CIMAPRO19-P01-1 Exam - Topic 9 Question 61 Discussion

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

Question #: 61
Topic #: 9

[All CIMAPRO19-P01-1 Questions]

When preparing data for a short term decision, which THREE of the following are relevant costs?

ADifferential costs

BIncremental cost

CUnavoidable costs

DOpportunity costs

ECommitted costs

Show Suggested Answer

Suggested Answer: A, B, D

by Audra at Nov 21, 2022, 02:16 PM

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Colby

4 months ago

Opportunity costs are a must to consider!

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Cathern

4 months ago

Wait, are committed costs really considered? That seems off.

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Kelvin

4 months ago

Unavoidable costs? Not really relevant for short-term decisions.

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Rolf

4 months ago

I agree, incremental costs matter too.

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Sherman

4 months ago

Differential costs are definitely relevant!

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Mari

5 months ago

I feel like I should know this, but I’m torn between unavoidable costs and committed costs. I just remember they don’t really change with decisions.

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Tracey

5 months ago

I practiced a similar question last week, and I think differential and incremental costs are both relevant, but I can't recall if committed costs apply here.

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Danica

5 months ago

I think opportunity costs are definitely relevant, but I’m a bit confused about unavoidable costs. Aren't they usually considered sunk costs?

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Elvis

5 months ago

I remember that relevant costs are those that will change based on the decision made, but I'm not sure about the difference between differential and incremental costs.

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Luis

5 months ago

This is a lot to take in, but I feel confident I can come up with a solid approach. I'll need to carefully consider the scale and volume of data involved.

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Dyan

5 months ago

Hmm, I'm not totally sure about this one. The options seem a bit similar, so I'll have to think it through carefully. Maybe I should review the material on payment methods again before answering.

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