CIMAPRO19-P01-1 Exam - Topic 4 Question 11 Discussion

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

Question #: 11
Topic #: 4

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:

Prepare a statement that reconciles the budgeted contribution with the actual contribution for October. Your statement should show the variances in as much detail as possible.

What was the actual contribution for October?

A$ 1,324,000

B$ 1,414,000

C$ 1,594,000

D$ 1,494,000

E$ 1,198,000

Show Suggested Answer

Suggested Answer: B

References:

by Cristy at May 07, 2022, 01:43 PM

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Silvana

10 months ago

I think it might be higher, like $1,594,000.

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Tori

10 months ago

Actual contribution should be around $1,494,000 based on my calculations.

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Chaya

10 months ago

Wait, how did they manage to keep costs so low with high-quality materials?

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Jennie

11 months ago

Totally agree, that price is solid for quality goods!

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Cammy

11 months ago

The standard selling price is $10, right?

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Lizbeth

11 months ago

Hmm, I'm not sure about this one. I'll need to review the documentation on plug-in isolation modes to make sure I understand the differences before deciding.

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Adela

11 months ago

This is tricky, but I'm pretty sure it's a data flow diagram. The different processes and data flows make me think that's the correct choice here.

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Katlyn

11 months ago

Hmm, I'm a bit unsure about the specific technologies mentioned here. I'll need to think through the concepts carefully.

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