Free CIMA CIMAPRA19-P02-1-ENG Exam Questions
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CIMA CIMAPRA19-P02-1-ENG Exam Questions
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Provided By: CIMA
- Exam: P2 Advanced Management Accounting (Online)
- Certification: CIMA Professional Qualification
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Total Questions: 205
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Updated On: Mar 13, 2025
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Rated: 4.9 |
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Online Users: 410
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Question 1
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A company is investing $150,000 in a project which will yield an annual cash inflow of $40,000 for eight years. The company's cost of capital is 10%.
To the nearest $100, what is the project's equivalent annual net present value?
Answer: A
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A company is investing $150,000 in a project which will yield an annual cash inflow of $40,000 for eight years. The company's cost of capital is 10%.
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Question 2
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A manufacturing company has recently introduced a Total Quality Management (TQM) system. The company has invested heavily in the education and training of its staff, in addition to implementing new product design engineering. There is a plan to sample units from each batch of products manufactured to test for errors, although this has not yet been implemented due to budget constraints.
The company is experiencing high levels of customer complaints, with many faulty units being returned by the customer for refund or replacement. Sales revenue has fallen recently, mainly due to negative press coverage linked to dissatisfied customers.
Select the statement MOST likely to apply.
Answer: C
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A manufacturing company has recently introduced a Total Quality Management (TQM) system. The company has invested heavily in the education and training of its staff, in addition to implementing new product design engineering. There is a plan to sample units from each batch of products manufactured to test for errors, although this has not yet been implemented due to budget constraints.
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Question 3
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An organization has a decentralized structure in which division A supplies division B with an intermediate product for which there is no external market. Division B carries out further processing and then sells the final product on the external market. Due to organizational policy the current transfer pricing basis is variable cost.
The manager of division A has stated, 'The current transfer price is unfair because it does not enable us to recoup our costs'.
The manager of division B has stated, 'The current transfer pricing system enables us to quote competitive prices for the finished product'.
The Chief Executive of the organization is considering imposing a transfer pricing policy that uses dual pricing.
Dual pricing would:
Answer: B
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An organization has a decentralized structure in which division A supplies division B with an intermediate product for which there is no external market. Division B carries out further processing and then sells the final product on the external market. Due to organizational policy the current transfer pricing basis is variable cost.
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Question 4
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Which TWO of the following expressions are correct?
Answer: A,B
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Which TWO of the following expressions are correct?
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Question 5
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A company is classifying its quality costs to prepare a quality cost report. Which of the following are conformance costs?
Select ALL that apply.
Answer: C,D
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A company is classifying its quality costs to prepare a quality cost report. Which of the following are conformance costs?