Free CIMA CIMAPRO19-P01-1 Exam Actual Questions

The questions for CIMAPRO19-P01-1 were last updated On Apr 22, 2025

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Question No. 1

Which of the following distinguishes risk from uncertainty?

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Correct Answer: A

Question No. 2

XY sells two products for which the budgeted contribution to sales ratios are as follows:

Total budgeted sales revenue is $920,000, of which $368,000 will be generated by product X. The products must be sold in a constant mix.

Budgeted fixed costs are $105,000.

What is the budgeted breakeven sales revenue?

Give your answer to the nearest $.

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Correct Answer: A

Question No. 3

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

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Question No. 4

A manager in your organisation says, "I have spare capacity and I need a unit cost as a basis for pricing a special one-off contract. You have provided me with a relevant cost of $6.50 per unit and a full production cost of $8.00 per unit. Please explain which unit cost I should use."

Which cost should be used in this decision and why?

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Correct Answer: C

Question No. 5

Select the benefits to a company of using sensitivity analysis in investment appraisal.

(Select all the true statements.)

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Correct Answer: A, B, D

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