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New Release P1 CIMA Operational Questions

Page: 3 / 10
Total 180 questions

Management Accounting Questions and Answers

Question 9

A company makes two products, product X with a contribution per unit of $10 and product Y with a contribution per unit of $4.

These products are sold in the mix 3:2 by volume and fixed costs are $38,000 per period.

The breakeven point for product Y, based on the expected sales mix is:

Options:

Question 10

Which of the following managers is most likely to be responsible for an favourable labour efficiency variance?

Options:

A.

Production Manager

B.

Purchasing Manager

C.

Human Resources Manager

D.

Marketing Manager

Question 11

A flexible budget is a budget that is:

Options:

A.

set prior to the control period and not subsequently changed in response to changes in activity period has expired

B.

continuously updated by adding a further accounting period when the earliest accounting period has expired

C.

changed in response to changes in the level of activity

D.

changed in response to changes in costs

Question 12

Find the weighted average contribution per unit using the following information:

Options:

A.

£10

B.

£8

C.

£5.50

D.

£2.50

Page: 3 / 10
Total 180 questions