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: Jan 26, 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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When considering a capital investment, relevant costs for decision making have which THREE of the following features?
Answer: A,C
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When considering a capital investment, relevant costs for decision making have which THREE of the following features?
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Question 2
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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 3
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GHY has two subsidiaries. GHY-Motor manufactures car engines and GHY-Build designs and assembles cars. In the car industry it is common for manufacturers to buy parts, including engines, from other manufacturers.
GHY has granted GHY-Motor and GHY-Build full autonomy. GHY-Build is considering using an engine from another company for a new model that it is designing. GYY-Motor has a suitable engine, but it charges more than GHY-Build's preferred supplier.
Which of the following statements is correct? Select ALL that apply.
Answer: A,B,C
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GHY has two subsidiaries. GHY-Motor manufactures car engines and GHY-Build designs and assembles cars. In the car industry it is common for manufacturers to buy parts, including engines, from other manufacturers.
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Question 4
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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?
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Question 5
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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?