Free BA2 Exam Braindumps (page: 53)

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In an integrated cost and financial accounting system, the accounting entries for PAYE deducted from gross wages would be:

  1. Debit: Wages control account Credit: PAYE payable account
  2. Debit: Wages control account Credit: Bank account
  3. Debit: Production overhead control account Credit: Bank account
  4. Debit: PAYE payable account Credit: Bank account

Answer(s): A



Refer to the exhibit.



BBB has drawn up the following flexed budgets for the year:

What would be the total budgeted costs at the 80% level of activity?

  1. $355,080
  2. $360,794
  3. $350,636
  4. $372,223

Answer(s): A



A company achieves a profit/volume ratio of 25%. Sales for the month of July were £127,280 and fixed costs were £24,872.

What was the profit for the month?

  1. £6,218
  2. £38,038
  3. £6,948
  4. £25,602

Answer(s): C



Which of the following definitions best describes Zero based budgeting?

  1. A method of budgeting where an attempt is made to make the expenditure under each cost heading as close to zero as possible
  2. A method of budgeting whereby all activities are re-evaluated each time a budget is formulated
  3. A method of budgeting where the sum of revenues and expenditures in each budget centre must equal zero
  4. A method of budgeting whereby every item of expenditure does not have to be justified before its inclusion in the budget

Answer(s): B



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