ZAI Quiz – ACCA FMA (Management Accounting)
Total Questions: 10
Each question has 4 options. Choose the correct one.
1. What is the primary purpose of management accounting?
A) To comply with tax regulations
B) To assist management in planning, controlling, and decision-making
C) To prepare financial statements for shareholders
D) To audit the company’s accounts
2. Which of the following is classified as a variable cost?
A) Rent of factory
B) Factory supervisor salary
C) Direct materials
D) Depreciation
3. A cost that remains constant in total but varies per unit is known as:
A) Variable cost
B) Fixed cost
C) Semi-variable cost
D) Step cost
4. In break-even analysis, the contribution per unit is calculated by:
A) Sales per unit + Fixed cost per unit
B) Sales per unit − Variable cost per unit
C) Fixed cost / Units sold
D) Total cost / Units sold
5. The margin of safety represents:
A) The difference between actual sales and break-even sales
B) The profit made on each unit sold
C) The total fixed costs
D) The total contribution
6. Which of the following best describes absorption costing?
A) Only variable production costs are included in product cost
B) All costs are treated as period costs
C) All fixed and variable production costs are absorbed into unit cost
D) Only fixed overheads are included in product cost
7. What is the main purpose of a budget?
A) To record actual results
B) To compare with competitors
C) To control and plan future activities
D) To report year-end profits
8. If fixed costs are $20,000 and contribution per unit is $5, how many units need to be sold to break even?
A) 2,000 units
B) 4,000 units
C) 5,000 units
D) 20,000 units
9. Which costing method is more suitable for a business producing customized, one-off products?
A) Process costing
B) Job costing
C) Batch costing
D) Marginal costing
10. What is a limiting factor in decision-making?
A) The factor with the highest cost
B) The resource that restricts output
C) A fixed cost that cannot be changed
D) The break-even point
✅ Answers
- B
- C
- B
- B
- A
- C
- C
- C
- B
- B
