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Free CIMA CIMAPRO19-P01-1-ENG Exam Questions

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  • CIMA CIMAPRO19-P01-1-ENG Exam Questions
  • Provided By: CIMA
  • Exam: P1 Management Accounting
  • Certification: CIMA Professional Qualification
  • Total Questions: 261
  • Updated On: Apr 09, 2025
  • Rated: 4.9 |
  • Online Users: 522
Page No. 1 of 53
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  • Question 1
    • D3 makes 2 types of toilets - the Executive (Ex) and the Classic (CI). Direct labour costs $6 per hr and overheads are absorbed on a machine hour basis. The overhead absorption rate for the period is $28 per machine hour. What is the traditional cost per unit for (Ex) and (CI)?

      79

      Answer: C
  • Question 2
    • A university is trying to decide whether or not to advertise a new post-graduate degree programme. The number of students starting the programme is dependent on economic conditions. If conditions are poor, it is expected that the programme will attract 40 students without advertising. There is a 60% chance that economic conditions will be poor. If economic conditions are good it is expected that the programme will attract only 20 students without advertising. There is a 40% chance that economic conditions will be good.
      If the programme is advertised and economic conditions are poor, there is a 65% chance that the advertising will stimulate further demand and student numbers will increase to 50. If economic conditions are good, there is a 25% chance the advertising will stimulate further demand and numbers will increase to 25 students.
      The profit expected, before deducting the cost of advertising, at different levels of student numbers are as follows:
      73
      The cost of advertising the programme will be $15,000.
      Required:
      Demonstrate, using a decision tree, whether the programme should be advertised.

      Answer: A
  • Question 3
    • A company accountant is trying to determine the optimum production plan for the period using linear programming.
      The accountant has correctly formulated the linear programming problem as follows:
      Variables (products): x and y
      Objective function: Maximise contribution, C = 10x + 15y
      Material constraint: 4x + 6y 500 (kg)
      Labour constraint: x + 2y 350 (hours)
      Machine constraint: 10x + 4y 1,500 (hours)
      x constraint: 50 x 200
      y constraint: y 0
      Which of the following statements is true?

      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
    • A company is preparing its annual budget and is estimating the number of units of Product W 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:
      73
      Calculate the expected unit sales of Product W for each quarter of year 2, after adjusting for seasonal variations using the multiplicative model.

      Answer: A
PAGE: 1 - 53
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