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Ipcc cost-fm nov 2012 paper with solution

CA Raj K Agrawal (Teaching & Practice) (944 Points)

07 November 2012

First to upload IPCC Cost-FM Nov 2012 Paper with Best Solution

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13 Replies

Sriganesh (CA - IPCC CMA Final) (82 Points)
Replied 07 November 2012

Please tell me if my answer regarding this is wrong :

In ratios question, for calculating current assets and current liabilities I did the following :

Working captial = 280000

=>C.A - C.L = 280000

=>C.A = 280000 + C.L

Now,

Current Ratio = 2.4

C.A / C.L = 2.4

280000 + C.L

____________ = 2.4

C.L

280000 + C.L = 2.4 C.L

1.4 CL = 280000

CL = 280000/1.4 = 200000

CA = 280000 + 200000 = 480000

Here CA = Current Assets and CL = Current Liabilities

I get a different answer here from the solution you mentioned. Tell me which one is correct.

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CallMeHappy (ipcc) (23 Points)
Replied 07 November 2012

in 1(a) degree of oper lev is required and not oper lev

CA Raj K Agrawal (Teaching & Practice) (944 Points)
Replied 07 November 2012

@ Sriganesh - here we find that using Inventory, creditor, debtor in other part we obtain a different answer. While using current ratio we find a different answer.

Current ratio given in question is a bit contradictory.

I feel both answer is correct...

CA Raj K Agrawal (Teaching & Practice) (944 Points)
Replied 07 November 2012

Its one & the same thing..

Originally posted by : shashank

in 1(a) degree of oper lev is required and not oper lev

CallMeHappy (ipcc) (23 Points)
Replied 07 November 2012

sir

dol = % change in oper inc / % change in sales

ol = contrib / sales

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CA Raj K Agrawal (Teaching & Practice) (944 Points)
Replied 07 November 2012

@ Shashank: OL = Contribution/ EBIT

= % change in operating profit/ % change in contribution

= % change in operating profit/ % change in Sale

= DOL

DOL is used if income statement is provided in question along with change in level of activity...

CallMeHappy (ipcc) (23 Points)
Replied 07 November 2012

k so we cant assmue sales changes from 25000 to 30000

Devyash Patel (article) (162 Points)
Replied 07 November 2012

thanks sir

bose k (ca) (45 Points)
Replied 09 November 2012

what about using cogs=os+purchases-cs but we get same answer in payment period and purchases

bhagya (rash) (21 Points)
Replied 19 November 2012

In Question 6.b; whether we can reverse everythimg???????????? netloss costbooks----35400 ADD:- 151900 LESS:- 255100 =67800 PLEASE INFORM........................