ACCA Management Accounting Mock Exam 2 Paper F2

Aug 24, 2026

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ACCA Management Accounting Mock Exam 2 (Paper F2) brings together 50 compulsory assessment questions designed for a focused three-hour study session. For students preparing for management accounting examinations, working through a complete mock assessment can help reveal calculation weaknesses, strengthen formula recall and build confidence in applying accounting techniques under time pressure. The set is particularly useful as a structured practice resource after reviewing the main syllabus areas.

The questions cover a broad selection of quantitative and decision-support techniques. Linear regression and correlation provide practice with statistical relationships and the interpretation of accounting data, while economic order quantity introduces the principles behind inventory ordering decisions. Inventory holding cost is also tested, helping students connect stock management with the financial consequences of maintaining inventory.

Cost accounting questions focus on practical calculations that commonly require careful attention to the information provided. Overhead absorption is examined using both machine hours and labour hours, giving learners practice in selecting and applying an appropriate absorption basis. Process costing is also included, with equivalent units and normal loss testing the ability to deal with production costs when output includes incomplete units and expected losses.

Budgeting and decision-making form another substantial part of the assessment. Questions involving expected value require students to consider uncertain outcomes and interpret potential profits, while sunk cost questions focus on identifying which costs are relevant to a future decision. Contribution and breakeven calculations extend this analysis, with profit-volume chart interpretation helping students understand the relationship between sales, contribution and profitability.

The mock assessment also tests direct labour calculations where overtime is involved, as well as service costing and methods for improving the contribution-to-sales ratio. This combination means the practice set moves between numerical calculation, interpretation and business application rather than concentrating on one isolated topic. The 50-question format makes it suitable for a timed study session and for checking progress across multiple management accounting areas.

Students searching for ACCA F2 mock exam resources can use this assessment to practise the style and breadth of management accounting questions before moving on to other revision materials. An ACCA F2 mock exam PDF or ACCA F2 past papers can also be useful when building a wider practice routine, particularly when combined with earlier foundational material such as MA1 BPP Study Text. After reviewing the relevant concepts, the complete mock assessment can be used for free read and download, allowing learners to complete a focused practice session and identify areas that require further revision.

LanguageEnglish

CategoryExam

FormatPDF

Pages20

Reading Time50 min

AccessFree to download

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Question 50

ACCA

Management Accounting

Mock Exam 2

Paper F2

Questions (Duration: 3 hours)

LSAM

FORMULAE SHEET

Linear regression

n ¦ xy- ¦ x ¦ y r =

~~ ~~ [n ¦ x 2-(¦ x)2 ][n ¦ y 2-(¦ y)2 ]

If y = a + bx,

b = ~~n~~n~~ ¦~~¦~~xy~~x2--~~ ¦~~(¦~~x~~x~~¦~~)2~~y~~ and a = ¦ny

-b

¦ x

Economic order quantity

Economic order quantity =

Economic batch quantity =

2COD

CH 1-D © R ¹

ALL 50 questions are compulsory and MUST be attempted

QUESTION 1

The following details are available for a company:

Expenditure Machine hours Labour hours

Budgeted £176,400

4,000

3,600

Actual £250,400

5,000

5,400

If the company absorbs overheads using labour hours, then, during the period, overheads were:

A Under-absorbed by £29,900

B Under-absorbed by £14,200

C Over-absorbed by £14,200

D Over-absorbed by £64,990 (2 marks)

QUESTION 2

A company uses process costing in calculating output cost. The following details are available for a particular department in December 20X8 . All materials are added at the start of the process:

Opening Work in Progress Nil Units

Units started 10,000 units

Closing Work-in-Progress 1,000 units

100% complete for materials

75% complete for conversion

Normal loss 200 units

Units completed 8,000 units

If all losses occur at the start of the process, how many equivalent units should be included for materials?

7,750 8,750 8,800

9,800

(2 marks)

QUESTION 3

A principal budget factor is a factor common to all functions in budget preparation.

True False

(1 mark)

QUESTION 4

The management of a company is making a decision which could lead to just three possible outcomes – ‘high’, ‘medium’ and ‘low’ levels of demand. Profit and expected value information are as follows:

Outcome Profit Profit x Probability

High $29,000 .00 $7,250 .00

Medium $20,000 .00 $8,000 .00

Low $12,000 .00 $4,200 .00

What is the most likely level of profit from making the decision?

$19,450 $20,000

$20,333

$29,000

(2 marks)

QUESTION 5

A sunk cost is a relevant cost.

Is this statement true or false?

A True

B False (1 mark)

QUESTION 6

The following data is available for a company in period 2.

Actual overheads $225,900

Actual machine hours 7,530

Budgeted overheads $216,000

Based on the data above and assuming that the budgeted overhead absorption rate was $32 per hour, the number of machine hours (to the nearest hour) that were budgeted to be worked were:

7,059 6,750 6,900

7,000

(2 marks)

QUESTION 7

Overhead absorption is a means of attributing total costs to a cost unit.

A True

B False (1 mark)

The following information relates to questions 8 and 9.

Cost

and revenue

in $

Sales revenue Total costs

Output

Budgeted sales

QUESTION 8

This graph is known as:

A conventional breakeven chart

B contribution breakeven chart

C semi-variable cost chart

D profit v

FAQs

What topics does ACCA Management Accounting Mock Exam 2 (Paper F2) cover?

ACCA Management Accounting Mock Exam 2 (Paper F2) covers linear regression, correlation, economic order quantity, overhead absorption, process costing, equivalent units, normal loss, budgeting, expected value, sunk costs, contribution, breakeven analysis, profit-volume charts, inventory holding costs, overtime labour and service costing.

How many questions are included in ACCA Management Accounting Mock Exam 2 (Paper F2)?

ACCA Management Accounting Mock Exam 2 (Paper F2) contains 50 compulsory assessment questions designed for a three-hour study and practice session.

How does ACCA Management Accounting Mock Exam 2 (Paper F2) test cost accounting skills?

ACCA Management Accounting Mock Exam 2 (Paper F2) tests cost accounting through overhead absorption using machine and labour hours, process costing, equivalent units, normal loss and direct labour calculations involving overtime.

Why does ACCA Management Accounting Mock Exam 2 (Paper F2) include expected value and sunk cost questions?

These areas test whether students can distinguish relevant information, evaluate uncertain outcomes and apply management accounting information when making business decisions.

Where can I download and read ACCA Management Accounting Mock Exam 2 (Paper F2) for free?

You can download and read the complete mock assessment directly on this webpage for free and use the 50-question set as a timed management accounting practice session.

Aug 24, 2026

152

Upload by Noah