Most Recent CIMAPRA17-BA2-1 Exam Questions & Answers

Prepare for the CIMA BA2 - Fundamentals of Management Accounting exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the CIMAPRA17-BA2-1 exam and achieve success.

The questions for CIMAPRA17-BA2-1 were last updated on Dec 20, 2024.

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Question No. 1

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:

A7500

B20000

C25000

D30000

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Correct Answer: C

Question No. 2

Variable costs can best be described as:

ACosts that fluctuate widely

BUncontrollable costs

CCosts that are not affected by changes in the level of activity

DCosts that vary with a measure of activity

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Correct Answer: D

Question No. 3

Overhead absorption is best described as:

AThe identification of costs specifically attributable to a particular cost centre

BThe process of sharing costs amongst two or more cost centres

CThe charging of overheads to cost units produced

DThe identification of overhead cost variances

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Correct Answer: C

Question No. 4

Refer to the exhibit.

T operates a process costing system. Data is available for Process A for the month of July.

Inputs for the month:

Normal losses are 15% of input and can be sold for $6 per kg. Actual output was 2,600 kg. There is no opening or closing work in progress for the period.

What is the value of the output from the process in the month?

A$49,291

B$46,538

C$43,784

D$45,120

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Correct Answer: C

Question No. 5

Refer to the exhibit.

An extract from the budget for GS is given below:

The net profit is after charging depreciation for the year of $26,000.

Receivables are expected to rise by $4,000 in the year.

Payables and inventories are both expected to fall by $5,000 in the year.

What is the company's budgeted cash holding at the end of the year?

A$70,000

B$65,000

C$73,000

D$39,000

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Correct Answer: B

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