A management accountant has forecast the following cash inflows from four potential projects.
All four projects require the same initial investment and will last for four years. They all result in a positive net present value but only one of the projects can be undertaken.
Which project should be selected?
The managing director of a small expanding company has a limited understanding of accounting and has asked you to explain the role of the management accountant in value creation.
Which ONE of the following is NOT a primary role of the management accountant?
A company uses an integrated accounting system. The following data relate to the latest period.
At the end of the period, the entry in the production overhead control account in respect of under or over absorbed overheads will be:
Assume that a unit of output is the cost object. Which of the following statements is valid?
Refer to the exhibit.
C Ltd manufactures three products, which require the same type of materials. The following contribution and profit per unit is available:
In a period in which labour hours are in short supply, which of the following options is the rank order of production?
The selling price of product 'P' is £20 per unit. Variable costs are £6 per unit and total fixed costs are £140,000 each year.
To earn a profit of £70,000 each year, the annual sales will need to be, to the nearest 1,000 units,
TESTED 22 Feb 2025
