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P1 Exam Dumps : Management Accounting

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Management Accounting Questions and Answers

Question 1

Two products being produced by a company require the same material which is limited to 2,600 kgs.

What is the optimal production plan?

Options:

A.

500 units of S & 100 units of T

B.

50 units of S & 400 units of T

C.

400 units of S & 167 units of T

D.

500 units of S & 400 units of T

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Question 2

Which THREE of the following are purposes of all budgets?

Options:

A.

Co-ordination

B.

Communication

C.

Profit maximisation

D.

Diversification

E.

Authorization

F.

Consolidation

Question 3

For a company that does not have any production resource limitations, what would be the correct sequence for budget preparation?

Options: