Cima C01 Exam Question No 25

Question No 25:

What is overtime premium is?

A. The additional amount paid for hours worked in excess of the basic working week.
B. The additional amount paid over and above the normal hourly rate for hours worked in excess of the basic working week.
C. The additional amount paid over and above the overtime rate for hours worked in excess of the basic working week.
D. The overtime rate.

Answer: B

Cima C01 Exam Question No 24

Question No 24:

Which of the following would NOT be included in a cash budget?
(i) Depreciation
(ii) Provisions for doubtful debts
(iii) Wages and salaries

A. (i) and (ii) only
B. (ii) and (iii) only
C. (iii) only
D. (i) only

Answer: A

Cima C01 Exam Question No 23

Question No 23:

The principal budget factor is the?

A. Factor which limits the activities of the organisation and is often the starting point in budget preparation.
B. Budgeted revenue expected in a forthcoming period.
C. Main budget into which all subsidiary budgets are consolidated.
D. Overestimation of revenue budgets and underestimation of cost budgets, which operates as a safety factor against risk.

Answer: A