Most Recent CIMAPRO19-P01-1 Exam Dumps

Prepare for the CIMA P1 Management Accounting exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the CIMAPRO19-P01-1 exam and achieve success.

The questions for CIMAPRO19-P01-1 were last updated on Feb 19, 2025.

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Question No. 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)?

A(Ex) 60, (CI) 56

B(Ex) 58, (CI) 53

C(Ex) 65, (CI) 49

D(Ex) 62, (CI) 52

E(Ex) 63, (CI) 48

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Correct Answer: C

Question No. 2

A small manufacturing company makes a single product. Direct labour costs and factory rent account for 80% and 15% of total cost respectively. Activity levels have not varied by more than 5% for a number of years and there is no evidence of operational inefficiency.

Which of the following is the most appropriate approach to budgeting for this company?

AIncremental budgeting

BZero based budgeting (ZBB)

CActivity based budgeting (ABB)

DRolling budgeting

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Correct Answer: A

Question No. 3

Reported profits using activity-based costing (ABC) may be different from reported profits using marginal costing because ABC:

Aignores variable costs.

Bincludes fixed costs within the cost of inventory.

Ctreats materials as the only truly variable cost.

Dleads to a different selling price.

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Correct Answer: B

Question No. 4

FGH used to manufacture components that required raw material Q.

Currently there are 80 kg of material Q in inventory.

The company has no use for the material in the foreseeable future and intends to sell it for scrap.

A potential new customer has asked for a price for a large order.

This order would require 100 kg of material Q.

The company management has decided to quote a price for this work on a relevant cost basis.

Details of costs for material Q are as follows:

What would be the relevant cost of Material Q to use in this order?

A$230

B$198

C$110

D$46

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Correct Answer: C

Question No. 5

Which THREE of the following are advantages of activity-based costing (ABC), in a multi-product environment, when compared with traditional absorption costing?

AABC provides a better understanding of overhead costs.

BABC provides more accurate product costs in a complex business environment.

CABC is cheaper to operate.

DABC results in increased unit profit for each product.

EABC leads to better product pricing decisions.

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Correct Answer: A, B, E

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