Select our excellent CIMAPRO15-P01-X1-ENG Sample training questions, you will not regret it. According to the above introduction, you must have your own judgment. Quickly purchase our CIMAPRO15-P01-X1-ENG Sample study materials we will certainly help you improve your competitiveness with the help of our CIMAPRO15-P01-X1-ENG Sample simulating exam! If you choose Omgzlook, we promise that we will try our best to help you pass the exam and also provide you with one year free update service. If you fail the exam, we will give you a full refund. So that as long as we receive you email or online questions about our CIMAPRO15-P01-X1-ENG Sample study materials, then we will give you information as soon as possible.
CIMA Certification CIMAPRO15-P01-X1-ENG You will become friends with better people.
CIMA Certification CIMAPRO15-P01-X1-ENG Sample - P1 - Management Accounting Question Tutorial Do not believe it, see it and then you will know. In a year after your payment, we will inform you that when the Reliable CIMAPRO15-P01-X1-ENG Test Cost exam guide should be updated and send you the latest version. Our company has established a long-term partnership with those who have purchased our Reliable CIMAPRO15-P01-X1-ENG Test Cost exam questions.
Everyone has their own life planning. Different selects will have different acquisition. So the choice is important.
You cannot blindly prepare for CIMA CIMAPRO15-P01-X1-ENG Sample exam.
As you can see that on our website, we have free demos of the CIMAPRO15-P01-X1-ENG Sample study materials are freebies for your information. In case you are tentative about their quality, we give these demos form which you could get the brief outline and questions closely related with the CIMAPRO15-P01-X1-ENG Sample exam materials. And it is quite easy to free download the demos of the CIMAPRO15-P01-X1-ENG Sample training guide, you can just click on the demos and input your email than you can download them in a second.
CIMAPRO15-P01-X1-ENG Sample answers real questions can help candidates have correct directions and prevent useless effort. If you still lack of confidence in preparing your exam, choosing a good CIMAPRO15-P01-X1-ENG Sample answers real questions will be a wise decision for you, it is also an economical method which is saving time, money and energy.
CIMAPRO15-P01-X1-ENG PDF DEMO:
QUESTION NO: 1
A flexible budget is a budget that is:
A. continuously updated by adding a further accounting period when the earliest accounting period has expired
B. changed in response to changes in costs
C. set prior to the control period and not subsequently changed in response to changes in activity period has expired
D. changed in response to changes in the level of activity
Answer: D
Explanation/Reference: https://www.vrelearnonline.com/cima-p1-104-30/
QUESTION NO: 2
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: 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
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: 5
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/
SAP C_ARSUM_2404 study material has a high quality service team. Microsoft AZ-800 questions and answers are created by our certified senior experts, which can ensure the high quality and high pass rate. But with Oracle 1z0-1123-24 test question, you will not have this problem. Getting an authoritative IT certification will make a great difference to your career like IIA IIA-CIA-Part1-CN exam tests. So stop idling away your precious time and begin your review with the help of our SAP C_C4H51_2405 learning quiz as soon as possible, and you will pass the exam in the least time.
Updated: May 27, 2022