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CIMAPRO19-P01-1 Exam - Topic 4 Question 21 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 yieldvariance?
D) The material yield variance was $175 000 A
A) The material yield variance was $98500 A
B) The material yield variance was $175500 A
C) The material yield variance was $155000 A
E) The material yield variance was $155500 A

CIMAPRO19-P01-1 Exam - Topic 4 Question 21 Discussion

Actual exam question for CIMA's CIMAPRO19-P01-1 exam
Question #: 21
Topic #: 4
[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 yieldvariance?

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Suggested Answer: D

by Gracia at May 04, 2022, 11:54 PM

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Alaine
10 months ago
I’m leaning towards $155,000, but not sure.
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Jules
10 months ago
I agree, $175,500 seems like a solid estimate!
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Princess
11 months ago
Wait, how can the variance be that high? Sounds off.
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Lenita
11 months ago
I think the yield variance is definitely higher than $100k.
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Hillary
11 months ago
The standard cost for Ingredient A is $23 per kg!
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Kami
11 months ago
I'm pretty confident this is a private cloud question. The minimum common set of controls would be the most important in a private deployment, where the organization is responsible for more of the infrastructure and security.
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Charlene
11 months ago
I'm not entirely sure, but I remember something about upcoding. Isn't that when the charges are higher than necessary?
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Christa
11 months ago
I've got this! The two bi-directional port options on a VSP G800 are the Replication-Target (RCU) and the Open Target (TAR). I'm confident in those choices.
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Theodora
11 months ago
Hmm, I'm a bit unsure about this one. The options seem similar, and I'm not entirely clear on what "continual improvement" means in this context. I'll have to think it through carefully.
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Adelle
11 months ago
I remember this point being emphasized in our study materials—how informed consent shows a good-faith effort.
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