CIMAPRO19-P01-1 Exam - Topic 4 Question 102 Discussion

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

Question #: 102
Topic #: 4

[All CIMAPRO19-P01-1 Questions]

The budgetary control report of XYZ for the latest period is shown below. Variances in brackets are adverse.

What is the sales volume profit variance?

A$18,700 favorable

B$78,900 adverse

C$38,200 adverse

D$37,200 adverse

Show Suggested Answer

Suggested Answer: D

by Lynette at Oct 24, 2024, 07:30 PM

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Alfreda

8 months ago

I agree with the $38,200 adverse. Looks right based on the report.

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Rodolfo

8 months ago

I’m not sure about the $78,900 adverse option. Seems too high.

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Erinn

8 months ago

Wait, how can it be $18,700 favorable? That seems off.

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Irma

8 months ago

Definitely $37,200 adverse! Makes sense with the numbers.

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Christiane

9 months ago

I think the sales volume profit variance is $38,200 adverse.

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Casie

9 months ago

I think the answer could be $37,200 adverse, but I’m not completely confident. I need to double-check my calculations.

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Thad

9 months ago

I feel like I might be overthinking this. I remember something about how to adjust for fixed and variable costs, but I can’t recall the exact steps.

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King

9 months ago

This question seems similar to one we did in class about variances. I think the adverse variances might be affecting the profit calculation.

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Skye

9 months ago

I remember we practiced calculating sales volume profit variance, but I’m not sure if I got the formula right.

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Gilma

9 months ago

I've got this! The sales volume profit variance is clearly listed as $38,200 adverse, so the answer is C.

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Frank

9 months ago

The sales volume profit variance is the key piece of information they're asking for. I just need to find that number in the data and select the corresponding answer.

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Jamal

9 months ago

Ugh, variance analysis is not my strong suit. I'll have to really focus on breaking this down step-by-step.

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Dalene

9 months ago

Okay, let me take a closer look at the data here. I want to make sure I understand the different variances before I jump to an answer.

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Bea

10 months ago

Hmm, this looks like a straightforward variance analysis question. I think I can handle this one.

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Katie

1 year ago

I heard the accountants at XYZ are so good, they can make a profit variance disappear faster than a magic trick! Now, where's my calculator?

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Long

1 year ago

I'm not sure, but they better start working on a plan to address it.

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Walton

1 year ago

Do you think XYZ will be able to recover from such a large adverse variance?

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Helga

1 year ago

I know, it's crazy how much it can impact the overall budget.

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Ammie

1 year ago

Wow, that sales volume profit variance is huge!

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Noah

1 year ago

Okay, let me see here... The sales volume profit variance is $37,200 adverse. Wow, I really need to brush up on my budgetary control report reading skills!

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Vashti

1 year ago

Gwen: Thanks for the encouragement, I'll keep working on it.

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Gwen

1 year ago

User 2: Yeah, it takes practice to get the hang of it.

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Lashon

1 year ago

User 1: Don't worry, budget reports can be tricky to understand sometimes.

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Leota

1 year ago

Aha! The sales volume profit variance is $78,900 adverse. That's the one in the brackets, right? I'm pretty confident about this one.

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Cherry

1 year ago

You nailed it! The sales volume profit variance is $78,900 adverse.

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Kathrine

1 year ago

That's right, it's the one in brackets. Good job on identifying it!

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King

1 year ago

Yes, you are correct. The sales volume profit variance is indeed $78,900 adverse.

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Henriette

1 year ago

Wait, is this a trick question? I thought the sales volume profit variance was supposed to be favorable, not adverse. Hmm, I better double-check my work.

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Ona

1 year ago

Merissa: Let's review the calculations again to be sure.

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Fernanda

1 year ago

User 3: I'm pretty sure it's D) $37,200 adverse.

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Merissa

1 year ago

User 2: No, I believe it's C) $38,200 adverse.

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Marcelle

1 year ago

User 1: I think the answer is B) $78,900 adverse.

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Judy

1 year ago

The sales volume profit variance is clearly $38,200 adverse, as shown in the report. Choice C is the correct answer.

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Melissia

1 year ago

That's correct, it's clearly shown in the report.

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Lakeesha

1 year ago

I agree, the sales volume profit variance is $38,200 adverse.

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But the sales volume profit variance is calculated by multiplying the actual sales volume by the difference between the actual profit per unit and the budgeted profit per unit. So, I still think it's B.

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Tegan

1 year ago

I disagree, I believe the correct answer is C) $38,200 adverse.

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Darnell

1 year ago

I think the answer is B) $78,900 adverse.

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