 4400

 

Q4b working capital increase Rs 30000

 

DONT FORGET TO SAY THANKS :p

more will be updated soon

 

MY OPINION IT WAS SMART PAPER

EASY WITH MIX OR SOME SMART QUETIONS

I AM HOPING FOR MARKS AFTER SUBSEQUENT DEDUCTION AT LEAST 50

 

 

CA IPCC Cost Accounting and Financial Management Paper Nov 2013 - Download

 

 


Spirit (Learner) (450 Points)
Replied 13 November 2013

Originally posted by : Ankush sharma

 

HEY ALL ITS THAT PAPER AGAIN THAT HAS RUINED MANY STUDENTS LIFE

SHARE YOUR THOUGHTS ON TODAYS EXAM

ITS THE PAPER WHICH IS AWARDED AS TOUGHEST IN IPCC GROUP I

SO IT HELP TODAY

I HOPE THAT ALL OF YOU DID WELL

Q1a Eoq 8000

Q1b journal entries store ledger and WIP cotrol/facorty OH control are to be DR and CR. depends upon direct indirect and over and under absorbed,,Every journal entry contains  mark each last two journal entry was normal journal entry as like creditors dr to bank credit

bank dr to debtors cr

Q1 OL and FL was easy so it was solved by most of us

 

Q 2a ...same question in ca inter may 1992 same question in 'Ashish kalra' sir Ans was10 % + 15%=25% on takings so 33.333%on cost

passenger km 1440000

distance covered 36000km

 

 

Q2b ca 450000 cl 300000  stock 210000 so as all Question in PS rathore sir book ca inter

q3a Avg no. of employees on roll 800, replaced 64 new joinings 24

Q4a MUV 4500 MPV 8900 MCV 4400

 

Q4b working capital increase Rs 30000

 

DONT FORGET TO SAY THANKS :p

more will be updated soon

 

MY OPINION IT WAS SMART PAPER

EASY WITH MIX OR SOME SMART QUETIONS

I AM HOPING FOR MARKS AFTER SUBSEQUENT DEDUCTION AT LEAST 50

 

 

CA IPCC Cost Accounting and Financial Management Paper Nov 2013 - Download

 

 


Spirit (Learner) (450 Points)
Replied 13 November 2013

Originally posted by : Ankush sharma

 

HEY ALL ITS THAT PAPER AGAIN THAT HAS RUINED MANY STUDENTS LIFE

SHARE YOUR THOUGHTS ON TODAYS EXAM

ITS THE PAPER WHICH IS AWARDED AS TOUGHEST IN IPCC GROUP I

SO IT HELP TODAY

I HOPE THAT ALL OF YOU DID WELL

Q1a Eoq 8000

Q1b journal entries store ledger and WIP cotrol/facorty OH control are to be DR and CR. depends upon direct indirect and over and under absorbed,,Every journal entry contains  mark each last two journal entry was normal journal entry as like creditors dr to bank credit

bank dr to debtors cr

Q1 OL and FL was easy so it was solved by most of us

 

Q 2a ...same question in ca inter may 1992 same question in 'Ashish kalra' sir Ans was10 % + 15%=25% on takings so 33.333%on cost

passenger km 1440000

distance covered 36000km

 

 

Q2b ca 450000 cl 300000  stock 210000 so as all Question in PS rathore sir book ca inter

q3a Avg no. of employees on roll 800, replaced 64 new joinings 24

Q4a MUV 4500 MPV 8900 MCV 4400

 

Q4b working capital increase Rs 30000

 

DONT FORGET TO SAY THANKS :p

more will be updated soon

 

MY OPINION IT WAS SMART PAPER

EASY WITH MIX OR SOME SMART QUETIONS

I AM HOPING FOR MARKS AFTER SUBSEQUENT DEDUCTION AT LEAST 50

 

 

CA IPCC Cost Accounting and Financial Management Paper Nov 2013 - Download

 

 


HERE'S THE SOLUTION ...




Aditya vaghela (Student CA Final ) (40 Points)
Replied 14 November 2013

NEW JOININGS IN LABOUR TURNOVER IS 0 NOT 24

pratyusha cheruvu (student) (26 Points)
Replied 15 November 2013

can u provide us with group 1 solutions

Ankush sharma (Auditor Article Assistant)   (816 Points)
Replied 15 November 2013

Originally posted by : pratyusha cheruvu
can u provide us with group 1 solutions


i think i hv provided for cost fm

law is a theoritical

but A/c and Tax i didn't get it through dis time ,,,as mine were exempt

please wait i will upload those ASAP


Aditya singh chauhan (Seoni) (34 Points)
Replied 16 November 2013

Thank u very much.......

Aditya singh chauhan (Seoni) (34 Points)
Replied 16 November 2013

Thank u very much.......



sagar (student) (22 Points)
Replied 20 December 2013

solution of fm

 



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