Free CIMA BA2 Exam Dumps Questions & Answers

A standard hour is:

• A.  A measure of time
• B.  The standard time taken to produce one unit
• C.  A measure of output
• D.  The actual time taken to produce one unit

Which of the following is a valid definition of a cash budget?

• A.  A detailed budget of estimated cash inflows and outflows incorporating both revenue and capital items.
• B.  A detailed budget of estimated cash inflows only, incorporating receipts from cash sales as well as from credit customers.
• C.  A detailed budget of estimated cash inflows and outflows incorporating revenue items only.
• D.  A detailed budget of estimated cash outflows only, incorporating both depreciation and capital expenditure.

Which THREE of the following cost items would normally be classified as fixed costs?

• A.  Factory manager's salary
• B.  Direct materials
• C.  Depreciation of machinery
• D.  Direct Labour
• E.  Rent of the factory
• F.  Royalties payable on goods produced

A product has a break-even point of 40,000 units and a margin of safety of 20%. The contribution per unit is
£3.
What is the budgeted profit?

• A.  £40,000
• B.  £30,000
• C.  £8,000
• D.  £24,000

Refer to the exhibit.

AM Ltd. makes and sells a single product for which the standard cost information is as follows:
Budgeted production for the period is 30,000 units.
The actual results for the period were as follows:

What is the variable overhead efficiency variance?

• A.  £5,600 adverse
• B.  £5,161 adverse
• C.  £5,600 favorable
• D.  £5,161 favorable