Each question may be MORE than one answers. Please answer carefully.1. The role(s) of management accountant in an organisation includes A. Preparing cash budget to forecast future cash inflows and outflows.B. Deciding which products to be produced due to insufficient resources.C. Preparing financial statements according to the accounting standards.D. Review tax computation before submission to the tax authority.2. Which of the following example(s) is/are quantitative information? A. The cost of raw material A is RM100 per kg.B. Score of 4 out of 5 for customer satisfaction survey for the service provided by employee B.C. Rate of inflation has increased by 0.5% in Country C.D. 6 labour hours are needed to product one unit of Product D.3. Which of the following change(s) of business environment has impact on management accounting system? A. The growth of service sector and therefore service costing is becoming more important.B. Production process has become more simplified and therefore traditional absorption costing is sufficient to measure costs accurately.C. Products in general have longer life cycle due to an improvement in production technology. Therefore, life cycle costing is needed.D. Business needs to focus more on customer satisfaction and therefore new management accounting techniques such as Total Quality Management (TQM) emerged.4. Which of the following advantage(s) of Activity Based Costing (ABC) as compared to traditional absorption costing is/are correct? *A. ABC system could generate more accurate costing information as it allocates cost based on cause and effect basis..B. ABC system is simple to operate as the number of transaction based cost drivers are far lesser as compared to volume based cost drivers in traditional absorption costingC. ABC system is very flexible as its application could be used for both production and non-production overheads.D. ABC system is inexpensive as no special training is needed to implement the system.5. Which of the following qualitative factor(s) to consider in the make or buy decision? *A. The purchase price of supplier.B. Employees' morale due to loss of work to an outside supplier.C. Quality of product to be purchased from supplier.D. Timing of delivery of product by supplier.6. Which of the following statement(s) regarding decision making is/are correct? *A. A one off contract should be accepted if the contract price is higher than relevant cost.B. If the relevant cost of making is higher than the relevant cost of buying, the decision is to make the product provided there is no resource constraint.C. If the attributable profit of a product is positive, the decision should be to continue producing that product.D. Pre-separation point cost is a relevant cost and should be taken into consideration in a further processing decision.

Scenario 1 Scenario 3 Axel Sdn. Bhd. produced two products and the budgeted information for the next month are as follows: Cecil Sdo. Bhd. make two types of products using both machine and labour. Both the machine hours and labour hours are in short supply and so the accountant has correctly produced a linear programming model to help decide the optimal production mix. The objective is to maximise Product A Product B contribution (C) subject to: Materials @ RM3 per kg 10 kg per unit 5 kg per unit Labour @ RM2 per hour RM10 per unit RM5 per unit C =50X + 60Y, where X is the quantity of Product X and Y is the quantity of Product Y. Quantity 1,000 units 1,500 units Selling price RM60 per unit RM50 per unit The optimal production mix could be found on the intersection of the two constraints as Number of orders 3 5 follows: Number of crates 15 35 Machine hours: 3X + SY $ 275 hours Fixed production overheads are as follows: Labour hours: 2X + 4Y