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CIMA
BA2
CIMA.BA2.v2022-04-22.q102 Practice Test (Page 22)
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BA2 Exam Question
101
A fixed budget is:
A.
A budget prepared on a continuous basis
B.
A budget for fixed overheads
C.
A budget which shows costs and revenues for a single level of activity
D.
A budget which shows costs and revenues at different levels of activity
Correct Answer:
C
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BA2 Exam Question
102
A flexible budget is:
A.
A budget that can be flexed if fixed costs are different from forecast
B.
A budget that can be flexed if unit variable costs are different from forecast
C.
A budget that can be flexed if the activity level is different from forecast
D.
A budget that can be flexed if the inflation level is different from forecast
Correct Answer:
C
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