F2 (MA/FMA) – Chapter 03a – PART A – CBE MCQs – ACCA

These are ACCA F2 (MA/FMA) Management Accounting MCQs for Part-A of the Syllabus “The nature, source and purpose of management information”.

These MCQs are designed in a way that students could better understand the exam format and get used to practice online. This approach will reduce exam stress and enable students to prepare better.

We request the students, Not to solve the MCQs until they have learned and finished the entire F2 (MA/FMA) Management Accounting Chapter 3a – Cost classification and Syllabus Area Part-A “The nature, source and purpose of management information”.

All the questions are compulsory, so do not skip any.


Course: ACCA – Associations of Chartered Certified Accountants
Fundamental Level: Knowledge, FIA – Foundation in Accounting
Subject: Management Accounting
Paper: F2 – MA/FMA
Chapter: Cost classification
Chapter Number: 03a of the Practice and Exam Kit
Syllabus Area: A – The nature, source and purpose of management information
Questions Type: CBE MCQs
Exam Section Type: Section A

Number of the Questions

These Multiple Choice Questions (MCQs) contains 12 Questions that covers the Syllabus Area Part A of the Syllabus; The nature, source and purpose of management information of ACCA F2 (MA/FMA) Management Accounting Module.


These multiple-choice questions (MCQs) are not timed, allowing students to solve them without feeling any pressure and to pay proper attention to the questions.


Students can see their result at the end of the test. They can also be able to see the number of correct and wrong questions. Moreover, the explanation of wrong questions.

Types of Questions

MCQs: Choose one from the given options.
Multiple choice: Choose all those answers which seems to you correct/ or incorrect, as per the requirement of the question. Keep your eye on the wording “(select all those which are correct/ or incorrect)“.
Drop down: Select from the list provided.
Type numbers: Type your answer in numbers as per the requirement of the question.

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F2 - Chapter 3a - Part A - MCQs

Course: ACCA - FIA
F2 (MA/FMA) Management Accounting
Chapter: 3a - Cost classification
Syllabus Area: A - The nature, source and purpose of management information
Exam Section: Section A
Questions type: MCQs
Time: No Time Limit


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1 / 12

Which TWO of the following would be classed as indirect labour?

2 / 12

A manufacturing firm is very busy and overtime is being worked.

How would the amount of overtime premium contained in direct wages normally be classed?

3 / 12

A company makes chairs and tables.

Which TWO of the following items would be treated as an indirect cost?

4 / 12

Which TWO of the following is the manager of a profit Centre likely to have control?

5 / 12

Which TWO of the following items might be a suitable cost unit within the credit control department of a company?

6 / 12

A firm has to pay a 20c per unit royalty to the inventor of a device which it manufactures and sells.

How would the royalty charge be classified in the firm's accounts?

7 / 12

Which of the following best describes a controllable cost?

8 / 12

A company manufactures and sells toys.

Which TWO of these costs are classified as distribution costs?

9 / 12

The overhead expenses of a company are coded using a five digit coding system, an extract from which is as follows:

Cost centre Code no Types of expense Code no
Machining 10 Indirect materials 410
Finishing 11 Depreciation of production machinery 420
Packing 12 Indirect wages 430
Stores 13 Maintenance materials 440
Maintenance 14 Machine hire costs 450
Depreciation of non-production equipment 460

The coding for the hire costs of a packing machine is 12450.

Which is the coding for the issue of indirect materials issued from stores to the machining department?

10 / 12

A company employs four supervisors to oversee the factory production of all its products.

How would the salaries paid to these supervisors be classified?

11 / 12

Which of the following describes a cost centre?

12 / 12

Which of the following best describes a period cost?

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