CIMA CIMAPRO15-P01-X1-ENG - P1 - Management Accounting Question Tutorial

CIMA CIMAPRO15-P01-X1-ENG Actual PDF
  • Exam Code: CIMAPRO15-P01-X1-ENG
  • Exam Name: P1 - Management Accounting Question Tutorial
  • Updated: May 27, 2026
  • Q & A: 67 Questions and Answers
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CIMA P1 - Management Accounting Question Tutorial Sample Questions:

1. THS produces two products from different combinations of the same resources. Details of the products are shown below:

Identify, using graphical linear programming, the optimal production plan for products E and R to maximize THS's profit in the month.

A) The solution (from the graph0 is to produce 495 units of E and 470 units of R.
B) The solution (from the graph0 is to produce 375 units of E and 750 units of R.
C) The solution (from the graph0 is to produce 495 units of E and 670 units of R.
D) The solution (from the graph0 is to produce 475 units of E and 770 units of R.
E) The solution (from the graph0 is to produce 375 units of E and 870 units of R.
F) The solution (from the graph0 is to produce 675 units of E and 470 units of R.


2. A company produces a product that requires two materials, Material A and Material B. Details of the material quantities and costs for August are given in the table below.

Budgeted and actual output of the product for August was 12,000 units.
The material mix variance for August is:

A) $ 1, 540 Adverse
B) $ 1, 540 Favourable
C) $ 1, 288 Favourable
D) $ 1, 540 Adverse


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


4. 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 the current basis for charging the costs of support activities to procedures.
What was the profit for the knee procedure?

A) $1390
B) $1210
C) $1485
D) $1510


5. A company uses an activity based costing system. The company manufactures three products, details of which are given below:

A) $0.27
B) $0.35
C) $0.23
D) $0.31


Solutions:

Question # 1
Answer: B
Question # 2
Answer: B
Question # 3
Answer: B
Question # 4
Answer: B
Question # 5
Answer: A

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