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ACCA Management Accounting (MA) 2024 past questions and answers

This 2024 ACCA Management Accounting (MA) set has 20 practice questions. Try these 5 free sample questions, tap a question to reveal the answer and explanation. Then practise the whole 2024 set with instant marking.

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Sample ACCA Management Accounting (MA) 2024 questions

1. A furniture maker pays a supervisor a fixed monthly salary to oversee the workshop. How should this cost be classified in relation to individual tables produced?
  1. Direct material
  2. Direct labour
  3. Indirect production cost
  4. Selling cost

Answer: C. Indirect production cost

The supervisor supports production but cannot be traced economically to an individual table, so the salary is an indirect production cost. It is not a selling cost because the supervisor works in the workshop.

2. A delivery company pays a monthly vehicle-leasing charge of $4,000 for capacity of up to 20,000 deliveries. For monthly activity between 20,001 and 40,000 deliveries, it must lease a second vehicle for another $4,000 per month. What is the best description of this cost within the relevant range?
  1. A stepped fixed cost
  2. A variable cost
  3. A semi-variable cost
  4. A direct material cost

Answer: A. A stepped fixed cost

The charge remains fixed within each capacity band and increases in a step when another vehicle is required. A variable cost would change in proportion to every delivery.

3. A maintenance department recorded total costs of $12,000 at 1,000 machine hours and $15,000 at 1,600 machine hours. Using the high-low method, what is the estimated variable maintenance cost per machine hour?
  1. $3
  2. $4
  3. $5
  4. $7.50

Answer: C. $5

Variable cost per hour is the change in cost divided by the change in hours: ($15,000 − $12,000) ÷ (1,600 − 1,000) = $5. $7.50 is the high-activity total cost per hour, not the variable element.

4. A factory expects production overhead of $360,000 and 24,000 machine hours in the coming period. Product X uses 3 machine hours per unit. Using a machine-hour absorption rate, how much overhead should be absorbed by each unit of X?
  1. $15
  2. $30
  3. $45
  4. $60

Answer: C. $45

The overhead absorption rate is $360,000 ÷ 24,000 = $15 per machine hour. Each unit absorbs 3 × $15 = $45. $15 is the rate per hour, not per unit.

5. A bakery produces identical loaves continuously. There is no opening or closing work in progress, and all 8,000 loaves completed are identical. Which costing method is most appropriate for determining an average cost per loaf?
  1. Job costing
  2. Process costing
  3. Batch costing only
  4. Contract costing

Answer: B. Process costing

Process costing accumulates costs for a continuous flow of homogeneous output and calculates an average unit cost. Job costing is appropriate when output is separately identifiable and distinct.

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