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

Actual exam question for CIMA's CIMAPRO19-P01-1 exam

Question #: 10
Topic #: 1

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.

ALabour yield variance: $ 144 000 A

BLabour mix variance: $ 66 000 F

CLabour efficiency variance: $ 78 000 A

DLabour efficiency variance: $ 78 000 F

ELabour efficiency variance: $ 88 000 F

FLabour mix variance: $ 75 000 F

GLabour efficiency variance: $ 98 000 A

HLabour mix variance: $ 63 000 A

Show Suggested Answer

Suggested Answer: A, B, C

References:

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

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Natalie

7 months ago

I’m leaning towards $75,000 F for the mix variance.

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Zita

7 months ago

Wait, how can the efficiency variance be $98,000 A? That seems off.

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Lorean

7 months ago

Definitely agree with the $78,000 A for efficiency variance.

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Glendora

8 months ago

I think the labour mix variance is actually $66,000 F.

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Sheridan

8 months ago

Labour yield variance is $144,000 A.

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Royce

8 months ago

Wait, I'm not sure about this. Let me re-read the question and think it through step-by-step.

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Casie

8 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.

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Curt

8 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.

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