Free CIMA BA2 Practice Exam with Questions & Answers | Set: 5

Which of the following may result in a favourable material price variance? (Select ALL that apply.)

Refer to the exhibit.

The output and costs for two periods were as follows:

Fixed costs will remain constant, but during Period 7, the variable cost per unit will increase by 25%. The output for Period 7 will be 1,600 units.

The budgeted total cost for period 7 will be:

Refer to the exhibit.

SS Ltd. manufactures four products which require the same type of material. The following fixed cost and profit/(loss) per unit is available:

In a period in which materials are in short supply, which of the following options is the rank order of production?

The variable cost of a product is £7 per unit. The fixed costs of the product are £140,000. The break-even point is 70,000 units.

The selling price of the product is:

Give your answer to 2 decimal places.

Refer to the exhibit.

PD manufactures a product in a process operation. Normal loss is 5% of input and occurs at the end of the process. The following data is available for the month of August:

• Scrapped units have no value.
• There was no opening or closing work in progress for August.

What was full cost of output to finished goods in August?

Which ONE of the following is a characteristic of operational financial information?

Refer to the exhibit.

A management accountant had prepared the following initial overhead analysis, showing the overhead allocated and apportioned to the three cost centres. The number of employees in each cost centre is also shown.

The service cost centre costs are now to be reapportioned to the production cost centres on the basis of the number of employees in each production cost centre. After the reapportionment has been completed, the total overhead cost of the Assembly department will be:

A fixed budget is:

Which of the following is the correct definition is an annuity:

Refer to the exhibit.

A company has the following budget information for next year:

The raw materials usage budget for the years is: