CPA MA Management Accounting Online Training
CPA MA Online Training
The questions for MA were last updated at Apr 22,2025.
- Exam Code: MA
- Exam Name: Management Accounting
- Certification Provider: CPA
- Latest update: Apr 22,2025
Bush has been asked by his bank to produce a budgeted income statement for the six months ending on 31 March 2014. He forecasts that monthly sales will be $3,000 for October, $4,500 for each of November and December, 2013 and $5,000 per month from January 2014 onwards.
Selling price is fixed to generate a margin on sales of 33.33%.
Overhead expenses (excluding depreciation) are estimated at $800 per month. He plans to purchase non-current assets on 1st October costing $5,000, which will be paid for at the end of December and are expected to have a five-year life, at the end of which they will possess a nil residual value.
The budgeted net profit for the six months ending 31 March 2014 is:
- A . $3,200
- B . $3,700
- C . $3,950
- D . $8,200
Which of the following statements is NOT correct about the Kaizen philosophy?
- A . Theorganizationshould always seek perfection. Since perfection is never achieved, there must always be scope for improving on the current methods.
- B . Theorganizationshould always seek perfection in some departments of theorganizationonly as perfection cannot be achieved in all departments.
- C . The search for perfection should be ingrained into the culture and mindset of all employees.
- D . Individual improvements identified by the work force will be small rather than far-reaching.
A company absorbs overheads on a machine hour basis. Actual machine hours were 20,000, actual overheads were $480,000 and there was over absorption of overheads of $95,000.
What is the overhead absorption rate?
- A . $19.25 per unit
- B . $19.25 per hour
- C . $28.75 per unit
- D . $28.75 per hour
Silur Co buys and restores items of exclusive vintagejewelry. At 31 May 2009, the company had three items in inventory.
Details of the itemswere:
NecklaceBraceletPendant
Purchase cost12,00031,00045,000
Expected selling price25,00038,00053,000
Restoration costs to date6,0005,0002,000
Further costs before sale2,0003,0001,000
What was the total value of Silur’s inventory at 31 May 2009?
- A . $88,000
- B . $100,000
- C . $106,000
- D . $107,000
Sun Mics’ e-procurement system shows the bidding to be placed over the Internet, and rival bids for all suppliers.
Which of the following will be an advantage of e-procurement system for Sun Mics’?
- A . Intermediaries in the supply chain might be reluctant to collaborate, due to a fear that they might be eliminated from the chain.
- B . Investment in e-procurement would be too expensive and risky.
- C . Reductions in the lead time between placing an order and receiving delivery.
- D . To set up an integrated e-procurement system for an entire supply chain would be expensive and complex.
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