Free BA2 Exam Braindumps (page: 24)

Page 24 of 99

In an integrated cost and financial accounting system, the accounting entries for the cost of production units completed in the period would be:

  1. Debit: Finished goods control accountCredit: Work in progress control account
  2. Debit: Work in progress control accountCredit: Finished goods control account
  3. Debit: Cost of sales accountCredit: Finished goods control account
  4. Debit: Finished goods control accountCredit: Cost of sales account

Answer(s): A



CORRECT TEXT

Refer to the exhibit.



The budgeted contribution for last month was $53,600. The variances reported were as follows:

The actual contribution for last month was:

  1. $62750

Answer(s): A



In a company's sales ledger department, one additional invoice clerk is needed for every eighty customers added to the customer database. The total salary cost of invoice clerks is best described as:

  1. a variable cost
  2. a semi-variable cost
  3. a fixed cost
  4. a step cost

Answer(s): D



Refer to the exhibit.



An income statement summary for a particular product shows the following:

In which of the following circumstances would it be appropriate to continue to produce the product?

  1. When avoidable fixed costs are at least £400
  2. When net profit is improved to greater than zero.
  3. When contribution is greater than zero.
  4. When avoidable fixed costs are less than £900

Answer(s): D



Page 24 of 99



Post your Comments and Discuss CIMA BA2 exam with other Community members:

@MaBlerh commented on June 02, 2024
Good exam simulation questions
Anonymous
upvote