Free Demo
The most effective and smartest way to pass test
Comparing to attend classes in the training institutions, valid CIMAPRO15-P01-X1-ENG dumps torrent will not only save your time and money, but also ensure you pass CIMAPRO15-P01-X1-ENG prep4sure test with high score. Once you select our CIMAPRO15-P01-X1-ENG pdf vce as your study materials, you just need to spend one or two days to practice CIMAPRO15-P01-X1-ENG dumps pdf and remember answers, passing real exam is 100% guaranteed.
We are a worldwide professional dumps leader to provide a targeted training for CIMA prep4sure test, which can not only make your expertise to get promoted, but also help you pass real exam with CIMAPRO15-P01-X1-ENG latest dumps at your first attempt. The CIMA Certification prep4sure braindumps of our website are developed by our IT experts using their experience and knowledge in the CIMAPRO15-P01-X1-ENG dumps torrent. You will find everything you need to overcome the difficulty of CIMAPRO15-P01-X1-ENG prep4sure vce, once you select our valid CIMAPRO15-P01-X1-ENG dumps torrent as your study materials, you will not only pass P1 - Management Accounting Question Tutorial prep4sure test easily and consolidate your expertise, but also have access to the one-year free update CIMAPRO15-P01-X1-ENG dumps pdf service.
Our expert team has developed the best training materials about CIMAPRO15-P01-X1-ENG prep4sure test by their experience and knowledge of CIMAPRO15-P01-X1-ENG dumps torrent in past years. According to the feedback, our CIMA CIMAPRO15-P01-X1-ENG prep4sure vce enjoys great popularity among candidates. And the simulation test and the answers of our CIMAPRO15-P01-X1-ENG latest dumps have almost 90% similarity to the questions of actual test. There are free demos of CIMAPRO15-P01-X1-ENG pdf vce in our website that you are really worth having a try. If you choose our CIMAPRO15-P01-X1-ENG prep4sure braindumps as your study guide, you will pass actual test with 100% guaranteed.
One-year free update CIMAPRO15-P01-X1-ENG dumps pdf
You will be allowed to free update your CIMAPRO15-P01-X1-ENG prep4sure braindumps one-year after you purchased. We always check the updating of dumps, once there are latest version released, we will send the CIMAPRO15-P01-X1-ENG latest dumps to your email immediately. You just need to check your mailbox.
Our CIMAPRO15-P01-X1-ENG latest dumps cover 89% real questions
You can download the free demo of CIMAPRO15-P01-X1-ENG prep4sure vce to learn about our products before you decide to buy. All our questions and answers of CIMAPRO15-P01-X1-ENG dumps pdf are written by our IT experts based on the real questions. Besides, we constantly keep the updating of CIMAPRO15-P01-X1-ENG dumps torrent to ensure the accuracy of questions. So please rest assured the pass rate of our CIMAPRO15-P01-X1-ENG pdf vce.
No Help, Full Refund
If you failed the exam with our CIMAPRO15-P01-X1-ENG dumps pdf, we promise you to full refund. You need to email your score report to us and we will refund you after confirmation. Also you can choose to wait the updating of CIMAPRO15-P01-X1-ENG prep4sure vce or free change to other dumps if you have other test. Anyway, please feel free to contact us if you have any questions.
After purchase, Instant Download CIMAPRO15-P01-X1-ENG Dumps: Upon successful payment, Our systems will automatically send the product you have purchased to your mailbox by email. (If not received within 12 hours, please contact us. Note: don't forget to check your spam.)
CIMA CIMAPRO15-P01-X1-ENG Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Cost Accounting for Decision and Control | 30% | - Absorption and marginal costing - Activity-based costing (ABC) - Costing concepts and terminology - Standard costing and variance analysis - Throughput, target and lifecycle costing |
| Topic 2: Dealing with Uncertainty in the Short Term | 15% | - Risk and uncertainty concepts - Decision trees and decision criteria - Expected value and probability analysis - Sensitivity and scenario analysis |
| Topic 3: Budgeting and Budgetary Control | 25% | - Purpose and types of budgets - Beyond budgeting and modern approaches - Budget preparation techniques - Flexible budgets and budget variances |
| Topic 4: Short-Term Commercial Decision Making | 30% | - Make-or-buy and outsourcing decisions - Pricing decisions - Relevant costing principles - Limiting factor decisions - Cost-volume-profit analysis |
CIMA P1 - Management Accounting Question Tutorial Sample Questions:
1. LM operates a parcel delivery service. Last year its employees delivered 15,120 parcels and travelled 120,960 kilometers. Total costs were $194,400.
LM has estimated that 70% of its total costs are variable with activity and that 60% of these costs vary with the number of parcels and the remainder vary with the distance travelled.
LM is preparing its budget for the forthcoming year using an incremental budgeting approach and has produced the following estimates:
* All costs will be 3% higher than the previous year due to inflation
* Efficiency will remain unchanged
* A total of 18,360 parcels will be delivered and 128,800 kilometers will be travelled.
Calculate the following costs to be included in the forthcoming year's budget:
(i) the total variable costs related to the number of parcels delivered.
(ii) the total variable costs related to the distance travelled.
A) Parcel related cost for next year = $115,306; Distance related costs for next year = $31,590
B) Parcel related cost for next year = $112,118; Distance related costs for next year = $59,699
C) Parcel related cost for next year = $109,118; Distance related costs for next year = $89,699
D) Parcel related cost for next year = $112,308; Distance related costs for next year = $79,590
E) Parcel related cost for next year = $105,306; Distance related costs for next year = $30,590
2. 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:
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?
A) $2870
B) $2750
C) $3010
D) $2950
E) $3610
3. 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:
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 marginal costing profit for the next month?
A) $18 600
B) $18 750
C) $17 750
D) $17 890
4. 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 throughput accounting approach is used, the ranking of products, in order of priority, for the profit maximizing product mix will be:
A) D, F, E
B) D, E, F
C) E, D, F
D) F, D, E
5. RT produces two products from different quantities of the same resources using a just-in-time (JIT) production system. The selling price and resource requirements of each of the products are shown below:
Market research shows that the maximum demand for products R and T during June 2010 is 500 units and 800 units respectively. This does not include an order that RT has agreed with a commercial customer for the supply of 250 units of R and 350 units of T at selling prices of $100 and $135 per unit respectively. Although the customer will accept part of the order, failure by RT to deliver the order in full by the end of June will cause RT to incur a $10,000 financial penalty. At a recent meeting of the purchasing and production managers to discuss the production plans of RT for June, the following resource restrictions for June were identified:
Direct labour hours 7,500 hours
Material A 8,500 kgs
Material B 3,000 litres
Machine hours 7,500 hours
Assuming that RT completes the order with the commercial customer, prepare calculations to show, from a financial perspective, the optimum production plan for June 2010 and the contribution that would result from adopting this plan.
The optimum production plan will be:
A) Contract: R = 250, T = 360 and Market: R = 500 T = 700
B) Contract: R = 250, T = 360 and Market: R = 600 T = 710
C) Contract: R = 250, T = 360 and Market: R = 650 T = 710
D) Contract: R = 250, T = 360 and Market: R = 500 T = 710
E) Contract: R = 250, T = 360 and Market: R = 660 T = 720
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: D | Question # 3 Answer: C | Question # 4 Answer: D | Question # 5 Answer: A |
