Free BA2 Exam Braindumps (page: 34)

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Refer to the exhibit.



The following standard cost information relates to the production department of Brace Engineering Ltd.

The actual data for the month of March was as follows:



What is the direct labour rate variance (to the nearest whole number)?

  1. £2,500 favourable
  2. £2,500 adverse
  3. £2,656 favourable
  4. £2,656 adverse

Answer(s): B



Put simply, the role of the management accountant it to_______.

  1. assess internal information and analyse how it can be used to improve performance in the future.
  2. assess internal information to ensure the company is complying with financial and accountancy regulations.
  3. record and organises last year's transactions and produce financial statements for shareholders.

Answer(s): A



Refer to the exhibit.



In an integrated cost and financial accounting system, the accounting entries for factory overhead absorbed would be:

  1. Option A
  2. Option B
  3. Option C
  4. Option D

Answer(s): A



Zelts Ltd earns a contribution of 20% of the selling price for product 'Y'. The annual fixed costs are £200,000.

In order to earn an annual profit of £100,000 the sales revenue needs to be:

  1. £300,000
  2. £500,000
  3. £1,000,000
  4. £1,500,000

Answer(s): D






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