CIMA CIMAPRO15-P01-X1-ENG Actual Tests : P1 - Management Accounting Question Tutorial

Strong guarantee to pass CIMAPRO15-P01-X1-ENG test

We provide the customers with CIMAPRO15-P01-X1-ENG actual test latest version, the realest study materials. With the best price of CIMAPRO15-P01-X1-ENG, we also promise the high quality and 98%-100% passing rate for CIMA CIMAPRO15-P01-X1-ENG. There are the freshest learning information, faster update with test center's change and more warm online service. If you have some questions, welcome to have conversations with our online service persons. Or you could send CIMAPRO15-P01-X1-ENG test questions to our after-sale email, to contact us via email. In general case, we will reply the customers' letter in 2 hours or quicker.

We've set full refund policy for our customers to reduce their risk of exam failure. You could get your full materials cost if you fail the CIMAPRO15-P01-X1-ENG test use our exam practice material. That means our practice material don't influence your purchase cost for exam practice material. Most people will pass CIMA CIMAPRO15-P01-X1-ENG actual test with right practice. You will be more secure with full refund policy. With the full refund guarantee, you could also enjoy the free latest update in 1 year. After you buy CIMAPRO15-P01-X1-ENG test practice material from us, you will get the latest update version freely in your email for 1 year.

High passing rate of P1 - Management Accounting Question Tutorial CIMAPRO15-P01-X1-ENG

With IT master team, our all test practice material are finished with high quality. Actual4test's CIMAPRO15-P01-X1-ENG actual tests are designed for IT examinees, including students, certified master, IT job persons and more. It's especially for people who want and need to pass the CIMAPRO15-P01-X1-ENG exam in a short time with short-term study on it. Most of the candidates choose our P1 - Management Accounting Question Tutorial study materials to clear CIMAPRO15-P01-X1-ENG just for one time. The practice tests provide by us contain many actual questions and answers, after 20-30 hours' study on it, you are sure to pass it. And most people have passed their exams with high 98%-100% passing rate training online.

CIMAPRO15-P01-X1-ENG actual test free demo download

We are providing CIMAPRO15-P01-X1-ENG free demo for customers before they decide to buy our practice material. Free demos are so critical that it can see the CIMAPRO15-P01-X1-ENG practice material' direct quality. Before your purchase, you can freely download the CIMAPRO15-P01-X1-ENG actual test free demo. There are part P1 - Management Accounting Question Tutorial exam questions and answers, not having all the questions.

You could also leave your email address to subscribe CIMAPRO15-P01-X1-ENG practice material demo, it is very fast for you to get it. Another the practice material' feature is that the delivery time is very short. It's about several seconds to minutes, at latest 2 hours. When you pay successfully of for the CIMAPRO15-P01-X1-ENG practice test, you will receive our emails containing test practice material in several seconds to minutes. Using our CIMAPRO15-P01-X1-ENG test online, you will enjoy more warm and convenient online service.

After purchase, Instant Download: Upon successful payment, Our systems will automatically send the product you have purchased to your mailbox by email. (If not received within 12 hours, please contact us. Note: don't forget to check your spam.)

CIMA CIMAPRO15-P01-X1-ENG Exam Syllabus Topics:

CIMA P1 - Management Accounting Question Tutorial Sample Questions:

1. 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:

Calculate the expected unit sales of Product W for each quarter of year 2, after adjusting for seasonal variations using the multiplicative model.

A) The sales forecast for year 2 Quarter 4 = 22,600 units
B) The sales forecast for year 2 Quarter 4 = 25,100 units
C) The sales forecast for year 2 Quarter 4 = 35,100 units
D) The sales forecast for year 2 Quarter 4 = 38,100 units

2. A company's budget for the next period shows that it would breakeven at sales revenue of $800,000 and fixed costs of $320,000.
The sales revenue needed to achieve a profit of $200,000 in the next period would be:

A) $1,390,000
B) $1,780,000
C) $1,300,000
D) $1,950,000
E) $1,400,000

3. QR uses an activity based budgeting (ABB) system to budget product costs. It manufactures two products, product Q and product R. The budget details for these two products for the forthcoming period are as follows:

The total budgeted cost of setting up the machines is $74,400.
What was the budgeted machine set up cost per unit of product Q?

A) $0.39 per unit
B) $0.56 per unit
C) $0.48 per unit
D) $0.37 per unit

4. A medium-sized manufacturing company, which operates in the electronics industry, has employed a firm of consultants to carry out a review of the company's planning and control systems. The company presently uses a traditional incremental budgeting system and the inventory management system is based on economic order quantities (EOQ) and reorder levels. The company's normal production patterns have changed significantly over the previous few years as a result of increasing demand for customized products. This has resulted in shorter production runs and difficulties with production and resource planning. The consultants have recommended the implementation of activity based budgeting and a manufacturing resource planning system to improve planning and resource management.
What are the benefits for the company that could occur following the introduction of an activity based budgeting system?
Select ALL the correct answers.

A) Under an activity based budgeting system, resource allocation is linked to the strategic plan and is prepared after considering alternative strategies. This approach ensures that new activities that are required to meet the company's strategic objectives are included in the budget.
B) Activity Based Budgeting Systems present costs under functional headings i.e. the emphasis is on the nature of the cost. The weakness if this approach is that it gives little indication of the link between the level of activity and the cost incurred.
C) Under a traditional incremental budgeting system the focus is on existing resources and operations.
Adjustments are then made for changes in activity and price which results in past inefficiencies being perpetuated. Under an activity based budgeting system, only resources that are needed to perform activities required to meet the budgeted production and sales volumes are included.
D) Activity based techniques including activity based budgeting focus on the outputs of a process rather than the input to the process. This approach provides a clear framework for understanding the link between costs and the level of activity. It allows the ranking of activities and the determination of how limited resources should be allocated across competing activities.
E) The approach under an Activity based Budgeting System is to make arbitrary cuts in order to meet overall financial targets.

5. A company has budgeted to produce 5,000 units of Product B per month. The opening and closing inventories of Product B for next month are budgeted to be 400 units and 900 units respectively. The budgeted selling price and variable production costs per unit for Product B are as follows:

Total budgeted fixed production overheads are $29,500 per month. The company absorbs fixed production overheads on the basis of the budgeted number of units produced. The budgeted profit for Product B for next month, using absorption costing, is $20,700.
Prepare a marginal costing statement which shows the budgeted profit for Product B for next month.
What was the difference between the profit calculation using marginal costing and the profit calculation using absorption costing?

A) $2870
B) $3010
C) $2750
D) $2950
E) $3610

Solutions: