CIMA Certification CIMAPRO15-P01-X1-ENG

CIMA CIMAPRO15-P01-X1-ENG certification exam is experiencing a great demand within the IT industry. In recent years, CIMA CIMAPRO15-P01-X1-ENG certificate has become a global standard for many successful IT companies.

Using GetCertKey's CIMAPRO15-P01-X1-ENG braindumps materials, passing your CIMAPRO15-P01-X1-ENG exam would be easier. GetCertKey's CIMA CIMAPRO15-P01-X1-ENG exam materials contain almost 100% correct answers that are tested and approved by senior IT experts. Our exam materials are written by experienced IT experts. So it has a high hit rate and up to 99.9%. According to what we provide, you can pass CIMAPRO15-P01-X1-ENG exam on your first try.

Instant Download: Upon successful payment, Our systems will automatically send the product you have purchased to your mailbox by email. (If not received within 12 hours, please contact us. Note: don't forget to check your spam.)

GetCertKey provides the most accurate and latest IT exam materials which almost contain all knowledge points. With the aid of our CIMAPRO15-P01-X1-ENG study materials, you don't need to waste your time on reading quite a few reference books and just need spend 20-30 hours to master our CIMAPRO15-P01-X1-ENG real questions and answers. And we provide you with PDF Version & Software Version exam questions and answers. For Software Version materials, it is offered to give the candidates simulate the CIMAPRO15-P01-X1-ENG exam in a real environment.

After all customers successfully purchased our exam materials, we will provide one year free update. Within a year, if CIMAPRO15-P01-X1-ENG exam materials that you have purchased updated, we will free send CIMAPRO15-P01-X1-ENG latest version to your mailbox. If you don't pass your CIMA CIMAPRO15-P01-X1-ENG exam, we will give you full refund. You need to send the scanning copy of your CIMAPRO15-P01-X1-ENG examination report card to us. After confirming, we will quickly give you FULL REFUND of your purchasing fees.

GetCertKey provide some CIMAPRO15-P01-X1-ENG samples of questions and answers. You can try our CIMAPRO15-P01-X1-ENG free demo and download it. If you satisfied, you can add CIMAPRO15-P01-X1-ENG exam dumps to your shopping cart. After you make a payment, we will send your CIMAPRO15-P01-X1-ENG exam dumps to your mailbox. And later you can check your email and download the attachment.

Simple to operation: just two steps to finish your order. (Payment?)

Online CIMAPRO15-P01-X1-ENG Test Engine supports Windows / Mac / Android / iOS, etc., because it is the software based on WEB browser.

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

CIMA P1 - Management Accounting Question Tutorial Sample Questions:

1. A company has to choose between three mutually exclusive projects. Market research has shown that customers could react to the projects in three different ways depending on their preferences. There is a 30% chance that customers will exhibit preferences 1, a 20% chance they will exhibit preferences 2 and a 50% chance they will exhibit preferences 3. The company uses expected value to make this type of decision.
The net present value of each of the possible outcomes is as follows:

A market research company believes it can provide perfect information about the preferences of customers in this market.
What is the maximum amount that should be paid for the information from the market research company?

A) $145 000
B) $140 000
C) $135 000
D) $125 000

2. Explain why sensitivity analysis is useful when dealing with uncertainty in project appraisal.
Select all the true statements.

A) Sensitivity analysis enables a company to determine the effect of changes to variables on the planned outcome
B) In project appraisal, in analysis can be made of all the key variables to ascertain by how much each variable would need to change before the net present value (NPV) reaches 100% i.e. the maximum point.
C) In project appraisal, an analysis can be made if all the key variables to ascertain by how much variable would need to change before the net present value (NPV) reaches zero i.e. the indifference point.
D) Sensitivity analysis enables a company to determine the effect of changes to fixed costs on the planned outcome

3. A flexible budget is a budget that is:

A) set prior to the control period and not subsequently changed in response to changes in activity period has expired
B) changed in response to changes in the level of activity
C) continuously updated by adding a further accounting period when the earliest accounting period has expired
D) changed in response to changes in costs

4. CDF is a manufacturing company within the DF group. CDF has been asked to provide a quotation for a contract for a new customer and is aware that this could lead to further orders. As a consequence, CDF will produce the quotation by using relevant costing instead of its usual method of full cost plus pricing. The
following information has been obtained in relation to the contract: Material D 40 tons of material D would be required. This material is in regular use by CDF and has a current purchase price of $38 per ton. Currently, there are 5 tons in inventory which cost $35 per ton. The resale value of the material in inventory is $24 per ton.
Components 4,000 components would be required. These could be bought externally for $15 each or alternatively they could be supplied by RDF, another company within the DF manufacturing group. The variable cost of the component if it were manufactured by RDF would be $8 per unit, and RDF adds 30% to its variable cost to contribute to its fixed costs plus a further 20% to this total cost in order to set its internal transfer price. RDF has sufficient capacity to produce 2,500 components without affecting its ability to satisfy its own external customers. However, in order to make the extra 1,500 components required by CDF, RDF would have to forgo other external sales of $50,000 which have a contribution to sales ratio of 40%.
Labour hours 850 direct labour hours would be required. All direct labour within CDF is paid on an hourly basis with no guaranteed wage agreement. The grade of labour required is currently paid $10 per hour, but department W is already working at 100% capacity. Possible ways of overcoming this problem are:
* Use workers in department Z, because it has sufficient capacity. These workers are paid $15 per hour.
* Arrange for sub-contract workers to undertake some of the other work that is performed in department W.
The sub-contract workers would cost $13 per hour.
Specialist machine The contract would require a specialist machine. The machine could be hired for $15,000 or it could be bought for $50,000. At the end of the contract if the machine were bought, it could be sold for
$30,000. Alternatively, it could be modified at a cost of $5,000 and then used on other contracts instead of buying another essential machine that would cost $45,000. The operating costs of the machine are payable by CDF whether it hires or buys the machine. These costs would total $12,000 in respect of the new contract.
Supervisor The contract would be supervised by an existing manager who is paid an annual salary of $50,000 and has sufficient capacity to carry out this supervision. The manager would receive a bonus of $500 for the additional work.
Development time 15 hours of development time at a cost of $3,000 have already been worked in determining the resource requirements of the contract.
Fixed overhead absorption rate CDF uses an absorption rate of $20 per direct labour hour to recover its general fixed overhead costs. This includes $5 per hour for depreciation.
Calculate the relevant cost of the contract to CDF. You must present your answer in a schedule that clearly shows the relevant cost value for each of the items identified above. You should also explain each relevant cost value you have included in your schedule and why any values you have excluded are not relevant.
Ignore taxation and the time value of money.
Select all the true statements.

A) The total relevant cost was $84 990
B) Development Cost is a relevant cost.
C) Direct labour cist is a relevant cost
D) The total relevant cost was $104 320
E) The total relevant cost was $94 740
F) General fixed overhead costs are relevant costs.
G) Machine operating costs is a relevant cost.

5. EF manufactures and sells three products, X, Y and Z. The following production overhead costs are budgeted for next year:

Required:
Calculate the total budgeted production overhead cost for each product using activity based budgeting.

A) The total budgeted production overhead cost was $ 2 195 000
B) The total budgeted production overhead cost was $ 1 258 000
C) The total budgeted production overhead cost was $ 1 285 000
D) The total budgeted production overhead cost was $ 1 188 000
E) The total budgeted production overhead cost was $ 1 305 000

Solutions: