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CIMA BA2 – Fundamentals of Management Accounting Question Tutorial Sample Questions:
1. In order for the information in a management accounting report to be authoritative its contents must be:
A) trusted and from reliable sources.
B) complete and relevant.
C) complete and reported in a timely manner.
D) both financial and non-financial.
2. 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?
A) $8
B) $6
C) $9
D) $7
3. 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?
A) $55.00
B) $45.00
C) $46.20
D) $37.80
4. Which THREE of the following are included in the Global Management Accounting Principles? (Choose three.)
A) Accountability
B) Professional behaviour
C) Integrity
D) Relevance
E) Influence
F) Value
5. FILL BLANK
A company wishes to compare the variability of its monthly sales revenue in country A with that of country B.
The two countries use different currencies.
The monthly sales revenue for the last 48 months in country A (which is measured in $) has been analysed as follows.
What is the coefficient of variation of this data?
Give your answer as a percentage to one decimal place.
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: C | Question # 4 Answer: D,E,F | Question # 5 Answer: Only visible for members |




