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

Limited Time Offer

25%

Off

Get Premium CIMAPRA17-BA2-1 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Jonelle

4 months ago

Definitely not D, we worked 18,500 hours.

upvoted 0 times

...

Mabel

4 months ago

Really? 1,450 seems way too low.

upvoted 0 times

...

Stevie

4 months ago

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

upvoted 0 times

...

Miles

4 months ago

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

upvoted 0 times

...

Devora

5 months ago

Standard cost is $6 per hour.

upvoted 0 times

...

Alberto

5 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.

upvoted 0 times

...

Ariel

5 months ago

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

upvoted 0 times

...