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BA2 – Fundamentals of Management Accounting

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Showing 7–9 of 10 questions

Question 7

Which of the following is a relevant cost?

Select an option, then click Submit answer.

  • ○

    A sunk cost
  • ○

    A committed cost
  • ○

    An incremental cost
  • ○

    A historical cost
Question 8

A sales manager has analysed a sample of 350 sales transactions from the latest period. The manager wishes to investigate:

how many customers made their purchase online using the internet and how many purchased by telephone. how many were new customers and how many were placing repeat orders.

The following table shows the results of the analysis.

If the pattern of sales occurs next period, the probability of a particular sale being a repeat order placed online is closest to:

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  • ○

    0.11
  • ○

    0.40
  • ○

    0.16
  • ○

    0.35
Question 9

Data for the latest period for a company which makes and sells a single product are as follows:

There were no budgeted or actual changes in inventories during the period.

The variable overhead expenditure variance for the period was:

Select an option, then click Submit answer.

  • ○

    $462 favourable.
  • ○

    $462 adverse.
  • ○

    $2,202 favourable.
  • ○

    $2,202 adverse.