It is very economical that you just spend 20 or 30 hours then you have the CIMAPRO15-P01-X1-ENG Mock Test certificate in your hand, which is typically beneficial for your career in the future. Only if you download our software and practice no more than 30 hours will you attend your test confidently. Because our CIMAPRO15-P01-X1-ENG Mock Test exam torrent can simulate limited-timed examination and online error correcting, it just takes less time and energy for you to prepare the CIMAPRO15-P01-X1-ENG Mock Test exam than other study materials. Our expert team will check the update CIMAPRO15-P01-X1-ENG Mock Test learning prep and will send the update version automatically to the clients. So the clients can enjoy the convenience of our wonderful service and the benefits brought by our superior CIMAPRO15-P01-X1-ENG Mock Test guide materials. The downloading process is operational.
CIMA Certification CIMAPRO15-P01-X1-ENG Why not have a try?
CIMA Certification CIMAPRO15-P01-X1-ENG Mock Test - P1 - Management Accounting Question Tutorial The experts will update the system every day. With our CIMAPRO15-P01-X1-ENG Latest Test Topics Pdf exam questions, you will easily get the favor of executives and successfully enter the gates of famous companies. You will have higher wages and a better development platform.
The online version is open to all electronic devices, which will allow your device to have common browser functionality so that you can open our products. At the same time, our online version of the CIMAPRO15-P01-X1-ENG Mock Test study guide can also be implemented offline, which is a big advantage that many of the same educational products are not able to do on the market at present. Our CIMAPRO15-P01-X1-ENG Mock Test study guide design three different versions for all customers.
CIMA CIMAPRO15-P01-X1-ENG Mock Test - Now, people are blundering.
We emphasize on customers satisfaction, which benefits both exam candidates and our company equally. By developing and nurturing superior customers value, our company has been getting and growing more and more customers. To satisfy the goals of exam candidates, we created the high quality and high accuracy CIMAPRO15-P01-X1-ENG Mock Test real materials for you. By experts who diligently work to improve our practice materials over ten years, all content are precise and useful and we make necessary alternations at intervals.
You need to reserve our installation packages of our CIMAPRO15-P01-X1-ENG Mock Test learning guide in your flash disks. Then you can go to everywhere without carrying your computers.
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/
We are sure you can seep great deal of knowledge from our CIW 1D0-724 study prep in preference to other materials obviously. With easy payment and thoughtful, intimate after-sales service, believe that our Fortinet FCP_FAZ_AD-7.4 exam dumps will not disappoint users. As the captioned description said, our CIMA CIMAPRO19-CS3-1 practice materials are filled with the newest points of knowledge about the exam. Second, once we have written the latest version of the IIA IIA-CIA-Part2-CNcertification guide, our products will send them the latest version of the IIA IIA-CIA-Part2-CN test practice question free of charge for one year after the user buys the product. Our IIA IIA-CIA-Part3-CN learning quiz is the accumulation of professional knowledge worthy practicing and remembering, so you will not regret choosing our IIA IIA-CIA-Part3-CN study guide.
Updated: May 27, 2022