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Free CIMA CIMAPRO19-P01-1-ENG Exam Questions

Absolute Free CIMAPRO19-P01-1-ENG Exam Practice for Comprehensive Preparation 

  • CIMA CIMAPRO19-P01-1-ENG Exam Questions
  • Provided By: CIMA
  • Exam: P1 Management Accounting
  • Certification: CIMA Professional Qualification
  • Total Questions: 261
  • Updated On: Nov 12, 2024
  • Rated: 4.9 |
  • Online Users: 522
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  • Question 1
    • D3 makes 2 types of toilets - the Executive (Ex) and the Classic (CI). Direct labour costs $6 per hr and overheads are absorbed on a machine hour basis. The overhead absorption rate for the period is $28 per machine hour. What is the traditional cost per unit for (Ex) and (CI)?

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      Answer: C
  • Question 2
    • Some of the movements in a time series follow a pattern over time.
      Which type of movement does NOT follow a pattern over time?

      Answer: C
  • Question 3
    • The labour requirement for a special contract is 250 skilled labour hours paid at $10 per hour and 750 semi-skilled labour hours paid at $8 per hour.
      At present, skilled labour is fully utilised on other contracts which generate a $12 contribution per hour, after charging labour costs. Additional skilled labour is unavailable in the short term.
      There is a surplus of 1,200 semi-skilled hours over the period of the contract but the firm has a policy of no redundancies.
      The relevant cost of labour for the special contract is:

      Answer: A
  • Question 4
    • Christian the management accountant at a car manufacturer has been given a list of costs that have been incurred due to accidents and errors either occurring or being prevented.
      Which of the following are examples of non-conformance costs? Select ALL that apply.

      Answer: A,B,C
  • Question 5
    • A company has budgeted to produce 5,000 units of Product B per month. The opening and closing inventories of Product B for next month are budgeted to be 400 units and 900 units respectively. The budgeted selling price and variable production costs per unit for Product B are as follows:
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      Total budgeted fixed production overheads are $29,500 per month. The company absorbs fixed production overheads on the basis of the budgeted number of units produced. The budgeted profit for Product B for next month, using absorption costing, is $20,700.
      Prepare a marginal costing statement which shows the budgeted profit for Product B for next month.
      What was the difference between the profit calculation using marginal costing and the profit calculation using absorption costing?

      Answer: C
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