cameroon gce advanced level 2025 cost and management accounting 1

SECTION A: COST ACCOUNTING

2

1. In Activity-Based Costing (ABC), which stage involves the factors or variables that drive each activity’s costs?A Identify cost of Activities

   B Assign costs to activities

   C Allocate costs to cost objects

   D Identify cost drivers

2. Which of the following is a costing technique?A Marginal costing

   B Order costing

   C Historic costing

   D Future costing

3. Abnormal gain is calculated asA Unexpected profit from price increase due to sudden jump in demand.

   B Profit from sale of fix-assets.

   C Normal less minus actual loss.

   D Profit realised outside the normal course of business.

4. Direct material is an example ofA Fixed cost.

   B Variable cost.

   C Semi variable cost.

   D Semi fixed cost.

5. Standard time of a job is 60 hours and guaranteed time rate is 3,000 CFAF per hour. What is the amount of wages under Rowan plan if job is completed in 48 hours?A 162,000 CFAF

   B 172,800 CFAF

   C 180,000 CFAF

   D 144,000 CFAF

6. A company produces a batch of 2,000 units and incurs a total cost of 60,000 CFAF, compute the cost per unitA 30 CFAF per unit

   B 20 CFAF per unit

   C 60 CFAF per unit

   D 25 CFAF per unit

7. In ABC method, costs are assigned to products based onA historical cost data.

   B Variable cost.

   C Fixed cost.

   D Activities cost drivers.

8. Calculate the value of prime cost from the following:Direct materials purchased 300,000 CFAF, direct consumable stores 20,000 CFAF, direct labour 100 000 CFAF, manufacturing overheads 50,000 CFAF, direct expenses 40,000 CFAF.

   A 540,000 CFAF

   B 500,000 CFAF

   C 690,000 CFAF

   D 650,000 CFAF

9. A firm’s total cost varies according to output as shown on the table below, but the variable cost per unit is constantOutput in kg

   4,000

   10,000

   Total Cost in CFAF

   240,000

   300,000

   Calculate fixed cost at lowest level

   A 250,000 CFAF

   B 60,000 CFAF

   C 540,000 CFAF

   D 200,000 CFAF

10. The primary purpose of contract costing is:A to manage stock levels.

    B to calculate the cost of goods sold.

    C to assess profitability of long-term contracts.

    D to identify costs of contracts.

11. Given that budgeted overhead cost is 280,000 CFAF and actual overhead is 220,000 CFAF. The budgeted activities are 400 units and actual activities are 250 units. The overhead absorption rate isA 700 CFAF

    B 1,120 CFAF

    C 550 CFAF

    D 430 CFAF

12. The value of work done for a certain contract is 4,800,000 CFAF. The contractee has paid 1,500,000 CFAF and the retention percentage is 10%. Calculate the amount of progress payment.A 4,320,000 CFAF

    B 1,800,000 CFAF

    C 2,820,000 CFAF

    D 2,970,000 CFAF

13. The average stock level is 335 Kg. the minimum stock level is 220 Kg. Calculate the maximum stock level.A 450 Kg

    B 115 Kg

    C 478 Kg

    D 277.5 Kg

14. The total cost equation Y = 40a + 4,500 for 2023 where ‘a’ is duration. Calculate the total cost for May 2025A 5,700

    B 5,940

    C 4,680

    D 5,660