PDF Version DemoCIMA BA2 – Fundamentals of Management Accounting Question Tutorial Sample Questions:
1. An organisation's management report contains the following data:
Which division has the highest operating margin percentage?
A) Division B
B) Division A
C) Division C
D) Division D
2. In order for the information in a management accounting report to be authoritative its contents must be:
A) trusted and from reliable sources.
B) both financial and non-financial.
C) complete and reported in a timely manner.
D) complete and relevant.
3. Assume that a unit of output is the cost object. Which of the following statements is valid?
A) Rent paid for a factory in which several different products are produced is an example of an indirect expense.
B) The salaries of supervisors who oversee the manufacture of several different products are an example of a direct labour cost.
C) Royalties paid on per unit basis are an example of an indirect expense.
D) Materials consumed in the maintenance of machinery used to manufacture several different products are an example of a direct material cost.
4. 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.)
A) $5,000/1.12 + $5,000/(1.12)2 + $5,000/(1.12)3 + $5,000/(1.12)4+ $5,000/(1.12)5
B) $5,000 x 3.605
C) $5,000 + $5,000/1.12 + $5,000/(1.12)2 + $5,000/(1.12)3 + $5,000/(1.12)4
D) $5,000 + ($5,000 x 3.037)
E) $5,000 + ($5,000 x 3.605)
5. Which of the following would NOT be an appropriate performance measure for a profit centre manager?
A) Return on capital employed
B) Gross margin
C) Sales price variance
D) Contribution per unit
Solutions:
| Question # 1 Answer: C | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: B,E | Question # 5 Answer: D |
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