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100+ Free ICAB CL Management Information Practice Questions
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2026 Statistics
Key Facts: ICAB CL Management Information Exam
2 hours
Official exam duration
ICAB Syllabus 2023 Management Information module
100 marks
Paper total marks
ICAB Syllabus 2023
Tk. 1,500
Typical CL fee per 100-mark subject
ICAB application-fees page
25%
Each MI syllabus area weighting
ICAB Syllabus 2023 specification grid
ICAB CL Management Information is a 100-mark, 2-hour Certificate Level paper (exam fee commonly Tk. 1,500). Syllabus 2023 weights: Costing 25%, Budgeting 25%, Performance 25%, Decisions 25%. This free set offers 100 practice MCQs mapped to those areas.
Sample ICAB CL Management Information Practice Questions
Try these sample questions to test your ICAB CL Management Information exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.
1A leather goods factory in Dhaka incurs a monthly salary cost of BDT 45,000 for a supervisor who oversees multiple production lines. How should this cost be classified?
A.Fixed direct cost
B.Fixed indirect cost
C.Variable direct cost
D.Semi-variable direct cost
Explanation: The supervisor's salary does not change with short-term fluctuations in production volume, making it a fixed cost. Since the supervisor oversees multiple production lines, the cost cannot be traced directly to a single unit of product, making it an indirect cost (overhead).
2Dhaka Traders had an opening inventory of 100 units valued at BDT 50 each on 1st July. On 10th July, they purchased 200 units at BDT 55 each. On 15th July, they sold 150 units. Under the periodic weighted average cost (AVCO) method, what is the cost of the units sold?
A.BDT 7,500
B.BDT 7,750
C.BDT 8,000
D.BDT 8,250
Explanation: Under the periodic AVCO method, the weighted average cost is calculated as: Total Cost / Total Units = ((100 * BDT 50) + (200 * BDT 55)) / (100 + 200) = (BDT 5,000 + BDT 11,000) / 300 = BDT 16,000 / 300 = BDT 53.33 per unit. The cost of the 150 units sold is 150 * BDT 53.33 = BDT 8,000.
3Service Department X has total overheads of BDT 100,000 and serves Production Departments A (60%) and B (40%). Service Department Y has total overheads of BDT 80,000 and serves Production Departments A (50%) and B (50%). Under the direct reallocation method, what is the total service department cost allocated to Production Department A?
A.BDT 100,000
B.BDT 90,000
C.BDT 80,000
D.BDT 110,000
Explanation: Under the direct reallocation method, service department costs are allocated directly to production departments based on their service usage: Department A receives 60% of X (0.60 * BDT 100,000 = BDT 60,000) and 50% of Y (0.50 * BDT 80,000 = BDT 40,000). Total allocation to Department A = BDT 60,000 + BDT 40,000 = BDT 100,000.
4An electronics assembly unit in Chittagong wants to price a component. The total manufacturing cost per unit is BDT 1,200. If the firm requires a markup of 25% on cost, what should the selling price be?
A.BDT 1,440
B.BDT 1,500
C.BDT 1,600
D.BDT 1,650
Explanation: A markup of 25% on cost is added to the cost price: Selling Price = Cost * (1 + Markup Rate) = BDT 1,200 * (1 + 0.25) = BDT 1,200 * 1.25 = BDT 1,500.
5A retail outlet sells a premium leather jacket for BDT 2,000. If the shop achieves a gross profit margin of 30% on the selling price, what is the cost of the jacket?
A.BDT 1,400
B.BDT 1,540
C.BDT 1,700
D.BDT 1,300
Explanation: A profit margin of 30% on the selling price means that profit is 30% of the price, and cost represents 70% of the selling price: Cost = Selling Price * (1 - Margin) = BDT 2,000 * (1 - 0.30) = BDT 2,000 * 0.70 = BDT 1,400.
6Job 404 requires BDT 5,000 in direct materials and 10 hours of direct labor at BDT 150 per hour. Production overheads are absorbed at a rate of BDT 100 per direct labor hour. What is the total factory cost of Job 404?
A.BDT 6,500
B.BDT 7,500
C.BDT 8,000
D.BDT 9,000
Explanation: Total factory cost consists of: Direct Materials (BDT 5,000) + Direct Labor (10 hours * BDT 150 = BDT 1,500) + Absorbed Overheads (10 hours * BDT 100 = BDT 1,000). Total factory cost = BDT 5,000 + BDT 1,500 + BDT 1,000 = BDT 7,500.
7A product has a selling price of BDT 80, variable cost per unit of BDT 45, and budgeted fixed overheads of BDT 20 per unit. What is the contribution per unit?
A.BDT 35
B.BDT 15
C.BDT 55
D.BDT 25
Explanation: Contribution per unit is defined as: Selling Price - Variable Cost per Unit. Therefore: BDT 80 - BDT 45 = BDT 35. Fixed overheads are ignored in the calculation of contribution.
8In process costing, how is the scrap value of a normal loss typically accounted for?
A.Deducted from the total process costs before calculating the unit cost of good output
B.Debited directly to the costing profit and loss account as an expense
C.Added to the value of the abnormal loss account
D.Credited to the raw materials inventory account to reduce unit price
Explanation: The scrap value of a normal loss is deducted from the total process costs to determine the net cost of the process. This net cost is then divided by the expected output to find the cost per equivalent unit.
9A factory in Gazipur budgeted fixed overheads of BDT 450,000 based on 15,000 machine hours. Actual overheads incurred were BDT 460,000 and actual machine hours worked were 16,000 hours. What was the over- or under-absorption of overheads?
A.BDT 10,000 under-absorbed
B.BDT 10,000 over-absorbed
C.BDT 20,000 under-absorbed
D.BDT 20,000 over-absorbed
Explanation: The predetermined overhead absorption rate (OAR) is BDT 450,000 / 15,000 hours = BDT 30 per machine hour. Absorbed overheads = Actual hours * OAR = 16,000 * BDT 30 = BDT 480,000. Over/Under-absorption = Absorbed Overheads - Actual Overheads = BDT 480,000 - BDT 460,000 = BDT 20,000 (over-absorbed, because absorbed overhead exceeds actual overhead).
10A business produced 12,000 units and sold 10,000 units during a period. The standard fixed overhead absorption rate is BDT 8 per unit. The marginal costing profit was BDT 120,000. What is the absorption costing profit?
A.BDT 104,000
B.BDT 120,000
C.BDT 136,000
D.BDT 152,000
Explanation: Absorption Costing Profit = Marginal Costing Profit + (Change in Inventory * Fixed Overhead Rate). Inventory increased by: Production (12,000) - Sales (10,000) = 2,000 units. Thus, Absorption Costing Profit = BDT 120,000 + (2,000 * BDT 8) = BDT 120,000 + BDT 16,000 = BDT 136,000.
About the ICAB CL Management Information Practice Questions
Verified exam format metadata for ICAB CA Certificate Level Management Information (Bangladesh) is pending. The practice questions above remain available while official exam length, timing, passing score, fee, and administrator details are reviewed.