 Past Papers Topic-wise Unsolved
 From 2001 – 2021
CSS
2022
Examination Structure
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According to 2015 Revised Syllabus
CSS Accounting and Auditing is a subject of 200 Marks covered in 2 papers
consisting 100 Marks each, every paper has 20% weightage for MCQs and
80% weightage for Structured Questions.
Paper – 1 has 2 sections each has 50% Weightage ie 50 Marks for each section.
Section – A is for Financial Accounting (50%) in which a student needs to attempt
2 out of 3 questions of 20 marks each.
Section – B is for Cost & Management Accounting (50%) in which a student needs
to attempt 2 out of 4 questions of 20 marks each.
Payroll & Labour Costing; Examination Importance
Although in “Cost Accounting” this topic is very important one but as far as the CSS
examinations are concerned this topic could not get much importance in the eyes of
paper setter as it is examined only once in 2016 only for 10 marks.So in CE 2019 this
topic again seems to have a low probability.
Prof. Asif Masood [ACMA, MBA (Finance), M. Phil)]
Examination Topics
1.
Cost Accounting Concepts
& Classifications.
2. Cost of Goods Sold and
Income Statement.
3. Cost Accounting Ledger
System.
4. Material Costing.
5. Payroll & Labour Costing.
6. F.O.H. Costing.
7. Job & Batch Costing.
8. Process Costing & CPR.
9. Marginal & Absorption
Costing.
10. CVP Analysis & Decision
Making.
11. Budgeting.
12. Standard
Costing
&
Variance Analysis.
Email:asifgcma@gmail.com
Facebook/adamslearningcentre
whatsapp: 0321
9842495
0321 9842495
Asif Masood is the renowned teacher of CSS Accounting & Auditing, Business
Administrations and Mercantile Law. He is engaged with the profession of
teaching since 1999 and has been a part of faculty of various reputed educational
institutions including GCU, UCP, Superior University and AIOU for MBA, M.Com,
BBA classes. Moreover he is providing coaching to ACCA, CIMA, CPA, CMA, ICAP
and ICMAP students since last 20 years.
For CSS, Prof. Asif Masood is the most experienced and result producing teacher of the
subjects of Accounting & Auditing, Business Administration and Mercantile Law. He is
mentoring CSS Aspirants since 2005 and has hundreds of Aspirants who got coaching
from him and succeeded including the Top Position Holders in CE 2017, Mr. Awaid
Irshad (1st), Mr. Ahmad Faisal Ch, (42nd), Seyyad Ammar Akhtar (48th) and Miss Iqra
Shoukat (116th).
This bunch of past papers are distributed topic-wise and which includes commentary on
each topic regarding its Examination Importance, is for the help and guideline of the
Aspirants seeking to opt Accounting & Auditing as one of their optional subjects to
lite
maximize their aggregate marks in CSS.
Good Luck
Prof. Asif Masood
ALC, Lahore
0333 4169258
CSS Accounting & Auditing
Payroll & Labour Costing
Adam’s Learning Centre, Lahore
CSS Accounting & Auditing
Topic Vise Past Papers (Unsolved)
Payroll & Labour Costing
Q. 1
(CSS – 2016, Paper # 1, Section – B, Q. # 6 (a))
(10 Marks)
Ten employees work as a group in Altech Manufacturing Company. When the group’s weekly production
exceeds the standard number of pieces per hour, each worker in the group is paid a bonus for the excess
production in addition to wages at hourly rates. The amount of bonus is computed by first determining the
percentage by which the group’s production exceeds the standard; one-half of this percentage is then applied to a
wage rate of $9 to determine hourly bonus rate. The standard rate of production before a bonus can be earned is
200 pieces per hour for total hours worked.
Production record for the week
Hours worked
Production
Monday
80
17,824
Tuesday
74
16,206
Wednesday
80
18,048
Thursday
78
17,480
Friday
72
16,733
Required:
Q. 2
1) Calculate the group’s bonus for each day and for the week
2) The week’s earnings of each employee.
(CSS – 2019, Paper # 1, Section – B, Q. # 6 (b))
(10 Marks)
A Co. uses 100% Bonus plan with a wage rate of Rs.20 per hour and the standard production is 40 units per
hour. Bonus will be given for the time saved. Following is the data of Mr. X:
Units produced
Monday
360
Tuesday
400
Wednesday
350
Required: Determine Mr. X’s total earning, the time saved, daily earnings and the labor cost per
unit.
2|Page
By: Asif Masood
0321 9842495
Adam’s Learning Centre, Lahore
0333 4169258