cima p1 exam questions
TRANSCRIPT
Pass CIMA P1 - Management Accounting exam in just
24 HOURS!
100% REAL EXAM QUESTIONS ANSWERS
CIMA P1 - Management Accounting Buy Complete Questions Answers File from
http://www.certs4you.com/cima/p1-dumps.html
100% Exam Passing Guarantee & Money Back Assurance
Sample Questions
Question No 1:
N prepares budgets on an annual basis by using the budget from the previous year, and then
adjusting it for growth and inflation.
This is an example of:
A. An incremental budget
B. A rolling budget
C. A flexed budget
D. Zero based budgeting
Answer: A
Question No 2:
What type of budget is prepared on an annual basis taking current year operating results and
adjusting them for expected growth and inflation?
A. Rolling budget
B. Incremental budget
C. Flexed budget
D. Zero-based budget
Answer: B
Question No 3:
Which of the following would cause an adverse fixed overhead volume variance?
A. Actual output was higher than budgeted
B. Actual output was lower than budgeted
C. Actual expenditure was higher than budgeted
D. Actual expenditure was lower than budgeted
Answer: B
Question No 4:
Which one of the following would NOT be included in a decision to close a division of an
organization?
A. Head office overheads absorbed on the basis of the number of units produced
B. Sale of unwanted non-current assets
C. Redundancy pay for employees of the division
D. Fixed costs directly attributable to the division
Answer: A
Question No 5:
In short-term decision making, which TWO of the following are relevant costs?
A. Sunk costs
B. Avoidable costs
C. Committed costs
D. Opportunity costs
E. Notional costs
Answer: B, D
Question No 6:
A company manufactures a single product. The cost card for a unit of this product is as
follows: During month 6, finished goods inventory increased by 350 units.
By how much would the profit differ in month 6 if finished goods inventory was valued at
standard marginal cost rather than standard absorption cost?
A. $1,050 lower
B. $1,050 higher
C. $2,450 lower
D. $2,450 higher
Answer: A
Question No 7:
A manufacturing company uses activity-based costing to charge overheads to its three
products. One of the main activities is quality inspection. The cost driver is the number of
inspections and the budgeted cost is $211,200.
Additional budgeted data.
What is the budgeted quality inspection cost for a unit of product F?
A. $6.60 B. $3.30 C. $9.60 D. $4.80
Answer: A
Question No 8:
Which of the statements about allocation of joint costs to products are true and which are
false?
Answer
Question No 9:
State whether the following costs are relevant or non-relevant in the context of short-term
decision making scenarios.
Answer:
Buy Complete Questions Answers File from
100% Exam Passing Guarantee & Money Back Assurance
PDF Version + Test Engine Software Version
90 Days Free Updates Service
Valid for All Countries
http://www.certs4you.com/cima/p1-dumps.html