Constant innovation

In order to remain competitive in the market, our company has been keeping researching and developing of the new CIMAPRO15-P01-X1-ENG exam questions. We are focused on offering the most comprehensive study materials which cover all official tests. Now, we have launched some popular study materials to meet your demands. In the future, our study materials will become the top selling products. Although we come across some technical questions of our CIMAPRO15-P01-X1-ENG study guide: P1 - Management Accounting Question Tutorial during development process, we still never give up. In addition, we are applying new technology to perfect the study materials. Through our test, the performance of our study materials becomes better than before. In a word, our study materials will move with the times. Please pay great attention to our CIMAPRO15-P01-X1-ENG actual exam.

No mistakes

Perhaps you worry about the quality of our CIMAPRO15-P01-X1-ENG exam questions. We can make solemn commitment that our study materials have no mistakes. All contents are passing rigid inspection. You will never find small mistakes such as spelling mistakes and typographical errors in our CIMAPRO15-P01-X1-ENG study guide: P1 - Management Accounting Question Tutorial. No one is willing to buy a defective product. So we have built a strict quality control system. The whole compilation process of the study materials is normative. We have proof-readers to check all the contents. Usually, the CIMAPRO15-P01-X1-ENG actual exam will go through many times'careful proofreading. Please trust us. We always attach great importance to quality of the study materials.

Quick delivery

Our web backend is strong. No matter how many people are browsing our websites at the same time, you still can quickly choose your favorite CIMAPRO15-P01-X1-ENG exam questions and quickly pay for it. There has no delay reaction of our website. So you can begin your pleasant selecting journey on our websites. If you find the most suitable study materials, just add the CIMAPRO15-P01-X1-ENG actual exam to your shopping cart and pay money for our products. Our online workers will quickly deal with your orders. We will follow the sequence of customers'payment to send you our CIMAPRO15-P01-X1-ENG guide: P1 - Management Accounting Question Tutorial to study. Normally, you just need to wait for about five to ten minutes. If you do not receive our study materials, please contact our online workers. It is our great advantage to attract customers. In a word, our running efficiency on CIMAPRO15-P01-X1-ENG exam questions is excellent. Time is priceless. Once you receive our email, just begin to your new learning journey.

At present, artificial intelligence is developing so fast. So machines inevitably grow smarter and more agile. In the result, many simple jobs are substituted by machines. In order to keep your job, choose our CIMAPRO15-P01-X1-ENG exam questions and let yourself become an irreplaceable figure. In fact, our study materials can give you professional guidance. As you know, the CIMA certificate is hard to get for most people. But our CIMAPRO15-P01-X1-ENG study guide: P1 - Management Accounting Question Tutorial will offer you the most professional guidance. As old saying goes, opportunities are always for those who prepare themselves well. In the end, you will easily pass the exam through our assistance. Then you will find that your work ability is elevated greatly by studying our CIMAPRO15-P01-X1-ENG actual exam. In the end, you will become an excellent talent.

CIMA CIMAPRO15-P01-X1-ENG Exam Syllabus Topics:

CIMA P1 - Management Accounting Question Tutorial Sample Questions:

1. A company produces a product that requires two materials, Material A and Material B. Details of the material quantities and costs for August are given in the table below.

Budgeted and actual output of the product for August was 12,000 units.
The material yield variance for August is:

A) $1,340 F
B) $1,840 A
C) $1,340 A
D) $1,590 A
E) $1,740 A

2. A medium-sized manufacturing company, which operates in the electronics industry, has employed a firm of consultants to carry out a review of the company's planning and control systems. The company presently uses a traditional incremental budgeting system and the inventory management system is based on economic order quantities (EOQ) and reorder levels. The company's normal production patterns have changed significantly over the previous few years as a result of increasing demand for customized products. This has resulted in shorter production runs and difficulties with production and resource planning. The consultants have recommended the implementation of activity based budgeting and a manufacturing resource planning system to improve planning and resource management.
What are the benefits for the company that could occur following the introduction of an activity based budgeting system?
Select ALL the correct answers.

A) The approach under an Activity based Budgeting System is to make arbitrary cuts in order to meet overall financial targets.
B) Activity Based Budgeting Systems present costs under functional headings i.e. the emphasis is on the nature of the cost. The weakness if this approach is that it gives little indication of the link between the level of activity and the cost incurred.
C) Under an activity based budgeting system, resource allocation is linked to the strategic plan and is prepared after considering alternative strategies. This approach ensures that new activities that are required to meet the company's strategic objectives are included in the budget.
D) Activity based techniques including activity based budgeting focus on the outputs of a process rather than the input to the process. This approach provides a clear framework for understanding the link between costs and the level of activity. It allows the ranking of activities and the determination of how limited resources should be allocated across competing activities.
E) Under a traditional incremental budgeting system the focus is on existing resources and operations.
Adjustments are then made for changes in activity and price which results in past inefficiencies being perpetuated. Under an activity based budgeting system, only resources that are needed to perform activities required to meet the budgeted production and sales volumes are included.

3. GH manufactures a product using skilled labour and high quality materials. The company operates a standard costing system and a just-in-time (JIT) purchasing and production system. The standard selling price and variable costs for one unit of the product are as follows:


Calculate the following variances for October, taking account of the more detailed information regarding the labour mix:
(i) The total labour efficiency variance
(ii) The total labour mix variance
(iii) The total labour yield variance
Select the correct statements.

A) Labour mix variance: $ 75 000 F
B) Labour efficiency variance: $ 78 000 F
C) Labour efficiency variance: $ 78 000 A
D) Labour yield variance: $ 144 000 A
E) Labour mix variance: $ 66 000 F
F) Labour efficiency variance: $ 98 000 A
G) Labour efficiency variance: $ 88 000 F
H) Labour mix variance: $ 63 000 A

4. QR uses an activity based budgeting (ABB) system to budget product costs. It manufactures two products, product Q and product R. The budget details for these two products for the forthcoming period are as follows:

The total budgeted cost of setting up the machines is $74,400.
Select TWO potential benefits of using an activity based budgeting system.

A) Activity based budgeting provides a clear framework for understanding the link between turnover and the level of activity.
B) Activity based budgeting allows the identification of value added and non-value added activity and ensures that any budget cuts are made to non-value added activities.
C) Activity based budgeting is useful for the review of quality systems utilization.
D) Activity based budgeting allows the ranking of activities and the determination of how limited resources should be allocated across competing activities.

5. A company produces three products D, E and F. The statement below shows the selling price and product costs per unit for each product, based on a traditional absorption costing system.

Each of the products is produced using Process A which has a maximum capacity of 2,500 hours per period.
If a traditional contribution approach is used, the ranking of products, in order of priority, for the profit maximizing product mix will be:

A) E, D, F
B) D, E, F
C) D, E, F
D) F, D, F

Solutions: