Reasonable price

In the matter of quality, our CIMAPRO15-P01-X1-ENG practice engine is unsustainable with reasonable prices. Despite costs are constantly on the rise these years from all lines of industry, our CIMAPRO15-P01-X1-ENG learning materials remain low level. That is because our company beholds customer-oriented tenets that guide our everyday work. The achievements of wealth or prestige is no important than your exciting feedback about efficiency and profession of our CIMAPRO15-P01-X1-ENG practice engine. So our practice materials are great materials you should be proud of and we are!

Professional team

By gathering, analyzing, filing essential contents into our CIMAPRO15-P01-X1-ENG training quiz, they have helped more than 98 percent of exam candidates pass the exam effortlessly and efficiently. You can find all messages you want to learn related with the exam in our CIMAPRO15-P01-X1-ENG practice engine. Any changes taking place in the environment and forecasting in the next exam will be compiled earlier by them. About necessary or difficult questions, they left relevant information for you.

Positive influence

The result of your exam is directly related with the CIMAPRO15-P01-X1-ENG learning materials you choose. So our company is of particular concern to your exam review. Getting the certificate of the exam is just a start. Our practice materials may bring far-reaching influence for you. Any demands about this kind of exam of you can be satisfied by our CIMAPRO15-P01-X1-ENG training quiz. So our practice materials are of positive interest to your future. Such a small investment but a huge success, why are you still hesitating?

Higher chance

Passing the exam with least time while achieving aims effortlessly is like a huge dream for some exam candidates. Actually, it is possible with our proper CIMAPRO15-P01-X1-ENG learning materials. To discern what ways are favorable for you to practice and what is essential for exam syllabus, our experts made great contributions to them. All CIMAPRO15-P01-X1-ENG practice engine is highly interrelated with the exam. You will figure out this is great opportunity for you.

Bountiful content

Passing the exam rests squarely on the knowledge of exam questions and exam skills. Our CIMAPRO15-P01-X1-ENG training quiz has bountiful content that can fulfill your aims at the same time. We know high efficient practice materials play crucial roles in your review. Our experts also collect with the newest contents and have been researching where the exam trend is heading and what it really want to examine you. By analyzing the syllabus and new trend, our CIMAPRO15-P01-X1-ENG practice engine is totally in line with this exam for your reference. So grapple with this chance, our practice materials will not let you down.

All praise and high values lead us to higher standard of CIMAPRO15-P01-X1-ENG practice engine. So our work ethic is strongly emphasized on your interests which profess high regard for interests of exam candidates. Our practice materials capture the essence of professional knowledge and lead you to desirable results effortlessly. So let us continue with our reference to advantages of our CIMAPRO15-P01-X1-ENG learning materials.

DOWNLOAD DEMO

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

CIMA P1 - Management Accounting Question Tutorial Sample Questions:

Question 1

XY can choose from four mutually exclusive projects. The projects will each last for one year and their net cash inflows will be determined by market conditions. The forecast net cash inflows for each of the possible outcomes are shown below.

If the company applies the maximax criterion the project chosen would be:

A. Project B
B. Project A
C. Project D
D. Project C

Question 2

A healthcare company specializes in hip, knee and shoulder replacement operations, known as surgical procedures. As well as providing these surgical procedures the company offers pre operation and post operation in-patient care, in a fully equipped hospital, for those patients who will be undergoing the surgical procedures.
Surgeons are paid a fixed fee for each surgical procedure they perform and an additional amount for any follow-up consultations. Post procedure follow-up consultations are only undertaken if there are any complications in relation to the surgical procedure. There is no additional fee charged to patients for any follow up consultations. All other staff are paid annual salaries.
The company's existing costing system uses a single overhead rate, based on revenue, to charge the costs of support activities to the procedures. Concern has been raised about the inaccuracy of procedure costs and the company's accountant has initiated a project to implement an activity-based costing (ABC) system. The project team has collected the following data on each of the procedures.

Calculate the profit per procedure for each of the three procedures using activity-based costing.
What was the profit for the knee procedure, using ABC costing?

A. $1808
B. $2305
C. $781
D. $2466

Question 3

A company sells and services photocopying machines. Its sales department sells the machines and consumables, including ink and paper, and its service department provides an after sales service to its customers. The after sales service includes planned maintenance of the machine and repairs in the event of a machine breakdown. Service department customers are charged an amount per copy that differs depending on the size of the machine.
The company's existing costing system uses a single overhead rate, based on total sales revenue from copy charges, to charge the cost of the Service Department's support activities to each size of machine. The Service Manager has suggested that the copy charge should more accurately reflect the costs involved. The company's accountant has decided to implement an activity-based costing system and has obtained the following information about the support activities of the service department:

Calculate the annual profit per machine for each of the three sizes of machine using activity-based costing.

A. Profit Per Machine using ABC: Small $376, Medium $2341, Large $986
B. Profit Per Machine using ABC: Small $1076, Medium $1041, Large $1946
C. Profit Per Machine using ABC: Small $176, Medium $1341, Large $946
D. Profit Per Machine using ABC: Small $186, Medium $1441, Large $2046
E. Profit Per Machine using ABC: Small $196, Medium $1191, Large $1046
F. Profit Per Machine using ABC: Small $166, Medium $1241, Large $746

Question 4

Explain the advantages of management participation in budget setting and the potential problems that may arise in the use of the resulting budget as a control mechanism.
Select all the correct answers.

A. The participation of managers in the budget setting process has several advantages. Managers are more likely to be motivated to achieve the target if they have participated in setting process has several advantages. managers are more likely to be motivated to achieve the target if they have participated in setting the target.
B. A purposes of budgeting is to act as a control mechanism, with actual results being compared against budget.
C. Another purpose of a budget is to set targets to motivate managers and optimize their performance.
D. Participation in budget setting can cause problems; in particular, managers may attempt to negotiate budgets that they feel are easy to achieve which gives rise to "budget padding" or budgetary slack.
E. Managers will not 'empire build' because they don't believe that the size of their budget reflects their importance within the organization.
F. Participation in budget setting can reduce the information asymmetry gap that can arise when targets are imposed by senior management. Imposed targets are likely to make managers feel demotivated and alienated and result in poor performance.

Question 5

TP makes wedding cakes that are sold to specialist retail outlets which decorate the cakes according to the customers' specific requirements. The standard cost per unit of its most popular cake is as follows:

The general market prices at the time of purchase for Ingredient A and Ingredient B were $23 per kg and $20 per kg respectively. TP operates a JIT purchasing system for ingredients and a JIT production system; therefore, there was no inventory during the period.
What was the material price planning variance for ingredient B?

A. The material price planning variance - Ingredient B was $64 000 F
B. The material price planning variance - Ingredient B was $54 000 F
C. The material price planning variance - Ingredient B was $59 000 F
D. The material price planning variance - Ingredient B was $57 000 F

Solutions: