Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

CIMAPRO19-P01-1 Exam - Topic 1 Question 10 Discussion

GH manufactures a product using skilled labour and high quality materials. The company operates a standard costing system and a just-in-time (JIT) purchasing and production system. The standard selling price and variable costs for one unit of the product are as follows:Calculate the following variances for October, taking account of the more detailed information regarding the labour mix:(i) The total labour efficiency variance(ii) The total labour mix variance(iii) The total labour yield varianceSelect the correct statements.
A) Labour yield variance: $ 144 000 A and B) Labour mix variance: $ 66 000 F and C) Labour efficiency variance: $ 78 000 A
D) Labour efficiency variance: $ 78 000 F
E) Labour efficiency variance: $ 88 000 F
F) Labour mix variance: $ 75 000 F
G) Labour efficiency variance: $ 98 000 A
H) Labour mix variance: $ 63 000 A

CIMAPRO19-P01-1 Exam - Topic 1 Question 10 Discussion

Actual exam question for CIMA's CIMAPRO19-P01-1 exam
Question #: 10
Topic #: 1
[All CIMAPRO19-P01-1 Questions]

GH manufactures a product using skilled labour and high quality materials. The company operates a standard costing system and a just-in-time (JIT) purchasing and production system. The standard selling price and variable costs for one unit of the product are as follows:

Calculate the following variances for October, taking account of the more detailed information regarding the labour mix:

(i) The total labour efficiency variance

(ii) The total labour mix variance

(iii) The total labour yield variance

Select the correct statements.

Show Suggested Answer Hide Answer
Suggested Answer: A, B, C

References:


by Gregoria at May 04, 2022, 04:25 PM

Limited Time Offer

25%

Off

Get Premium CIMAPRO19-P01-1 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Natalie
9 months ago
I’m leaning towards $75,000 F for the mix variance.
upvoted 0 times
...
Zita
9 months ago
Wait, how can the efficiency variance be $98,000 A? That seems off.
upvoted 0 times
...
Lorean
9 months ago
Definitely agree with the $78,000 A for efficiency variance.
upvoted 0 times
...
Glendora
9 months ago
I think the labour mix variance is actually $66,000 F.
upvoted 0 times
...
Sheridan
9 months ago
Labour yield variance is $144,000 A.
upvoted 0 times
...
Royce
10 months ago
Wait, I'm not sure about this. Let me re-read the question and think it through step-by-step.
upvoted 0 times
...
Casie
10 months ago
Okay, I think I've got a handle on this. The key is to make sure the API calls don't block the main UI thread. Option B seems like the way to go - set the async option to true and handle any errors or timeouts gracefully by omitting the widget. That should keep the rest of the UI responsive.
upvoted 0 times
...
Curt
10 months ago
Okay, I'm a bit confused by the wording of this question. Let me re-read it a few times to make sure I understand what's being asked.
upvoted 0 times
...

Save Cancel