Other
CIMA BA2 Practice Test Chapter 8- Integrated accounting system
- Course
- Institution
CIMA BA2 Practice Test Chapter 8- Integrated accounting system
[Show more]
Seller
Follow
ellewoods2
Reviews received
Content preview
BA 2 - Fundamentals of Management AccountingPractice questions
Integrated accounting systems
Chapter eight
BA 2 - Integrated accounting systems. Quantia Learning
,01. Gross wages incurred in department 1 in June were $54,000. The wages analysis shows
the following summary breakdown of the gross pay:
Paid to direct Paid to
labour indirect labour
$ $
Ordinary time 25,185 11,900
Overtime :
basic pay 5,440 3,500
premium 1,360 875
Shift allowance 2,700 1,360
Sick pay 1,380 300
36,065 17,935
What is the direct wages cost for department 1 in June?
A. $25,185
B. $30,625
C. $34,685
D. $36,065
02. FGH has two production departments, A and B. Workers in department A are considered
direct workers and workers in department B are considered indirect workers.
In the last week department A worked 40 hours of overtime, 30 at the specific request of a
customer and the remaining at the request of management. Department B worked 15 hours of
overtime, 5 of which were at the specific request of a customer.
All workers in department A are paid at a rate of $12 per hour and workers in department B are
paid at a rate of $10 per hour. All overtime is paid at time and a half.
Calculate the total overtime pay for the week, split between direct and indirect cost.
Direct overtime cost $ _________
Indirect overtime cost $ ________
Total overtime cost $ ________
BA 2 - Integrated accounting systems. Quantia Learning
, 03. An entity operates an integrated accounting system. It is issuing $40,000 worth of direct
materials to production.
In an integrated accounting system, the accounting entries to record an issue of direct materials
to production would be:
Debit Credit
A. Work in progress control account Material control account
B. Finished goods account Material control account
C. Material control account Work in progress control account
D. Cost of sales account Work in progress control account
04. During a period $35,750 was incurred for indirect labour.
In an integrated accounting system, the accounting entries to record the indirect labour cost
incurred in a period would be:
Debit Credit
A. Wages control account Overhead control account
B. WIP control account Wages control account
C. Overhead control account Wages control account
D. Wages control account WIP control account
05. In an integrated accounting system, the accounting entries required when a company
absorbs production overhead would be:
Debit Credit
A. Work in progress control account Overhead control account
B. Overhead control account Work in progress control account
BA 2 - Integrated accounting systems. Quantia Learning
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ellewoods2. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.31. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
78998 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now