Free CIMA CIMAPRO19-P01-1 Exam Actual Questions

The questions for CIMAPRO19-P01-1 were last updated On Apr 21, 2025

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Question No. 1

A company uses a standard costing system.

The company's sales budget for the latest period includes 1,500 units of a product with a selling price of $400 per unit.

The product has a budgeted contribution to sales ratio of 30%.

Actual sales for the period were 1,630 units at a selling price of $390 per unit.

The actual contribution to sales ratio was 28%.

The sales volume contribution variance for the product for the latest period is:

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Correct Answer: A

References:


Question No. 2

PQR has recently introduced an activity-based costing system.

It manufactures three products, details of which are given below.

The budgeted production overhead costs for the year are shown in table below:

What is budgeted machine set-up cost per unit of Product J?

Give your answer to the nearest cent.

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Correct Answer: A

Question No. 3

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.

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Correct Answer: C, D, E

References:


Question No. 4

A budgetary control report for the latest period is shown below:

Which TWO of the following statements are correct?

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Correct Answer: B, C

Question No. 5

In a manufacturing company, breakeven occurs at which TWO of the following?

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Correct Answer: B, E