Pass the CIMA Certificate BA2 Questions and answers with ExamsMirror

CL produces a household detergent in a single process. Information for this process for last month is as follows:

(a) Materials input - 11,000 Litres at £2.00 per litre.

(b) Conversion costs - £23,000

(c) Output during the month - 8,000 litres.

(d) There were 2,000 units of closing work in progress which was complete as to materials and 35% complete as to conversion.

(e) Normal loss for the month was 5% of input and all losses have a scrap value of 50p per litre.

(f) There is no opening work in progress.

The value of finished output during the month (to the nearest £) was:

Which one of the following is an advantage of placing the management accounting function within a centralized finance department?

Refer to the exhibit.

A company has the following budget information for next year:

The budgeted profit for the year is

A company manufactures laptop computers. Which of the following would be classified as direct labor?

Refer to the exhibit.

The budget for product Sentra for the month of August is given below:

Each unit of Sentra requires 4kg of raw materials.

The raw materials usage budget for the month of August is:

When preparing the material purchases budget, the quantity to be purchased equals:

Refer to the exhibit

Zeff Ltd has forecast that the relationship between total overheads and machine hours will be as follows:

If the budget is to be based on 4,000 machine hours, the fixed overhead absorption rate will be:

Give your answer to 2 decimal places.

A chemical process has a normal wastage of 8% of input. For the month of June, 5,000 liters of materials were input and there was an abnormal gain of 200 liters.

The quantity of good production achieved was

Refer to the exhibit.

The following conventional breakeven chart has been drawn for a product. Forecast sales volume for next period is V units.

Which ONE of the following distances on the graph indicates the forecast profit for next period?

The managing director of a small expanding company has made a number of statements about CIMA’s role in relation to its members and to worldwide organizations.

Which ONE of the following statements is NOT correct?