CIMAPRA17-BA2-1 Exam - Topic 1 Question 1 Discussion

Actual exam question for CIMA's CIMAPRA17-BA2-1 exam

Question #: 1
Topic #: 1

GB Limited operates a standard costing system. During the month 18,500 labour hours were worked at a standard cost of $6 per hour. The labour efficiency variance was $8,700 favourable.

How many standard hours were produced?

A1,450

B19,950

C17,050

D18,500

Show Suggested Answer

Suggested Answer: C

by Maryann at May 07, 2022, 12:43 PM

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Jonelle

5 months ago

Definitely not D, we worked 18,500 hours.

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Mabel

6 months ago

Really? 1,450 seems way too low.

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Stevie

6 months ago

Wait, how can we have a favorable variance with that many hours?

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Miles

6 months ago

I think the answer is B, 19,950 hours!

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Devora

6 months ago

Standard cost is $6 per hour.

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Alberto

6 months ago

Okay, 2 weeks to complete the whole process - that's tight, but I think I can manage it if I plan my time wisely.

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Ariel

7 months ago

I'd lean towards C - the recommendations should outline specific steps to prevent future fraud and improve internal controls.

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