This textbook is to help students taking the Caribbean Advance Proficiency Examination (CAPE) in Accounting Unit 2 Cost and Management Accounting. Students can enhance their problem solving, computational and accounting skill by using the model answers to past examination questions. The book presents a preview of the type of response you will have to give to the questions in the actual examinations. The book provides suggested solutions to students for past examination papers. The author has served as a CAPE Examining Assistant for the past 15 years and is very acquainted with the style of questions and the solutions required. My approach to preparing the answers has been both of an examiner and teacher. I am fully aware of the frustrations many candidates face in formatting and presenting their responses of this particular unit and have sought to address this problem. You can use the layouts suggested. The book provides suggested responses to question papers for the years 2012 - 2019. These are the years covered by the present syllabus. The solutions are clearly laid out according to each year and each module. Students can obtain the relevant examination papers from the Caribbean Examinations Council and work them through by modules and compare their response with the one given here. The book will also be useful to teachers in preparing their students for taking this exam.