CIMA CIMAPRO19-P02-1 Exam Actual Questions

Name: P2 Advanced Management Accounting
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SKU: CIMAPRO19-P02-1
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The questions for CIMAPRO19-P02-1 were last updated on Sep 22, 2024.

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Question No. 1

SkillWeave Industries are focused on managing the risk of selling their cars to the region due to economic turmoil, and have now begun using funds from sales in the region to fund supplier purchases from that region to

reduce the risk from the volatile currency. However, SkillWeave want to go a step further and make the risk even less sizeable.

Which of the following is a method by which SkillWeave can operate in the market and transfer the risk of exchange rate exposure to another party?

AInvoice international sales in domestic currency

BTemporarily stop operating in that target market

CArrange a forward foreign exchange rate contract agreeing to buy a given amount of the foreign currency in 3 months time for a fixed exchange rate based on current rates

DPut a sale on all vehicles stationed in the region to clear stock quickly

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Correct Answer: A

Question No. 2

We have 2 divisions with the following information: Profit before depreciation: B1=$800,000, B2=S1,000,000; Assets: B1 =$2,000,000, B2=S3,000,000; Capital employed: B1 = $1,700,000 and B2 = $2,550,000. 20%

straight-line depreciation is used.

Calculate ROI for each division.

AROI for B1 is 47% and ROI for B2 is 39.2%

BROI for B1 is 25.5% and ROI for B2 is 17.7%

CROI for B1 is 23.5% and ROI for B2 is 23.5%

DROI for B1 is 23.5% and ROI for B2 is 15.7%

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Correct Answer: D

Question No. 3

The manager of Ice Sculpting Co. believes that too much material is being wasted during downtime. She researched, and found throughput accounting to be an adequate alternative. However, she wasn't sure if all that

she read was accurate.

Which of the following statements are TRUE when using Throughput Accounting? Select ALL that apply.

AIf there is no demand, then there should be no production.

BNot all sales equal to profit

CStocking up on inventory is bad for business.

DAll costs, except materials, are considered fixed.

EDepartments should be operating at full capacity regardless of bottlenecks

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Correct Answer: A, C, D

Question No. 4

Which of the following are TRUE about the theory of constraints? Select ALL that apply.

AEach resource should be put to its most profitable use

BRelieve all the constraints in a system simultaneously to ensure optimality

CEnsure that each constraint is being used efficiently

DRelieve constraints until the cost of relieving the last constraint exceeds the benefit

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Correct Answer: A, C, D

Question No. 5

Endure Co. makes 1,000 units ofX and 2,000 units of Y.

Costs for X: Material $4, labour $8, direct overhead $2, fixed cost $4.

Costs for Y: Material $9, labour $9, direct overhead $4, fixed cost $6.

Selling price for X and Y are S19 and $25 respectively. Another company can sell ready made product X and product Y's to Endure Co, this company sells X at $12 and Y at $21. Advise Endure Co. on what would be the

most cost effective way to source products X and Y.

AEndure should buy X and Yfrom the other supplier.

BEndure should buy X but produce Y themselves.

CEndure should produce both X and Y themselves.

DEndure should buy Y but produce X themselves.

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Correct Answer: A

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