My Costing Final (Old) May 2010 Answers

CA. Amit Chimnani (PARTNER ) (205 Points)
Replied 29 May 2010

Dear Rohit naam aisa rakhoge ( rohit d rascal father of all) to who will discuss answers with you.. i just wanna know that why you have choosen this name .Nothing personal my friend.

Rohit Karthiken (Article Assistant 2.5 years) (27 Points)
Replied 29 May 2010

Amit ur Problem is solved now let's talk abt d answers

CA. Amit Chimnani (PARTNER ) (205 Points)
Replied 01 June 2010

ya....sure....except 4(a) and 5(c) my answers are same as you. but in my opinion it does matter bcoz marks will be alloted considering overall working and approach to the answers so we can get atleast half marks if answer does not tally.tell me one thing that are you sure about Ans 1(a) (ii) ,i also got the same answer but a bit confused.

CA. Amit Chimnani (PARTNER ) (205 Points)
Replied 01 June 2010

I hope my friend what i asked you about your name you did not mind it.

Ajaib Singh (CA Ajaib Singh Sandhu) (194 Points)
Replied 07 June 2010

Dear Rohit/Amit/Other freinds from the club,

Please refer my views/answer on question no. 1a (19 marks question in exam)

I await comments/solutions from all of you.

Warm Regards,

Ajaib Singh (CA Ajaib Singh Sandhu) (194 Points)
Replied 07 June 2010

Here is the attachment....

Attached File : 11 costing question no 1a.xls downloaded: 262 times

Ajaib Singh (CA Ajaib Singh Sandhu) (194 Points)
Replied 07 June 2010

Originally posted by : Rohit Karthiken
	My Answers are as below: Ans 1(a) (i) Don't Know U tell Ans 1(a) (ii) 540000 units Ans 1(a) (iii) Nil Ans 1 (b) (i) CPM Ans 1 (b) (ii) CPM Ans 1 (b) (iii) PERT Ans 1 (b) (iv) CPM Ans 1 (b) (V) PERT Ans 2 (a) Rs. 16,00,000/- ROI 33.333% Ans 2 (b) Theory Ans 2 (c) Theory Ans 3 (a) Not Attempted Ans 3 (b) 1600 Minimum cost revised cost 3600 Ans 4 (a) Confused Plz Confirm Ans 4 (a) (i) Rs. 9,75,000 Ans 4 (a) (ii) 25,000 Units External Market 10,000 Special Order Ans 4 (a) (iii) Not Solved Ans 4 (b) Theory Ans 5 (a) (i) 240 Adverse Ans 5 (a) (ii) 440 Favourable Ans 5 (b) Theory Ans 5 (c) Waiting Time of Customer 2 mins & Idle Time of Clerk 10 mins (This question is from Sheet of V.K. Reddy Sir, Pune) PLZ Comment Guys n Babes so that we can analyze ki hum abhi kitne pani mein hai

Dear Rohit,

In answer no. 1a iii) If you say that net profit under sales level at 540,000 units is NIL under absorption costing, conversely this means that BEP under-absorption costing is 540,000 units which is nothing but answer to question no. 1a i)

CA. Amit Chimnani (PARTNER ) (205 Points)
Replied 07 June 2010

Ronit i have attempted only 2nd part ans.of which is 540000 units..i have not atttempted rest due to lack of time...so your concept is looking correct.

Rohit Thourani (Practice) (96 Points)
Replied 07 June 2010

I hv also attempted 2nd part only what about other answers Mr. Ronit & Mr. Amit ???

Ajaib Singh (CA Ajaib Singh Sandhu) (194 Points)
Replied 07 June 2010

Dear Rohit,

If you had fully read my solution. I feel that answer to question no. 1a i) is same as ii) since the difference b/w marginal costing and absorption costing is specifically told be charged to COP. And also when you take BEP as 540,000 units and work out profit under absorption costing the same would be nil only. This is CONCEPTUAL question I don't know if my Concept is correct.

Ajaib Singh (CA Ajaib Singh Sandhu) (194 Points)
Replied 08 June 2010

Dear Rohit/Amit, I take my words back. Earlier solution provided by me is not correct. I made blunder in exam correct solution worked out is attached herewith. Answers are Q1 a i) 533,000 units Q1 a ii) 540,000 units Q1 a iii) Profit Rs. 14,000

Attached File : 15 costing question no 1a revised.xls downloaded: 212 times

CA. Amit Chimnani (PARTNER ) (205 Points)
Replied 08 June 2010

Dont worry Ronit atleast we have made 2nd part correct allmost students have not attempted this question, so we will get minium 6 marks for that.. what about that simplex problem have you done in paper?

Ajaib Singh (CA Ajaib Singh Sandhu) (194 Points)
Replied 08 June 2010

Simplex question was a bouncer...I didnt attempt..... I had lots of hope from question no. 1a ......... I think it is going to cost me one more attempt.......