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ACCA PM

Guided practice

Exam-style PM questions worked on a practice sheet, with hints and Show me how when you are stuck, then exam-style MCQs to finish.

Chapter 1: Activity based costing

  1. Chapter 1Activity based costing: cost pools, driver rates and cost per unit3 questions · 5 exam-style MCQs

Chapter 2: Target costing

  1. Chapter 2Target costing: from a required margin and from a required ROI2 questions · 5 exam-style MCQs

Chapter 3: Life-cycle costing

  1. Chapter 3Life-cycle costing: whole-life cost against the target cost3 questions · 5 exam-style MCQs

Chapter 5: Throughput accounting

  1. Chapter 5A single limiting factor: ranking, the production plan and make-or-buy3 questions · 5 exam-style MCQs
  2. Chapter 5Throughput accounting: return per bottleneck hour, TPAR and the bottleneck4 questions · 5 exam-style MCQs

Chapter 6: Limiting factors

  1. Chapter 6Linear programming: optimum, slack and shadow prices3 questions · 5 exam-style MCQs

Chapter 7: Pricing

  1. Chapter 7Pricing: cost-plus, the tabular optimum and price elasticity3 questions · 5 exam-style MCQs
  2. Chapter 7The demand equation and the MR = MC price3 questions · 5 exam-style MCQs

Chapter 8: Cost Volume Profit Analysis

  1. Chapter 8CVP for one product: breakeven, margin of safety and the C/S ratio3 questions · 5 exam-style MCQs
  2. Chapter 8Multi-product CVP: weighted C/S ratio and breakeven revenue3 questions · 5 exam-style MCQs

Chapter 9: Short-term decision making

  1. Chapter 9Relevant costing: a one-off contract3 questions · 5 exam-style MCQs
  2. Chapter 9Shutdown decisions: lost contribution against avoidable costs2 questions · 5 exam-style MCQs

Chapter 10: Risk and Uncertainty

  1. Chapter 10Payoff tables: expected value, maximin, maximax, minimax regret and perfect information5 questions · 5 exam-style MCQs
  2. Chapter 10Decision trees - roll back a multi-stage decision and value the research2 questions · 5 exam-style MCQs

Chapter 11: Budgeting

  1. Chapter 11Functional budgets, then a flexed budget5 questions · 5 exam-style MCQs

Chapter 12: Analytical techniques in budgeting and forecasting

  1. Chapter 12High-low - split a semi-variable cost and use it2 questions · 5 exam-style MCQs
  2. Chapter 12Learning curves - by doubling, by formula, and when learning stops3 questions · 5 exam-style MCQs

Chapter 13: Standard Costing and Basic Variance Analysis

  1. Chapter 13Standard costing - flex, analyse and reconcile to actual profit5 questions · 5 exam-style MCQs

Chapter 14: More variance analysis

  1. Chapter 14Planning and operational variances - separate the out-of-date standard from performance3 questions · 5 exam-style MCQs
  2. Chapter 14Material mix and yield - proportions, then output2 questions · 5 exam-style MCQs
  3. Chapter 14Sales mix and quantity - which units were sold, not just how many2 questions · 5 exam-style MCQs

Chapter 15: Financial Performance Measurement

  1. Chapter 15Financial performance ratios - calculate on stated definitions, then explain5 questions · 5 exam-style MCQs

Chapter 17: Divisional performance measurement

  1. Chapter 17ROI and residual income - when the manager and the company disagree3 questions · 5 exam-style MCQs

Chapter 18: Transfer Pricing

  1. Chapter 18Transfer pricing - why cost-plus can fail, and the sensible range2 questions · 5 exam-style MCQs