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CIMA Fundamentals of management accounting Sample Questions:
1. In order to provide information that is suitable for control purposes, the budget must be:
A) Flexed
B) Computer generated
C) Ideal
D) Fixed
2. Which of the following may result in a favourable material price variance? (Select ALL that apply.)
A) Discounted products
B) Inefficient purchasing
C) Efficient purchasing
D) Inflation of prices
E) Material price decrease
3. Refer to the Exhibit.
The following details have been extracted from the receivables collection records of SBC:
The amount budgeted to be received in September from credit sales is, to the nearest £000:
4. Refer to the exhibit.
The following scattergraph has been drawn for a certain cost in recent periods.
Based on this scattergraph the variable cost per unit is:
5. Data for the latest period for a company which makes and sells a single product are as follows:
There were no budgeted or actual changes in inventories during the period.
The sales volume contribution variance for the period was:
A) $16,000 adverse.
B) $5,666 adverse.
C) $9,267 adverse.
D) $6,220 adverse.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: A,C,E | Question # 3 Answer: Only visible for members | Question # 4 Answer: Only visible for members | Question # 5 Answer: B |




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