Enter your name and email address to take the Free MCQ Test on ACCA F2 / FIA FMA.
Number of Questions: 15 questions
Time Available: 36 mins
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Questions: 15 | Attempts: 1940 | Last updated: Jun 17, 2019
Which of the following statements are true?
The main users of financial accouting information are external to the organisation.
Cost accounting is that part of financial accounting which records the cash received and payments made by an organisation.
Here we bring you an ACCA F5 Certification exam practice test. One of the basic skills needed, regardless of the type of business opened, is to do proper accounting for either reporting or record-keeping purposes. ACCA is a...
Questions: 45 | Attempts: 1553 | Last updated: Sep 28, 2020
The following costs have arisen in relation to the production of a product:
(i) Planning and concept design costs
(ii) Testing costs
(iii) Production costs
(iv) Distribution and customer service costs
In calculating the life cycle costs of a product, which of the above items would be included?
Enter your name and email address to take the Free MCQ Test on Accounting for Materials (ACCA F2 / FIA FMA).
Number of Questions: 10 questions
Time Available: 24 minutes
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Questions: 10 | Attempts: 1521 | Last updated: Jun 14, 2019
The purchase price of an inventory item is $25 per unit. In each three month period the usage of the item is 20,000 units.
The annual holding costs associated with one unit equate to 6% of its purchase price. The cost of placing an order for the item is $20.
What is the economic order quanity for the inventory item to the nearest whole unit?