MANAGEMENT ADVTSORY SERVICES

/ First Preboard Examinations (October 2A17 Batch)

16 July 2OL7 .8:O0 AM to 11:00 AM Page 3
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14. Standards of Ethical Conduct' for Management Accountants do not
include <
(r,
VJ
Lcyalty
b. Competence
c. Objectivity
d. Confldentiality
15. A healthy community with steadily growing population would tend to
shi ft
a. Demand curve to the left
,,lbl Demand curve to the right
'C supply curve to the left
d. Supply curve to the right
16. Hulk Shoe Shop is preparing its cash budget for the month of May.
Hulk pays 60% of purchases in the month of purchase and the remainder
the next month. Operationaf information follows:
Beginning in.rentory, May 1 P 20,000
Estimated May cost of goods sold 100,000 )'r,..]
Estimated May ending inventory 35,000 ,

Aprii purchases 90,00C 't tl: !

(ufu., ' ,: ""-. v'q

,
W::at are Hu l-k's estl:na:ed cash payments for shoes in May, \l J'
, tj3C
, raa
, UU-
d. P 70, 000
17. The relationship betweiln unit production and average unit cost is: Wr
: -!li::e:t
i-. .
__i.c_>=
a. -^ ^: -:
--u)- -- ---
.'=
^ _qpu::cus

18. Given the following January data for Captain America Company, which
uses a single material for the manufacturing of its lone product:
Material purchase price varlance p 250
Actual price per unit p 1.20
Standard price per unit p 1.10
. Materials, .T;rnuary 1 320 units
Materials, January 31 480 units
If the material price remained slQle, how much is the actual cost of
materials used for the Ja4gegl' production?
I ',,
w P 2,340
b. P 2,5'l4
c. P 2,808
d. P 3,192
19. Management advisors are NOT hired
a, To render an indep€i&nt opinion
b. To provide specialized skitl-s and experience
c. To serve as a catalyst for needed changres in the workplace
i8ll
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To implement solutions and decide on business matters on
behalf of the client
20. Just-in-time system is often considered as a
,/di Demand-pul1 system
E. Demand-push system
c. Supply-pull system
d. Supply-push system