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CIMA P2 Exam With Confidence Using Practice Dumps

Exam Code:
P2
Exam Name:
Advanced Management Accounting
Certification:
CIMA Management
Vendor:
CIMA
Questions:
184
Last Updated:
Apr 4, 2025
Exam Status:
Stable
CIMA P2

P2: CIMA Management Exam 2025 Study Guide Pdf and Test Engine

Are you worried about passing the CIMA P2 (Advanced Management Accounting) exam? Download the most recent CIMA P2 braindumps with answers that are 100% real. After downloading the CIMA P2 exam dumps training , you can receive 99 days of free updates, making this website one of the best options to save additional money. In order to help you prepare for the CIMA P2 exam questions and verified answers by IT certified experts, CertsTopics has put together a complete collection of dumps questions and answers. To help you prepare and pass the CIMA P2 exam on your first attempt, we have compiled actual exam questions and their answers. 

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Advanced Management Accounting Questions and Answers

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Question 1

An investment centre manager is considering the purchase of a new machine. If purchased, the new machine would replace an existing one that is used to manufacture one of the investment centre's existing products.

The new machine would incur $800 per month additional running costs; this includes $300 per month of additional depreciation.

The new machine would save on direct labor time. This means that the fixed production overhead absorbed by the product on the basis of direct labor hours would reduce by $100 per month.

What is the total cost of the above that is relevant to the decision to purchase the machine?

Options:

A.

$500; only the additional running costs, excluding depreciation, are relevant.

B.

$700; all of the additional running costs and the reduction in absorbed overhead are relevant.

C.

$400; only the reduction in absorbed overhead and the additional running costs, excluding depreciation, are relevant.

D.

$800; all of the additional running costs are relevant, but the reduction in absorbed overhead is not relevant.

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Question 2

In order to remain competitive an organization wishes to achieve cost savings for one of its existing products.

Which of the following correctly describes methods which the organization can use to achieve these cost savings?

Select ALL that apply.

Options:

A.

Functional analysis is carried out only on existing products and is concerned only with minimizing the cost of the originally defined functions of a product.

B.

Value engineering is a fundamental rethinking and radical redesign of an organization's existing processes.

C.

Target costing is continuously setting new stretch targets while the product is in production.

D.

Value analysis is examining a product's costs in order to achieve its purpose at a reduced cost while maintaining its reliability and quality.

E.

Kaizen costing is seeking to make cost savings by continuously making small incremental cost reductions while the product is in production.

Question 3

In order to support decision making, management accounting information categorizes costs in a variety of ways.

Responsibility accounting primarily distinguishes between costs on the basis that they are either:

Options:

A.

sunk or opportunity costs

B.

fixed or variable costs

C.

controllable or uncontrollable costs

D.

relevant or non-relevant costs

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