CIMA Certificate in Business Accounting (Cert BA) CIMAPRO17-BA2-X1-ENG Dumps

1. Which of the following is a relevant cost?

2. Which of the following would NOT be an appropriate performance measure for a profit centre manager?

3. The following data are available for a company that produces and sells a single product.

– The company’s opening finished goods inventory was 2,500 units.

– The fixed overhead absorption rate is $8.00 per unit.

– The profit calculated using marginal costing is $16,000.

– The profit calculated using absorption costing and valuing its inventory at standard cost is $22,400.

The company’s closing finished goods inventory is:

4. Which of the following would NOT require taking into account the time value of money?

5. A small airport’s management accountant has prepared the following management report on the performance of its four retail outlets.

Which retail outlet has the highest contribution per square metre?

6. The staffing policy for a supermarket is to have one cashier station open for every forecasted 20 customers per hour. Cashiers are hired by the hour as and when required, and do not perform any other duties.

The cost of the cashiers in relation to the number of customers would be classified as which type of cost?

7. 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?

8. The year-to-date results at the end of month 9 included sales revenue of $3,600,000 and variable costs of $2,100,000. During month 10, sales revenue was $450,000 and variable costs were $270,000.

What year-to-date contribution to sales ratio (C/S ratio) would be reported at the end of month 10?

9. Which TWO of the following are characteristics of Management Accounts? (Choose two.)

10. In a company that manufactures many different products on the same production line, which TWO of the following would NOT be classified as indirect production costs? (Choose two.)

11. A company is considering investing $57,000 in a machine that will last for five years, after which time it will have no value. The machine will generate additional revenue of $190,000 each year. Annual running costs, including depreciation of $11,400 will amount to $168,400.

Assuming that all cash flows occur evenly, the payback period of the investment in the machine is closest to:

12. Which of the following statements about batch costing is true?

13. Which of the following is NOT a valid purpose of budgeting?

14. Which of the following is a valid definition of a cash budget?

15. Based upon extensive historical evidence, a company’s daily sales volume is known to be normally distributed with a mean of 1,728 units and a standard deviation of 273 units.

What is the probability that, on any one day, the sales volume will be at least 1,300 units?