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CIMA BA2 – Fundamentals of Management Accounting Question Tutorial Sample Questions:
1. A company uses standard absorption costing. Budgeted and actual data for the latest period are as follows.
What was the production overhead absorption rate per unit?
A) $35
B) $29
C) $21
D) $27
2. 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?
A) $50.77
B) $44.55
C) $47.00
D) $54.00
3. According to CIMA's Code of Ethics, CIMA members should not allow bias, conflict of interest of the influence of other people to override their professional judgement.
This is an example of:
A) professional competence and due care.
B) professional behaviour.
C) objectivity.
D) integrity.
4. Data for the latest period for a company which makes and sells a single product are as follows:
There were no budgeted or actual changes in inventories during the period.
The sales volume contribution variance for the period was:
A) $6,220 adverse.
B) $9,267 adverse.
C) $5,666 adverse.
D) $16,000 adverse.
5. An organisation's management report contains the following data:
Which division has the highest operating margin percentage?
A) Division C
B) Division D
C) Division A
D) Division B
Solutions:
Question # 1 Answer: A | Question # 2 Answer: B | Question # 3 Answer: C | Question # 4 Answer: C | Question # 5 Answer: A |