Free BA2 Questions for CIMA Fundamentals of management accounting BA2 Exam as PDF & Practice Test Engine
Refer to the exhibit.
The following data relates to Department A within a business unit.
The overhead absorption rate per direct labour hour for Department A is:
Give your answer to 2 decimal places.
The following data relates to Department A within a business unit.
The overhead absorption rate per direct labour hour for Department A is:
Give your answer to 2 decimal places.
Correct Answer:
£7.93
Refer to the exhibit.
A company currently manufactures a component which has the following costs per unit:
If the fixed overhead costs are unavoidable costs, what is the maximum price the company should be willing to pay to buy-in the component?
Give your answer to 2 decimal places.
A company currently manufactures a component which has the following costs per unit:
If the fixed overhead costs are unavoidable costs, what is the maximum price the company should be willing to pay to buy-in the component?
Give your answer to 2 decimal places.
Correct Answer:
£175 per unit
A company uses full cost pricing. The unit costs for product Z are given below.
What price per unit should be charged in order to achieve a profit margin of 20%?
Give your answer to the nearest cent.
What price per unit should be charged in order to achieve a profit margin of 20%?
Give your answer to the nearest cent.
Correct Answer:
$25
Which of the following is a valid definition of a cash budget?
Correct Answer: C
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Which THREE of the following are characteristics of job costing?
Correct Answer: C,E,F
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Refer to the exhibit.
A company issued its production budget based on an anticipated output of 800 units. Actual output was 1,000 units. The details of the costs are shown below:
The total budget variance was:
A company issued its production budget based on an anticipated output of 800 units. Actual output was 1,000 units. The details of the costs are shown below:
The total budget variance was:
Correct Answer: A
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A profit margin of 20% of sales is the same as a profit on total cost of:
Give your answer to 2 decimal places.
Give your answer to 2 decimal places.
Correct Answer:
25%
Refer to the Exhibit.
The following details have been extracted from the receivables collection records of SBC:
The amount budgeted to be received in September from credit sales is, to the nearest £000:
The following details have been extracted from the receivables collection records of SBC:
The amount budgeted to be received in September from credit sales is, to the nearest £000:
Correct Answer:
£257000
Overtime worked as a result of a rush order at the customers request should be classified as a:
Correct Answer: B
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The correlation coefficient is calculated using which of the following values;
Correct Answer: B,E
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A new product requires an investment of $200,000 in machinery and working capital. The total sales volume over the product's life will be 5,000 units. The forecast costs per unit throughout the product's life are as follows:
The product is required to earn a return on investment of 35%.
What unit selling price needs to be achieved?
The product is required to earn a return on investment of 35%.
What unit selling price needs to be achieved?
Correct Answer: A
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The standard material content of 1 unit of PAJ is £200 (8Kg at £25 per Kg).
During Period 5, 1300 Kg of materials were purchased at a total cost of £35000 and were used to produce 170 units of PAJ.
What was the materials price variance for Period 5?
During Period 5, 1300 Kg of materials were purchased at a total cost of £35000 and were used to produce 170 units of PAJ.
What was the materials price variance for Period 5?
Correct Answer: C
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