Pass the CIMA Certificate BA2 Questions and answers with ExamsMirror

Refer to the Exhibit.

PD manufactures a product in a process operation. Normal loss is 5% of input and occurs at the end of the process. The following data is available for the month of August:

Scrapped units have no value.

There was no opening or closing work in progress for August.

What is the value of the abnormal gain in August?

The principal budget factor can be defined as:

Refer to the exhibit.

Xey Ltd. has the following budgeted information for product T4 in July:

The actual results for July were as follows:

What is the total sales margin variance?

Within a relevant range of output, the fixed cost per unit of a product will:

Refer to the Exhibit.

A company operates an absorption costing system. The management accounts show that fixed production overheads were over-absorbed in the period.

Which FOUR combinations could possibly have resulted in this situation?

In order to provide information that is suitable for control purposes, the budget must be:

A company currently allows a discount of 20% to customers who pay at the time of purchase. If 30% of customers pay immediately, the extra sales needed in July to increase the cash receipts in that month by £6,000 are:

Which of the following statements is correct?

i. sector bodies use budgetary planning and control systems

ii. costing cannot be used by public sector bodies because they have no measurable output

iii. in public sector bodies tend to focus on cost management therefore they have no need for non-financial information

The following costs are incurred by a company which owns a five star hotel. Which THREE of the items would normally be classified as variable costs?

If the fixed costs are increased, the point at which the line plotted on a profit/volume (PV) graph cuts the horizontal axis will: