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

Refer to the exhibit.

In this profit/volume graph, which distance indicates the contribution earned at level of activity L?

A tomato producer is investigating the correlation between the height of his plants and the size of the tomatoes. He has tallied up his height results and produced this table.

Using the information provided, find the median and modal class and correctly select these answers from the list.

Relevant costs for decision making are.

The master budget is:

A company uses an integrated accounting system.

The accounting entries for the sale of goods on credit would bE.

The standard labour hours for all products manufactured by a company include an allowance for idle time. Idle time is budgeted to be 5% of total hours worked. Each unit of product G requires an input of 9.5 active labour hours. The labour rate is $12 per hour.

The standard labour cost shown on the standard cost card for one unit of product G will be

A manufacturing company has four production departments. Overheads have been apportioned between them as follows:

It takes each department 4 hours, 4 hours, 2 hours and 3 hours respectively to produce the company's only product. The company recovers costs on the basis of labour hours. They plan to produce 6,000 units

What will the overhead absorption rate per unit be in 's?

Select the correct answer from the choices below