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Last Updated: Sep 08, 2026
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| Section | Weight | Objectives |
|---|---|---|
| Decision Making | 35% | - Short-Term Decision Making
|
| The Context of Management Accounting | 10% | - Purpose of Management Accounting
|
| Planning and Control | 30% | - Performance Measurement and Control
|
| Costing | 25% | - Absorption and Marginal Costing
|
A company produces a single product for which the following cost data are available.
Analysis by the management accountant has shown that 100% of direct material cost and 50% of direct labour cost are variable costs. 50% of production overhead and 100% of selling and distribution overhead are variable costs.
What is the marginal cost per unit?
Correct Answer: C 🗳️
The possible returns and associated probabilities of two independent projects are as follows:
It has been decided that both projects are to be launched.
Which TWO of the following statements are correct? (Choose two.)
Correct Answer: A,D 🗳️
The budget and actual cost statements for the production department for the latest period were as follows.
Notes.
1. The 10% increase in production was required to meet unexpected additional sales demand.
2. The production manager is responsible for negotiating the price of materials with suppliers.
3. The normal working time is 900 hours per period. Any overtime worked above these 900 hours is paid at a premium of 50%.
In preparing the flexible budget for the latest period, which TWO of the following statements are correct?
(Choose two.)
Correct Answer: B,D 🗳️
Which THREE of the following are included in the Global Management Accounting Principles? (Choose three.)
Correct Answer: C,D,F 🗳️
Explanation: Only visible for Easy4Engine members. You can sign-up / login (it's free).
A sales manager has analysed a sample of 350 sales transactions from the latest period. The manager wishes to investigate:
how many customers made their purchase online using the internet and how many purchased by telephone.
how many were new customers and how many were placing repeat orders.
The following table shows the results of the analysis.
If the pattern of sales occurs next period, the probability of a particular sale being a repeat order placed online is closest to:
Correct Answer: A 🗳️
Avery
Bruce
Dave
Frank
Hyman
Lennon
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