,Exam Paper for Managerial Accounting in BBA (With
Answers)
PAPER # 1
**Managerial Accounting Exam Paper**
**Duration: 2 hours**
**Instructions:**
1. This exam consists of two sections: Multiple Choice Questions (MCQs) and
Short Answer Questions (SAQs).
2. Answer all the MCQs in Section A by circling the letter corresponding to
your chosen answer.
3. Answer all the SAQs in Section B. Provide complete and concise answers.
4. Show all calculations and workings where applicable.
5. Write your answers in the provided space. If you need extra space, use
the back of the paper.
6. Total marks for the exam: 100.
Circle the letter corresponding to the correct answer.
1. Which of the following statements is true regarding managerial
accounting?
a. It is primarily used for external reporting.
2
, b. It is concerned with providing information to internal users for decision-
making.
c. It is governed by Generally Accepted Accounting Principles (GAAP).
d. It focuses on historical financial data.
**Answer: b**
2. What is the main purpose of cost allocation in managerial accounting?
a. To minimize costs.
b. To allocate costs to products or services.
c. To determine the selling price of a product.
d. To prepare financial statements.
**Answer: b**
3. Contribution margin is calculated as:
a. Sales revenue - Total expenses.
b. Sales revenue - Cost of goods sold.
c. Gross profit - Operating expenses.
d. Operating income - Interest expenses.
**Answer: c**
4. Which of the following is an example of a variable cost?
3
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