CIMAPRA17-BA2-1 BA2 - Fundamentals of Management Accounting Exam Practice Test

In order for the information in a management accounting report to be authoritative its contents must be:

A company produces a single product for which the following cost data are available.

Analysis by the management accountant has shown that 100% of direct material cost and 50% of direct labour cost are variable costs. 50% of production overhead and 100% of selling and distribution overhead are variable costs.

What is the marginal cost per unit?

The forecast costs per unit for a new product are as follows:

The company uses marginal cost plus pricing and all products are required to achieve a 40% margin.

What would be the selling price per unit?

The possible returns and associated probabilities of two independent projects are as follows:

It has been decided that both projects are to be launched.

Which TWO of the following statements are correct? (Choose two.)

An organisation's management report contains the following data:

Which division has the highest operating margin percentage?

A company's management accountant wishes to calculate the present value of the cost of renting a delivery vehicle. There will be five annual rental payments of $5,000, the first of which is due immediately. The company's discount rate is 12%.

Which TWO of the following are valid ways to calculate the present value of the rental payments? (Choose two.)

Every month for the last three years, a company has recorded the number of new customers for that month. The data have been summarised and grouped as follows:

What is the arithmetic mean of the number of new customers per month?