Free CIMA CIMAPRO19-P01-1-ENG Exam Questions
Absolute Free CIMAPRO19-P01-1-ENG Exam Practice for Comprehensive Preparation
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Question 1
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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?
Answer: C
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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:
- Question 2
- Question 3
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Question 4
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A manager is deciding which one of four services to provide next period.The contribution earned by each service will depend on the weather conditions as follows.
Using the maximin criterion, which service will the manager provide?
Answer: D
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A manager is deciding which one of four services to provide next period.
- Question 5
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