CIMA CIMAPRO15-P01-X1-ENG

Scientific and Convenient Design

The design of our CIMAPRO15-P01-X1-ENG guide training is ingenious and delicate. Every detail is perfect. For example, if you choose to study our learning materials on our windows software, you will find the interface our learning materials are concise and beautiful, so it can allow you to study CIMAPRO15-P01-X1-ENG exam questions in a concise and undisturbed environment. In addition, you will find a lot of small buttons, which can give you a lot of help. Some buttons are used to hide or show the answer. What's more important is that we have spare space, so you can take notes under each question in the process of learning CIMAPRO15-P01-X1-ENG study tool. When you start, there will be a timer to help you to time, so that you can finish the problem within the prescribed time and it can create an environment. If you are satisfied with our CIMAPRO15-P01-X1-ENG exam questions, you can make a choice to purchase them.

Our CIMAPRO15-P01-X1-ENG study tool prepared by our company has now been selected as the secret weapons of customers who wish to pass the exam and obtain relevant certification. If you are agonizing about how to pass the exam and to get the CIMA certificate, now you can try our learning materials. Our reputation is earned by high-quality of our learning materials. Once you choose our training materials, you chose hope. Our learning materials are based on the customer's point of view and fully consider the needs of our customers. If you follow the steps of our CIMAPRO15-P01-X1-ENG exam questions, you can easily and happily learn and ultimately succeed in the ocean of learning. Next, I will detail the relevant information of our learning materials so that you can have a better understanding of our CIMAPRO15-P01-X1-ENG guide training.

High Efficiency

After years of hard work, our CIMAPRO15-P01-X1-ENG guide training can take the leading position in the market. Our highly efficient operating system for learning materials has won the praise of many customers. If you are determined to purchase our CIMAPRO15-P01-X1-ENG study tool, we can assure you that you can receive an email from our efficient system within 5 to 10 minutes after your payment, which means that you do not need to wait a long time to experience our learning materials. Then you can start learning our CIMAPRO15-P01-X1-ENG exam questions in preparation for the exam.

Pass Rate is Guaranteed

As the authoritative provider of CIMAPRO15-P01-X1-ENG guide training, we can guarantee a high pass rate compared with peers, which is also proved by practice. Our good reputation is your motivation to choose our learning materials. We guarantee that if you under the guidance of our CIMAPRO15-P01-X1-ENG study tool step by step you will pass the exam without a doubt and get a certificate. Our learning materials are carefully compiled over many years of practical effort and are adaptable to the needs of the exam. We firmly believe that you cannot be an exception. Choosing our CIMAPRO15-P01-X1-ENG exam questions actually means that you will have more opportunities to be promoted in the near future. If you eventually fail the exam, we will refund the fee by the contract. We are confident that in the future, our CIMAPRO15-P01-X1-ENG study tool will be more attractive and the pass rate will be further enhanced.

CIMA CIMAPRO15-P01-X1-ENG Exam Syllabus Topics:

CIMA P1 - Management Accounting Question Tutorial Sample Questions:

1. A medium-sized manufacturing company, which operates in the electronics industry, has employed a firm of consultants to carry out a review of the company's planning and control systems. The company presently uses a traditional incremental budgeting system and the inventory management system is based on economic order quantities (EOQ) and reorder levels. The company's normal production patterns have changed significantly over the previous few years as a result of increasing demand for customized products. This has resulted in shorter production runs and difficulties with production and resource planning. The consultants have recommended the implementation of activity based budgeting and a manufacturing resource planning system to improve planning and resource management.
What are the benefits for the company that could occur following the introduction of an activity based budgeting system?
Select ALL the correct answers.

A) The approach under an Activity based Budgeting System is to make arbitrary cuts in order to meet overall financial targets.
B) Activity based techniques including activity based budgeting focus on the outputs of a process rather than the input to the process. This approach provides a clear framework for understanding the link between costs and the level of activity. It allows the ranking of activities and the determination of how limited resources should be allocated across competing activities.
C) Activity Based Budgeting Systems present costs under functional headings i.e. the emphasis is on the nature of the cost. The weakness if this approach is that it gives little indication of the link between the level of activity and the cost incurred.
D) Under an activity based budgeting system, resource allocation is linked to the strategic plan and is prepared after considering alternative strategies. This approach ensures that new activities that are required to meet the company's strategic objectives are included in the budget.
E) Under a traditional incremental budgeting system the focus is on existing resources and operations.
Adjustments are then made for changes in activity and price which results in past inefficiencies being perpetuated. Under an activity based budgeting system, only resources that are needed to perform activities required to meet the budgeted production and sales volumes are included.

2. A company is considering whether to develop an overseas market for its products. The cost of developing the new market is estimated to be $250,000. There is a 70% probability that the development of the new market will succeed and a 30% probability that the development of the new market will fail and no further expenditure will be incurred.
If the market development is successful, the profit from the new market will depend on prevailing exchange rates. There is a 50% chance that exchange rates will be in line with expectations and a profit of $500,000 will be made. There is a 20% chance that exchange rates will be favorable and a profit of $630,000 will be made and a 30% chance that exchange rates will be adverse and a profit of $100,000 will be made.
The profit figures stated are before taking account of the development costs of $250,000.
Use a decision tree to decide whether the company should develop an overseas market for its products.
Select one correct answer.

A) The overseas market should be developed.
B) There is 70% chance that the project will fail.
C) There is 65% chance that the project will fail.
D) There may be a loss of $110 000.
E) There is a chance to make $506 000 profit.
F) The overseas market should not be developed.

3. TP makes wedding cakes that are sold to specialist retail outlets which decorate the cakes according to the customers' specific requirements. The standard cost per unit of its most popular cake is as follows:

The general market prices at the time of purchase for Ingredient A and Ingredient B were $23 per kg and $20 per kg respectively. TP operates a JIT purchasing system for ingredients and a JIT production system; therefore, there was no inventory during the period.
What was the material yield variance?

A) The material yield variance was $155 000 A
B) The material yield variance was $155 500 A
C) The material yield variance was $175 500 A
D) The material yield variance was $175 000 A
E) The material yield variance was $98 500 A

4. XY can choose from four mutually exclusive projects. The projects will each last for one year and their net cash inflows will be determined by market conditions. The forecast net cash inflows for each of the possible outcomes are shown below.

If the company applies the maximin criterion the project chosen would be:

A) Project D
B) Project C
C) Project A
D) Project B

5. Explain THREE benefits that organizations gain from using budgetary planning and control systems.
Select ALL the true statements.

A) Budgeting forces an organization's management to look ahead and set performance targets.
B) Another benefit of budgeting is to set targets to motivate managers and optimize their performance.
C) The budget is a useful device of influencing an operator's thoughts and motivating operators to perform in line with the organization's marketing budget.
D) It provides a standard which managers may be motivated to achieve. It can also encourage inefficiency
and conflict between managers particularly if the budget is imposed from above, whereby it may act as a threat rather than as a challenge.
E) The budget provides an external benchmark against which performance against which performance can be evaluated.
F) The budget acts as a variable mechanism, with actual results being compared with budget.
G) The budget ensures actions of different parts of the organization are coordinated are reconciled otherwise managers take actions for the benefit of their own part of organization that may not benefit the organization as a whole.

Solutions: