Pass the CIMA Certificate BA2 Questions and answers with ExamsMirror

The management accountant has completed the appraisal of an investment in new office equipment.

It has now been discovered that the cost of capital used in the appraisal should have been higher.

What will be the effect on the calculated net present value (NPV) and the payback period?

Which of the following industries would not use process costing?

In an integrated cost and financial accounting system, the accounting entries for the cost of production units completed in the period would be:

An increase in the selling price per unit, will cause the point at which the line plotted on a profit/volume (PV) graph intersects the horizontal axis to:

GB Limited operates a standard costing system. During the month 18,500 labour hours were worked at a standard cost of $6 per hour. The labour efficiency variance was $8,700 favourable.

How many standard hours were produced?

Which of the following cannot be used to split costs into fixed and variable elements?

Refer to the Exhibit.

The following budgetary information is available for a department in a manufacturing company:

The production overhead absorption rate percentage, when the percentage on prime cost is used, is:

Refer to the exhibit.

The following data relates to two activity levels of a department. Overhead absorption is on the basis of machine hours.

The variable overhead rate per hour is £4.50. The amount of fixed overhead, to the nearest £000, is:

In an integrated cost and financial accounting system, the accounting entries for the payment of net wages to indirect production workers would be:

In a company's sales ledger department, one additional invoice clerk is needed for every eighty customers added to the customer database. The total salary cost of invoice clerks is best described as: