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CIMA P1 Exam Dumps Questions and Answers

Exam Code: P1
Certification: CIMA Operational
Vendor: CIMA
Last Update: Dec 26, 2024
Questions: 260
10  Customers Passed CIMA P1
85%  Average Success In Real Exam
93%  Questions came word by word from this dump
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Management Accounting Questions and Answers

Questions 1

For a company that does not have any production resource limitations, what would be the correct sequence for budget preparation?

Options:

Questions 2

A company produces trays of pre-prepared meals that are sold to restaurants and food retailers. Three varieties of meals are sold: economy, premium and deluxe.

Calculate, for the original budget, the budgeted fixed overhead costs, the budgeted variable overhead cost per tray and the budgeted total overheads costs.

Options:

A.

Original budget contribution = $162 000, Flexed budget contribution = $ 178 200, Actual Contribution $ 201 960

B.

Original budget contribution = $172 000, Flexed budget contribution = $ 148 200, Actual Contribution $ 221 960

C.

Original budget contribution = $272 000, Flexed budget contribution = $ 248 200, Actual Contribution $ 321 960

D.

Original budget contribution = $242 000, Flexed budget contribution = $ 148 200, Actual Contribution $ 121 960

Questions 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:

Options:

A.

$ 5,500

B.

$ 3,000

C.

$ 8,500

D.

$ 11,500