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CIMA CIMAPRO17-BA2-X1-ENG Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Accounting for Materials, Labour and Overheads | - Material control
|
| Topic 2: Budgeting and Forecasting | - Budgetary control
|
| Topic 3: Decision Making Techniques | - Short-term decision making
|
| Topic 4: Costing Methods | - Marginal costing
|
| Topic 5: Introduction to Cost Accounting | - Cost units and cost centers
|
CIMA BA2 – Fundamentals of Management Accounting Question Tutorial Sample Questions:
A company's policy is to hold closing inventory each month equal to 10% of the next month's budgeted sales volume. The budgeted sales volumes of product Q for months 1 and 2 are 1,660 units and 2,300 units respectively.
The production budget for product Q for month 1 is:
- A. 1,596 units
- B. 1,890 units
- C. 1,724 units
- D. 1,494 units
Correct Answer: D 🗳️
A company which manufactures and sells one product has fixed costs of $80,000 per period. The selling price per unit of $25 generates a contribution/sales ratio of 40%.
How many units would need to be sold in a period to earn a profit of $10,000?
- A. 32,000
- B. 9,000
- C. 8,000
- D. 36,000
Correct Answer: A 🗳️
A company makes and sells a range of products. The standard details per unit for one of these products, product X, are as follows.
To meet sales demand, the company must obtain 2,000 units of product X next month. There is sufficient labour capacity to produce 1,500 of these units in-house during normal time. However, any production above this level would require overtime working which would be paid at a premium of 50%.
The company can buy as many units of product X as it wishes next month from an external supplier at a price of $120 per unit.
What is the total financial benefit to the company of purchasing the appropriate number of units from the external supplier rather than producing them in-house?
- A. $30,000
- B. $20,000
- C. $5,000
- D. $27,500
Correct Answer: C 🗳️
Which of the following is NOT a characteristic of useful operational level information?
- A. Available immediately.
- B. Focused on the decision to be made.
- C. Governed by financial reporting standards.
- D. Sufficiently accurate.
Correct Answer: A 🗳️
In order for the information in a management accounting report to be authoritative its contents must be:
- A. trusted and from reliable sources.
- B. complete and relevant.
- C. complete and reported in a timely manner.
- D. both financial and non-financial.
Correct Answer: B 🗳️
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