Online Access Free CIMAPRO17-BA2-X1-ENG Practice Test

Which of the following is NOT a characteristic of useful operational level information?

• A.Focused on the decision to be made.
• B.Available immediately.
• C.Governed by financial reporting standards.
• D.Sufficiently accurate.

Which THREE of the following are parts of the master budget? (Choose three.)

• A.Administration overhead budget.
• B.Sales budget.
• C.Cash flow budget.
• D.Budgeted statement of financial position.
• E.Budgeted statement of profit or loss.
• F.Finished goods inventory budget.

A company's policy is to hold closing inventory each month equal to 10% of the next month's budgeted sales volume. The budgeted sales volumes of product Q for months 1 and 2 are 1,660 units and 2,300 units respectively.
The production budget for product Q for month 1 is:

• A.1,494 units
• B.1,890 units
• C.1,596 units
• D.1,724 units

Which of the following statements about batch costing is true?

• A.Batch costing must use absorption costing.
• B.The cost of a unit is found by dividing the cost of a batch by the number of units in the batch.
• C.Batch costing must use marginal costing.
• D.The cost of a batch is found by multiplying the cost of one unit by the number of units in the batch.

The following is an extract from a budgetary control report for the latest period:

The budget variance for prime cost is:

• A.$18,580 adverse
• B.$3,340 adverse
• C.$3,260 favourable
• D.$3,260 adverse