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CIMA BA2 Exam
Fundamentals of Management Accounting (Page 10 )

Updated On: 1-Feb-2026
Page 10 of 80
PDF with 392 Questions

The master budget is:

  1. A consolidation of all subsidiary budgets
  2. The income statement
  3. The cash budget
  4. The budget for the principal budget factor

Answer(s): A



Refer to the exhibit.



Data for October's budget for product Quest for the month of October are given below:

Each unit of Quest requires 6kg of raw materials. Strict quality control procedures are applied to the manufacturing process and normal rejection levels are 5% of finished units.

The raw materials purchases budget for the month of October is:

  1. 2,134,737 kg
  2. 2,136,000 kg
  3. 2,129,400 kg
  4. 2,130,600 kg

Answer(s): B



Which THREE of the following are characteristics of job costing?

  1. It is appropriate where homogeneous products are manufactured
  2. It is only appropriate in manufacturing environments
  3. Costs are traced to separately identifiable cost units
  4. It cannot be applied in a public sector or not for profit organization
  5. A separate work in progress account is maintained for each cost unit
  6. It is a specific order costing system

Answer(s): C,E,F



CORRECT TEXT

A company currently allows a discount of 10% to customers who pay at the time of purchase. If 20% of customers pay immediately, the extra sales needed in July to increase the cash receipts in that month by £9,000 are:

  1. £50001

Answer(s): A



Refer to the exhibit.



DS is manufacturing company that uses an integrated accounting system. The following payroll data is available for the month of August:

The Employers' National Insurance for the period was $13,790. An analysis of the wages is as follows:

Which of the following factors affect the budgeted cash flow:

(a) Funds from the issue of share capital

(b) Bank Interest on a long term loan

(c) Depreciation on fixed assets

(d) Bad debt write off

  1. Factors (a), (b), (c) and (d)
  2. Factors (a) and (b) only
  3. Factor (a) only
  4. Factors (b), (c) and (d) only

Answer(s): B



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