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CIMAPRO19-P01-1 Exam - Topic 10 Question 22 Discussion

TP makes wedding cakes that are sold to specialist retail outlets which decorate the cakes according to the customers' specific requirements. The standard cost per unit of its most popular cake is as follows:The general market prices at the time of purchase for Ingredient A and Ingredient B were $23 per kg and $20 per kg respectively. TP operates a JIT purchasing system for ingredients and a JIT production system; therefore, there was no inventory during the period.What was the material price planning variance for ingredient B?
A) The material price planning variance -- Ingredient B was $54 000 F
B) The material price planning variance -- Ingredient B was $64 000 F
C) The material price planning variance -- Ingredient B was $57 000 F
D) The material price planning variance -- Ingredient B was $59 000 F

CIMAPRO19-P01-1 Exam - Topic 10 Question 22 Discussion

Actual exam question for CIMA's CIMAPRO19-P01-1 exam
Question #: 22
Topic #: 10
[All CIMAPRO19-P01-1 Questions]

TP makes wedding cakes that are sold to specialist retail outlets which decorate the cakes according to the customers' specific requirements. The standard cost per unit of its most popular cake is as follows:

The general market prices at the time of purchase for Ingredient A and Ingredient B were $23 per kg and $20 per kg respectively. TP operates a JIT purchasing system for ingredients and a JIT production system; therefore, there was no inventory during the period.

What was the material price planning variance for ingredient B?

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Suggested Answer: A

by Joni at May 08, 2022, 09:31 AM

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Daren
11 months ago
I agree with Kristel, $64,000 F makes sense!
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Gene
11 months ago
Wait, how can the variance be $59,000 F? That seems off.
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Georgeanna
11 months ago
$57,000 F sounds right to me!
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Kristel
11 months ago
Nah, I’m pretty sure it’s $64,000 F.
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Rikki
11 months ago
I think the variance for Ingredient B is $54,000 F.
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Camellia
11 months ago
Hmm, I'm a little unsure about this one. Prednisone can cause a lot of different side effects, so I'll need to carefully think through each option.
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Evangelina
12 months ago
This looks like a question about testing types. I think I know the answer, but I'll double-check my notes just to be sure.
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Raina
12 months ago
AWS CloudTrail is used for logging and auditing, so that's not the right answer here. I'm leaning towards AWS CloudWatch or AWS SNS as the most likely options for setting up event notifications on RDS.
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