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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: May 22, 2026
  • Rated: 4.9 |
  • Online Users: 522
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  • Question 1
    • A company is preparing its annual budget and is estimating the number of units of Product A that it will sell in each quarter of year 2. Past experience has shown that the trend for sales of the product is represented by the following relationship:
      y = a + bx where
      y = number of sales units in the quarter a = 10,000 units b = 3,000 units x = the quarter number where 1 = quarter 1 of year 1
      Actual sales of Product A in Year 1 were affected by seasonal variations and were as follows:
      Quarter 1:14,000 units Quarter2: 18,000 units Quarter 3: 18,000 units Quarter 4: 20,000 units
      Calculate the expected sales of Product A (in units) for each quarter of year 2, after adjusting for seasonal variations using the additive model.

      Answer: B
  • Question 2
    • 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 3
    • 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.

      30

      Using the maximin criterion, which service will the manager provide?

      Answer: D
  • Question 4
    • Information about a company's only two products is as follows:

      69

      The revenue from the products must be in the constant mix of 2U:3V. Budgeted monthly sales revenue is $110,000.
      Fixed costs are $23,095 each month.
      To the nearest $10, what is the budgeted monthly margin of safety in terms of sales revenue?

      Answer: A
  • Question 5
    • Which TWO of the following statements are true for obtaining a reliable forecast from a time series?

      Answer: B,C
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