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CIMA BA2 – Fundamentals of Management Accounting Question Tutorial - CIMAPRO17-BA2-X1-ENG dump torrent

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  • Exam Code: CIMAPRO17-BA2-X1-ENG
  • Exam Name: BA2 – Fundamentals of Management Accounting Question Tutorial

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CIMA CIMAPRO17-BA2-X1-ENG Exam Syllabus Topics:

SectionWeightObjectives
Topic 1: The Context of Management Accounting10%- Role of CIMA
  • 1. Development of management accounting practice
  • 2. Professional body for management accountants
- Purpose of Management Accounting
  • 1. Characteristics of financial information
  • 2. Need for management accounting
  • 3. Relationship between management accountants and managers
  • 4. Role of the management accountant
Topic 2: Costing25%- Cost Identification and Classification
  • 1. Variable, semi-variable, stepped and fixed costs
  • 2. Cost behaviour analysis
  • 3. Relevant and irrelevant costs
  • 4. Direct and indirect costs
- Absorption and Marginal Costing
  • 1. Pricing decisions
  • 2. Marginal costing
  • 3. Full costing
  • 4. Profit reconciliation
  • 5. Overhead allocation and apportionment
Topic 3: Decision Making35%- Investment and Strategic Decisions
  • 1. Use of accounting information for decision making
  • 2. Profit maximisation
  • 3. Investment appraisal techniques
- Short-Term Decision Making
  • 1. Break-even analysis
  • 2. Make or buy decisions
  • 3. Cost-volume-profit analysis
  • 4. Limiting factor analysis
Topic 4: Planning and Control30%- Budgeting
  • 1. Functional budgets
  • 2. Cash budgets
  • 3. Preparation of budgets
- Performance Measurement and Control
  • 1. Variance analysis
  • 2. Performance reporting
  • 3. Standard costing

CIMA BA2 – Fundamentals of Management Accounting Question Tutorial Sample Questions:

Question #1

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?

  • A. 6.22
  • B. 8.50
  • C. 6.50
  • D. 6.38
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Question #2

A company has two production departments and two service departments (Maintenance and Stores). The overhead costs of each of the departments are as follows.

The following equations represent the reapportionment of each of the service department overheads to the other.
M = 4,700 + 0.1S
S = 5,800 + 0.2M
Where M = total Maintenance overhead after reapportionment from Stores
S = total Stores overhead after reapportionment from Maintenance
60% of the total Maintenance overhead and 50% of the total Stores overhead are to be apportioned to Production Department 1.
The total production overhead for Production Department 1 after reapportionment of the service departments' overhead costs is closest to:

  • A. $71,821
  • B. $75,500
  • C. $71,672
  • D. $70,720
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

Question #3

A sales manager has analysed a sample of 350 sales transactions from the latest period. The manager wishes to investigate:
how many customers made their purchase online using the internet and how many purchased by telephone.
how many were new customers and how many were placing repeat orders.
The following table shows the results of the analysis.

If the pattern of sales occurs next period, the probability of a particular sale being a repeat order placed online is closest to:

  • A. 0.40
  • B. 0.16
  • C. 0.11
  • D. 0.35
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #4

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?

  • A. Variable cost
  • B. Semi-variable cost
  • C. Fixed cost
  • D. Stepped fixed cost
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #5

Which of the following is NOT a characteristic of useful operational level information?

  • A. Sufficiently accurate.
  • B. Available immediately.
  • C. Governed by financial reporting standards.
  • D. Focused on the decision to be made.
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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