It is a package of CIMAPRO15-P01-X1-ENG Free braindumps that is prepared by the proficient experts. These CIMAPRO15-P01-X1-ENG Free exam questions dumps are of high quality and are designed for the convenience of the candidates. These are based on the CIMAPRO15-P01-X1-ENG Free Exam content that covers the entire syllabus. Good practice materials like our P1 - Management Accounting Question Tutorial study question can educate exam candidates with the most knowledge. Do not make your decisions now will be a pity for good. So our CIMAPRO15-P01-X1-ENG Free exam prep receives a tremendous ovation in market over twenty years.
Our CIMAPRO15-P01-X1-ENG Free exam materials have plenty of advantages.
The software version of our CIMAPRO15-P01-X1-ENG - P1 - Management Accounting Question Tutorial Free study engine is designed to simulate a real exam situation. Repeated attempts will sharpen your minds. Maybe our Latest CIMAPRO15-P01-X1-ENG Exam Study Guide learning quiz is suitable for you.
It can be said that CIMAPRO15-P01-X1-ENG Free test guide is the key to help you open your dream door. We have enough confidence in our products, so we can give a 100% refund guarantee to our customers. CIMAPRO15-P01-X1-ENG Free exam questions promise that if you fail to pass the exam successfully after purchasing our product, we are willing to provide you with a 100% full refund.
CIMA CIMAPRO15-P01-X1-ENG Free - And the quality of our exam dumps are very high!
In order to survive in the society and realize our own values, learning our CIMAPRO15-P01-X1-ENG Free practice engine is the best way. Never top improving yourself. The society warmly welcomes struggling people. You will really benefit from your correct choice. Our CIMAPRO15-P01-X1-ENG Free study materials are ready to help you pass the exam and get the certification. You can certainly get a better life with the certification. Please make a decision quickly. We are waiting for you to purchase our CIMAPRO15-P01-X1-ENG Free exam questions.
Today, in an era of fierce competition, how can we occupy a place in a market where talent is saturated? The answer is a certificate. What the certificate main? All kinds of the test CIMAPRO15-P01-X1-ENG Free certification, prove you through all kinds of qualification certificate, it is not hard to find, more and more people are willing to invest time and effort on the CIMAPRO15-P01-X1-ENG Free exam guide, because get the test CIMAPRO15-P01-X1-ENG Free certification is not an easy thing, so, a lot of people are looking for an efficient learning method.
CIMAPRO15-P01-X1-ENG PDF DEMO:
QUESTION NO: 1
LM operates a parcel delivery service. Last year its employees delivered 15,120 parcels and travelled 120,960 kilometers. Total costs were $194,400.
LM has estimated that 70% of its total costs are variable with activity and that 60% of these costs vary with the number of parcels and the remainder vary with the distance travelled.
LM is preparing its budget for the forthcoming year using an incremental budgeting approach and has produced the following estimates:
* All costs will be 3% higher than the previous year due to inflation
* Efficiency will remain unchanged
* A total of 18,360 parcels will be delivered and 128,800 kilometers will be travelled.
Calculate the following costs to be included in the forthcoming year's budget:
(i) the total variable costs related to the number of parcels delivered.
(ii) the total variable costs related to the distance travelled.
A. Parcel related cost for next year = $112,118; Distance related costs for next year = $59,699
B. Parcel related cost for next year = $109,118; Distance related costs for next year = $89,699
C. Parcel related cost for next year = $115,306; Distance related costs for next year = $31,590
D. Parcel related cost for next year = $105,306; Distance related costs for next year = $30,590
E. Parcel related cost for next year = $112,308; Distance related costs for next year = $79,590
Answer: A
Explanation/Reference: https://www.vrelearnonline.com/cima-p1-104-29/
QUESTION NO: 2
A company produces trays of pre-prepared meals that are sold to restaurants and food retailers. Three varieties of meals are sold: economy, premium and deluxe.
Discuss the benefits of flexible budgeting for planning and control purposes.
Select all the true statements.
A. The fixed budget however provides more insight into actual performance.
B. A fixed budget will provide meaningful control information when actual activity differs from budget and variable costs are significant.
C. Reporting against a fixed budget tells management nothing about the efficiency of operations.
D. If actual sales revenue is compared to a fixed budget it is possible to tell whether a favourable sales variance is due to an increase in units sold or an increase in sales price.
E. If sales volumes were well above budget, adverse variable cost variances will probably be reported, against the fixed budget, since more variable costs have to be incurred to support the higher level of activity.
F. If a flexible budget is prepared then the budget variances calculated will provide a better indication of performance since actual results will be compared against an appropriate benchmark.
Answer: C,E,F
Explanation/Reference: https://www.vrelearnonline.com/cima-p1-105-3/
QUESTION NO: 3
A company produces three products D, E and F. The statement below shows the selling price and product costs per unit for each product, based on a traditional absorption costing system.
Each of the products is produced using Process A which has a maximum capacity of 2,500 hours per period.
If a traditional contribution approach is used, the ranking of products, in order of priority, for the profit maximizing product mix will be:
A. F, D, F
B. D, E, F
C. E, D, F
D. D, E, F
Answer: A
QUESTION NO: 4
CH is a building supplies company that sells products to trade and private customers.
Budget data for each of the six months to March are given below:
80% of the value of credit sales is received in the month after sale, 10% two months after sale and 8% three months after sale. The balance is written off as a bad debt.
75% of the value of credit purchases is paid in the month after purchase and the remaining 25% is paid two months after purchase.
All other operating costs are paid in the month they are incurred.
CH has placed an order for four new forklift trucks that will cost $25,000 each. The scheduled payment date is in February.
The cash balance at 1 January is estimated to be $15,000.
Prepare a cash budget for each of the THREE months of January, February and March.
Select All the correct answers.
A. The total receipts in January will be $320 000
B. The total receipts in January will be $245 000
C. The total payments in February will be $405 000
D. Total payments in March will be $323 000
Answer: A,D
Explanation/Reference: https://www.vrelearnonline.com/cima-p1-104-13/
QUESTION NO: 5
GH manufactures a product using skilled labour and high quality materials. The company operates a standard costing system and a just-in-time (JIT) purchasing and production system. The standard selling price and variable costs for one unit of the product are as follows:
Calculate the following variances for October, taking account of the more detailed information regarding the labour mix:
(i) The total labour efficiency variance
(ii) The total labour mix variance
(iii) The total labour yield variance
Select the correct statements.
A. Labour efficiency variance: $ 88 000 F
B. Labour efficiency variance: $ 78 000 F
C. Labour mix variance: $ 75 000 F
D. Labour efficiency variance: $ 78 000 A
E. Labour mix variance: $ 63 000 A
F. Labour mix variance: $ 66 000 F
G. Labour yield variance: $ 144 000 A
H. Labour efficiency variance: $ 98 000 A
Answer: D,F,G
Explanation/Reference: https://www.vrelearnonline.com/cima-p1-104-17/
And soon you can get CIMA certification Juniper JN0-223 exam certificate. If you buy our Dell D-AX-DY-A-00 study questions, you can enjoy the similar real exam environment. EMC D-VXR-DS-00 - However, you can choose many ways to help you pass the exam. Our Microsoft DP-600 study materials have three versions which are versions of PDF, Software/PC, and APP/Online. You can free download part of Omgzlook's exercises and answers about CIMA certification Microsoft MB-330 exam as a try, then you will be more confident to choose our Omgzlook's products to prepare your CIMA certification Microsoft MB-330 exam.
Updated: May 27, 2022