CIMAPRO19-P01-1 Exam - 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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Antonio

3 months ago

C sounds right too, but I guess it depends on the context!

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Mariann

3 months ago

Really? I thought standard costing was more about efficiency than quality.

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Delila

3 months ago

Wait, isn't D also kind of true?

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Ronald

4 months ago

Totally agree with A, it makes sense!

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Annmarie

4 months ago

A is true, standard costing works best in stable environments.

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Salley

4 months ago

I recall that continual improvement is a key concept in many costing methods, so D could be a possibility, but I'm still unsure.

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Georgeanna

4 months ago

I practiced a question similar to this, and I think standard costing does focus on efficiency rather than just quality, so C seems off too.

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Alecia

4 months ago

I'm not entirely sure, but I feel like standard costing isn't really about zero defects, so B might be wrong.

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Hollis

5 months ago

I think I remember that standard costing is often used in stable environments, so maybe A is the right choice?

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Erasmo

5 months ago

Ah, I remember learning about this in class. I think standard costing is all about maintaining consistency and efficiency, so option A sounds right to me.

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Reena

5 months ago

Okay, let me see. I know standard costing is used to control costs, but I'm not sure about the other details. I'll just make an educated guess and go with option C.

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Justine

5 months ago

Hmm, this is a tricky one. I'm not sure if standard costing is really focused on achieving zero defects or delivering quality products. I'll have to think about this a bit more.

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Julianna

5 months ago

I'm pretty confident about this one. I think standard costing is best suited to a stable environment, so I'll go with option A.

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Clemencia

5 months ago

I think I know the formula for basic earnings per share, but I want to double-check the details in the IAS 33 standard to make sure I have it right.

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Tiffiny

5 months ago

I feel like there's a reference about being inventory-neutral, which might be C. I need to double-check my notes before I decide.

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Jackie

5 months ago

The Authenticated Service Site User license sounds like it could work, but I'm not totally confident. I'll need to double-check the details of each option to make sure I select the right one.

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Adria

5 months ago

I've got a strategy for tackling these types of questions. Let me walk through it step-by-step.

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Florencia

5 months ago

The key is to focus on the overall philosophy of Beyond Budgeting, which emphasizes decentralized decision-making and adaptive management. I think option D captures that best.

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Dominque

10 months ago

I'm just hoping the exam doesn't have any trick questions that are as confusing as a Rubik's Cube with missing stickers.

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Bethanie

9 months ago

C) Standard costing is focused on delivering quality products to customers.

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Harley

9 months ago

B) Standard costing is focused on achieving zero defects.

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Willard

9 months ago

A) Standard costing is best suited to a stable environment.

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Barrett

10 months ago

Standard costing is so old-school, it's practically a dinosaur. But hey, at least it's not as extinct as the dodo, right?

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Brittni

10 months ago

D sounds like a trick question. Standard costing is a bit rigid and doesn't really embrace continuous improvement.

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Johnetta

9 months ago

C) Standard costing is focused on delivering quality products to customers.

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Lauran

9 months ago

B) Standard costing is focused on achieving zero defects.

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Willard

9 months ago

A) Standard costing is best suited to a stable environment.

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Salome

10 months ago

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

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Yoko

10 months ago

I agree, standard costing is more about cost control than customer satisfaction.

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Ozell

10 months ago

A) Standard costing is best suited to a stable environment.

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Kimbery

10 months ago

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

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Lezlie

10 months 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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Caitlin

10 months ago

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

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Clarinda

11 months 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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Sheldon

9 months ago

C is the correct answer. Standard costing is focused on delivering quality products to customers.

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Xenia

9 months ago

I believe D is the correct answer. Standard costing embraces the philosophy of continual improvement.

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Lasandra

10 months ago

I think B might be the correct answer. Achieving zero defects seems like a key focus in standard costing.

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Kip

10 months ago

I agree, A is the correct answer. Standard costing is indeed best suited to a stable environment.

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Kimbery

11 months ago

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

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