BA2 Exam Dumps - Fundamentals of management accounting

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Question # 41

The following is an extract from a budgetary control report for the latest period:

The budget variance for prime cost is:

$3,260 adverse

$18,580 adverse

$3,340 adverse

$3,260 favourable

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Question # 42

The year-to-date results at the end of month 9 included sales revenue of $3,600,000 and variable costs of $2,100,000.

During month 10, sales revenue was $450,000 and variable costs were $270,000.

What year-to-date contribution to sales ratio (C/S ratio) would be reported at the end of month 10?

58,5%

70,9%

41,5%

40,0%

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Question # 43

A small airportâ€™s management accountant has prepared the following management report on the performance of its four retail outlets.

Which retail outlet has the highest contribution per square metre?

Outlet A

Outlet B

Outlet C

Outlet D

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Question # 44

Which THREE of the following are parts of the master budget? (Choose three.)

Finished goods inventory budget.

Budgeted statement of profit or loss.

Cash flow budget.

Sales budget.

Administration overhead budget.

Budgeted statement of financial position.

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Question # 45

The following data are available for a delivery company. The table shows the number of tonnes delivered (x) and the associated distribution cist (y) in recent periods.

Further analysis of this data has determined the following:

âˆ‘xy = 36,427âˆ‘x2 = 1,144

Using least squares regression analysis, calculate the variable cost per tonne delivered. Give your answer to the nearest cent.

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Question # 46

A project is about to be launched. Two of the three possible outcomes and their associated probabilities are as follows:

The remaining possible outcome is a $70,000 gain.

What is the correct calculation of the expected value of the project?

($30,000 + $70,000 - $25,000) / 3

($30,000 + $70,000 - $25,000) x (0.7 + (1.0 - (0.2 + 0.7)) + 0.2)

($30,000 x 0.7) + ($70,000 x (1.0 - (0.2 + 0.7))) + ($25,000 x 0.2)

($30,000 x 0.7) + ($70,000 x (1.0 - (0.2 + 0.7))) - ($25,000 x 0.2)

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Question # 47

The production manager of your company has asked you to explain the methods of overhead analysis used, in particular the meaning of reciprocal servicing.

Reciprocal servicing is:

where one service department provides service to another and the second department reciprocates by not charging for its services

where two or more service departments provide service to production departments but not to each other

where two or more service departments provide service to production departments and to each other

where only one service department exists which provides service to all production departments

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Question # 48

When sales and output have passed the break-even point, the contribution per unit, for each unit then sold, becomes:

The profit per unit

Smaller

Bigger

The margin of safety