CIMA Exam CIMAPRO19-P01-1 Topic 2 Question 84 Discussion

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

Question #: 84
Topic #: 2

[All CIMAPRO19-P01-1 Questions]

Which of the following statements is true?

AStandard costing is best suited to a stable environment.

BStandard costing is focused on achieving zero defects.

CStandard costing is focused on delivering quality products to customers.

DStandard costing embraces the philosophy of continual improvement.

Show Suggested Answer

Suggested Answer: C

References:

by Marguerita at Apr 11, 2024, 03:17 AM

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1 days ago

I'm not sure C is right. Standard costing is focused on cost, not necessarily customer satisfaction or quality.

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3 days ago

Hmm, that makes sense too. Standard costing should adapt to changes for improvement.

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3 days ago

B seems a bit off. Standard costing is more about cost control than quality. That's a different management approach.

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5 days ago

I disagree, I believe the answer is D) Standard costing embraces the philosophy of continual improvement.

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7 days ago

I think A is the correct answer. Standard costing works best in a stable, predictable environment where costs are more easily controlled.

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13 days ago

I think the answer is A) Standard costing is best suited to a stable environment.

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