CIMA Fundamentals of management accounting : BA2 valid dumps

BA2 real exams

Exam Code: BA2

Exam Name: Fundamentals of management accounting

Updated: Jan 14, 2025

Q & A: 392 Questions and Answers

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CIMA Fundamentals of management accounting Sample Questions:

1. Refer to the exhibit.

Which is the correct journal entry required to record an adverse labour rate variance in an integrated accounting system?
The correct journal entry required to record an adverse labour rate variance in an integrated accounting system is:

A) C
B) D
C) B
D) A


2. Overhead apportionment is best described as:

A) The identification of overhead cost variances
B) The process of sharing costs amongst two or more cost centers
C) The identification of costs specifically attributable to a particular cost centre
D) The charging of overheads to cost units produced


3. The managing director of a small expanding company has a limited understanding of accounting and has asked you to explain the role of the management accountant in value creation.
Which ONE of the following is NOT a primary role of the management accountant?

A) Provision of statutory financial information to the tax authorities
B) Design and implementation of management information systems
C) Provision of strategic planning information to senior managers
D) Provision of routine performance information to junior managers


4. A company has three production departments X, Y and Z, and one service department.
The service department's overhead has been apportioned to the production departments in the ratio 3:2:5. As a result of this apportionment, $2,070 was given to Department Y.
What is the amount of service department overhead that would have been apportioned to Department Z?
Give your answer to the nearest dollar.


5. Refer to the exhibit.

JB Limited pays 60% of invoices for goods purchased on credit, in the month after purchase. The remaining
40% are paid a month later.
Invoices are received on the last day of each month. Invoices paid in the month following purchase attract a prompt payment discount of 2%, whilst those paid in the second month attract only a 1% discount.
Credit purchases for April to June are budgeted as follows:
The amount budgeted to be paid for credit purchases in June is:


Solutions:

Question # 1
Answer: D
Question # 2
Answer: B
Question # 3
Answer: A
Question # 4
Answer: Only visible for members
Question # 5
Answer: Only visible for members

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