최신 P1 무료덤프 - CIMA Management Accounting
Company LGF seeks to maximize profits and has a 'risk seeker' attitude when making decisions. The company has to choose between mutually exclusive projects. A range of possible profit outcomes has been estimated for each project along with their associated probabilities.
Company LGF would choose the project with the:
Company LGF would choose the project with the:
정답: C
A company's markets are affected by fluctuating exchange rates. It is difficult to forecast more than two or three months ahead.
Which of the following budgeting systems would be most useful in this company's circumstances?
Which of the following budgeting systems would be most useful in this company's circumstances?
정답: C
Traditional absorption costing is more suitable than activity-based costing when:
정답: B
FG Enterprises manufactures and sells three products. There are 4,400 kg of Material X available in the next period. Material X is used in the manufacture of all three products. The following data is available for the next period.
What is the optimal production plan for the next period in order to maximise profit?
What is the optimal production plan for the next period in order to maximise profit?
정답: C
JDM is considering whether to go ahead with the launch of a new product. Profit from the new product is dependent on the level of demand.
The following table shows the estimated profits and their respective probabilities at different levels of demand.
The company could still cancel the launch of the product but would incur a cost of $7,000.
What is the maximum amount that the company should pay for perfect information about demand for the product?
The following table shows the estimated profits and their respective probabilities at different levels of demand.
The company could still cancel the launch of the product but would incur a cost of $7,000.
What is the maximum amount that the company should pay for perfect information about demand for the product?
정답: D
Calculate the sensitivity of the investment decision to a change in the annual fixed costs.
By how much should the present value of the fixed cost increase, before this project is not viable?
정답: B
The standard output from a joint process is 4,000 litres of Product K, 6,000 litres of Product L and 3,000 litres of Product M.
The total cost of the joint process is $147,000.
The company is now deciding if it should further process Product L.
In the further processing decision the best way to apportion the joint costs to the products is:
The total cost of the joint process is $147,000.
The company is now deciding if it should further process Product L.
In the further processing decision the best way to apportion the joint costs to the products is:
정답: D
A clinic offers two types of procedure, A and B.
The clinic uses activity-based costing. The general facility overhead cost for next year is budgeted to be
$8,601,600. The cost driver is the length of patient stay.
Additional data:
What is the general facility overhead cost for each Procedure B?
The clinic uses activity-based costing. The general facility overhead cost for next year is budgeted to be
$8,601,600. The cost driver is the length of patient stay.
Additional data:
What is the general facility overhead cost for each Procedure B?
정답: A
A company operates a customer complaints department.
How will the cost of the customer complaints department be classified in a system focussed on quality related costs?
How will the cost of the customer complaints department be classified in a system focussed on quality related costs?
정답: A
The labour requirement for a special contract is 250 skilled labour hours paid at $10 per hour and 750 semi-skilled labour hours paid at $8 per hour.
At present, skilled labour is fully utilised on other contracts which generate a $12 contribution per hour, after charging labour costs. Additional skilled labour is unavailable in the short term.
There is a surplus of 1,200 semi-skilled hours over the period of the contract but the firm has a policy of no redundancies.
The relevant cost of labour for the special contract is:
At present, skilled labour is fully utilised on other contracts which generate a $12 contribution per hour, after charging labour costs. Additional skilled labour is unavailable in the short term.
There is a surplus of 1,200 semi-skilled hours over the period of the contract but the firm has a policy of no redundancies.
The relevant cost of labour for the special contract is:
정답: B
The definition of a trend is:
정답: B
A medium-sized manufacturing company, which operates in the electronics industry, has employed a firm of consultants to carry out a review of the company's planning and control systems. The company presently uses a traditional incremental budgeting system and the inventory management system is based on economic order quantities (EOQ) and reorder levels. The company's normal production patterns have changed significantly over the previous few years as a result of increasing demand for customized products. This has resulted in shorter production runs and difficulties with production and resource planning.
The consultants have recommended the implementation of activity based budgeting and a manufacturing resource planning system to improve planning and resource management.
How will a manufacturing resource planning system improve the planning of purchases and production for the company?
Select ALL the correct answers.
The consultants have recommended the implementation of activity based budgeting and a manufacturing resource planning system to improve planning and resource management.
How will a manufacturing resource planning system improve the planning of purchases and production for the company?
Select ALL the correct answers.
정답: B,C,D,F
XY can choose from four mutually exclusive projects. The projects will each last for one year and their net cash inflows will be determined by market conditions. The forecast net cash inflows for each of the possible outcomes are shown below.
If the company applies the maximax criterion the project chosen would be:
If the company applies the maximax criterion the project chosen would be:
정답: A
A company manufactures a single product. The following budgeted data applies to month 6:
What was the budgeted fixed production overhead for month 6?
Give your answer to the nearest whole $ (in '000s).
What was the budgeted fixed production overhead for month 6?
Give your answer to the nearest whole $ (in '000s).
정답:
$60000
Where sales volume is the principal budget factor, which of the following is the correct order in which budgets have to be prepared?
정답: D
A manufacturing company has fixed production overhead costs, direct material costs and direct labour costs. The number of units of closing finished goods inventory is lower than the opening inventory.
Which of the following statements is true?
Which of the following statements is true?
정답: D
The following details are available for a company's production overhead costs at different levels of activity:
The company uses the high-low method to calculate its budgeted production overhead costs.
What is the budget for production overhead costs at an activity level of 8,500 units?
Give your answer as a whole number.
The company uses the high-low method to calculate its budgeted production overhead costs.
What is the budget for production overhead costs at an activity level of 8,500 units?
Give your answer as a whole number.
정답:
$25950
A company's initial budget for month 3 includes sales of $100,000, a contribution to sales (C/S) ratio of
40% and fixed costs of $20,000.
If the budgeted sales volume in month 3 is reduced by 5% but contribution per unit, total fixed costs and sales mix are unchanged, which of the following statements, about the change to the budgeted profit or contribution in month 3 is true?
40% and fixed costs of $20,000.
If the budgeted sales volume in month 3 is reduced by 5% but contribution per unit, total fixed costs and sales mix are unchanged, which of the following statements, about the change to the budgeted profit or contribution in month 3 is true?
정답: D
MDS is facing a temporary shortage of Material H which is used to produce all three of its products.
In order to maximise its profitability, which product should be manufactured first?
In order to maximise its profitability, which product should be manufactured first?
정답: D
A company is bidding to win a special contract.
Which of the following is NOT a relevant cost to the company of undertaking the contract?
Which of the following is NOT a relevant cost to the company of undertaking the contract?
정답: C