One-year free update available

As more P1 - Management Accounting Question Tutorial free study demo come into appearance, some products charge for extra update or service. However, our constant renewed questions, which have inevitably injected exuberant vitality to P1 - Management Accounting Question Tutorial exam study materials, are well received by the general clients. The key point of our attractive exam study material is that we provide one-year free update and service for every customer. You have no need to spend extra money updating your P1 - Management Accounting Question Tutorial exam study materials; we will ensure your one-year free update.

As is well-known to all, P1 - Management Accounting Question Tutorial exam has been one of the most important examinations in the whole industry. We may foresee the prosperous talent market with more and more workers attempting to reach a high level through the CIMA Certification certification. As a worldwide certification leader, our company continues to develop the best P1 - Management Accounting Question Tutorial training pdf material that is beyond imagination. Under the support of our tech-product training material, we will provide best high-quality P1 - Management Accounting Question Tutorial exam prep practice and the most reliable service for our candidates. To deliver on the commitments that we have made for the majority of candidates, we prioritize the research and development of our P1 - Management Accounting Question Tutorial exam prep pdf, establishing action plans with clear goals of helping them get the CIMA Certification certificate.

Professional team with specialized experts

We constantly accelerate the development of our R & D as well as our production capabilities with super capacity, advanced technology, flexibility as well as efficiency. Our P1 - Management Accounting Question Tutorial exam prep pdf has organized a team to research and study question patterns pointing towards varieties of learners. We keep pace with contemporary talent development and makes every learners meet in requirements of the society. Passing the CIMA Certification P1 - Management Accounting Question Tutorial exam is not only for obtaining a paper certification, but also for a proof of your ability. Most of the candidates regard it as a threshold in finding a satisfying job. Our professional experts will spare no effort to help you go through all difficulties. They attach importance to checking our P1 - Management Accounting Question Tutorial exam study material so that we can send you the latest P1 - Management Accounting Question Tutorial valid training pdf. With updated version to match real exam scenarios, you can learn more professional knowledge to deal with the test.

No help, Full refund!

We look to build up R & D capacity by modernizing innovation mechanisms and fostering a strong pool of professionals. In addition, our CIMA Certification P1 - Management Accounting Question Tutorial exam study material keeps pace with the actual test, which means that you can have an experience of the simulation of the real exam. If you fail in the P1 - Management Accounting Question Tutorial exam, we promise to give you a full refund with normal procedures; or you can freely change for another exam test. All in all, we are responsible for choosing our P1 - Management Accounting Question Tutorial exam study material as your tool of passing exam.

It's the whole-hearted cooperation between you and I that helps us doing better. We have been engaged in specializing CIMA P1 - Management Accounting Question Tutorial exam prep pdf for almost a decade and still have a long way to go. No matter what difficult problem we may face up, we shall do our best to live up to your choice and expectation for P1 - Management Accounting Question Tutorial exam practice questions.

Instant Download CIMAPRO15-P01-X1-ENG Braindumps: Our system will send you the TestPDF CIMAPRO15-P01-X1-ENG braindumps file you purchase in mailbox in a minute after payment. (If not received within 12 hours, please contact us. Note: don't forget to check your spam.)

CIMA P1 - Management Accounting Question Tutorial Sample Questions:

1. 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) $2305
B) $1808
C) $2466
D) $781

2. A company uses a standard costing system.
The company's sales budget for the latest period includes 1,500 units of a product with a selling price of $400 per unit.
The product has a budgeted contribution to sales ratio of 30%.
Actual sales for the period were 1,630 units at a selling price of $390 per unit.
The actual contribution to sales ratio was 28%.
The sales volume contribution variance for the product for the latest period is:

A) $15, 600 F
B) $32, 900 F
C) $17, 800 F
D) $55, 600 F

3. 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) $3610
B) $2750
C) $2870
D) $2950
E) $3010

4. JRL manufactures two products from different combinations of the same resources. Unit selling prices and unit cost details for each product are as follows:

Identify, using graphical linear programming, the weekly production schedule for products J and L that will maximize the profits of JRL during the next four weeks.

A) The solution from the graph is to produce 317 units of J and 270 units of L. (A simplex solution shows the true optimum to be 316.666 units of J and 269.666 units of L.)
B) The solution from the graph is to produce 312 units of J and 295 units of L. (A simplex solution shows the true optimum to be 312.333 units of J and 294.999 units of L.)
C) The solution from the graph is to produce 315 units of J and 290 units of L. (A simplex solution shows the true optimum to be 316.333 units of J and 293.333 units of L.)
D) The solution from the graph is to produce 310 units of J and 280 units of L. (A simplex solution shows the true optimum to be 308.333 units of J and 283.333 units of L.)
E) The solution from the graph is to produce 330 units of J and 280 units of L. (A simplex solution shows the true optimum to be 332.333 units of J and 283.333 units of L.)
F) The solution from the graph is to produce 330 units of J and 290 units of L. (A simplex solution shows the true optimum to be 332.333 units of J and 293.333 units of L.)

5. 'A zero-based budgeting system involves establishing decision packages that are then ranked in order of their relative importance in meeting the organization's objectives'.
Which of the following is true regarding he difficulties that a not-for-profit organization may experience when trying to rank decision packages.
Select ALL true statements.

A) Some of these packages will be mutually inclusive and will require management to select the best solution to the issue involved.
B) Each decision package is evaluated. Its costs are compared to its benefits and net present values or other measures calculated.
C) In a public sector body, for example, decision packages will relate profit making activities.
D) Management may decide to reject packages even though the activity was done last year. In this way the organization is said to be starting from a zero base with each package given due consideration.
E) Some of these packages will be inclusive and will require operations to select the best solution to the issue involved.
F) The activities that are being proposed in a budget are described in variable packages. There will often be more less than one decision package proposed for an activity.
G) In a public sector body, for example, decision packages will relate to very disparate activities.
H) Management may decide to accept packages even though the activity was done last year. In this way the organization is said to be starting from a 100% cost base with each package given due consideration.
I) The activities that are being proposed in a budget are described in decision packages. There will often be more than one decision package proposed for an activity.

Solutions: