CA IPCC - Group I Cost Accounting and Financial Management Exam old Papers

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Yes sure, here I am sharing the Chartered Accountancy-Integrated Professional Competence Course Examination - Group I Cost Accounting and Financial Management Exam Previous Years Question Paper:

(i) What is Cost accounting? Enumerate its important objectives. 5x2=10 (0)

(ii) Distinguish between Fixed overheads and Variable overheads. (0)

(iii) Re–order quantity of material ‘X’ is 5,000 kg.; Maximum level 8,000 kg.; Minimum usage 50 kg. per hour; minimum re–order period 4 days; daily working hours in the factory is 8 hours. You are required to calculate the re–order level of material ‘X’. (0)

(iv) What do you understand by Key factor? Give two examples of it. (0)

(v) What are the main advantages of integrated accounts? (0)

CA IPCC - Group I Cost Accounting and Financial Management Exam old Paper

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As you want I am here providing you CA IPCC - Group I exam sample paper of Cost Accounting and Financial Management Exam .

Sample Questions :
Question 1 (b): Marginal Costing – BEP and related Computations 5 Marks
Zed Limited sells its product at ` 30 per unit. During the quarter ending on 31st March, it produced and sold 16,000 units and
suffered a loss of ` 10 per unit. If the volume of sales is raised to 40,000 units, it can earn a profit of ` 8 per unit.
You are required to calculate:
(a) Break Even Point in Rupees.
(b) Profit if the sale volume is 50,000 units.
(c) Minimum Level of Production where the Company need not to close the production if unavoidable Fixed Cost is ` 1,50,000.

Question 1 (c): Capital Structure Theories – Indifference Point 5 Marks
Alpha Ltd requires funds amounting to ` 80 Lakhs for its new project. To raise funds, the Company has following two alternatives:
(a) To issue Equity Shares (at par) amounting to ` 60 Lakhs and borrow the balance amount at the interest of 12% p.a. or
(b) To issue Equity Shares (at par) and 12% Debentures in equal proportion.
The Income–Tax Rate is 30%.
Find out the point of indifference between the available two modes of financing and state which option will be beneficial in
different situations.

Question 1 (d): Capital Structure Theories – M&M Approach 5 Marks
A Ltd and B Ltd are identical in every respect except Capital Structure. A Ltd does not employ Debt in its capital structure
whereas B Ltd employs 12% Debentures amounting to ` 10 Lakhs. Assuming that –
(a) All assumptions of M–M model are met.
(b) The Income–Tax Rate is 30%.
(c) EBIT is ` 2,50,000 and
(d) The Equity Capitalization Rate of A Ltd is 20%.
Calculate the Average Value of both the Companies and also find the Weighted Average Cost of Capital for both the Companies.

Here is the attachment of the paper.

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