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CIMAPRO19-P01-1 Exam Questions

Exam Name: P1 Management Accounting
Exam Code: CIMAPRO19-P01-1
Related Certification(s): CIMA Professional Qualification Certification
Certification Provider: CIMA
Number of CIMAPRO19-P01-1 practice questions in our database: 260 (updated: Mar. 10, 2025)
Expected CIMAPRO19-P01-1 Exam Topics, as suggested by CIMA :
  • Topic 1: Determine causality in cost function estimates and impact on budgets/ Identify inventory costs and period costs
  • Topic 2: Determine the activity that causes the change in cost/ Understand the difference between variable costs and fixed costs
  • Topic 3: Understand relevant cash flows and their use in pricing decisions/ Calculate the costs for products or services using activity-based costing
  • Topic 4: Calculate the breakeven point and output level required to meet income targets/ Understand costing and the different reasons for calculating costs
  • Topic 5: Understand the impact of individuals’ risk attitudes on decision-making in the short term/ Understand the difference between direct costs and indirect costs
  • Topic 6: Calculate revenue and cost estimates using quantitative analyses/ Calculate and interpret overall flexed budget variances
  • Topic 7: Understand relevant cash flows and non-financial factors and how it affects make or buy decisions/ Understand the strategic implications of short-term decision-making
  • Topic 8: Understand how budgets can help energize and motive individuals and teams/ Recognise how management accountants help make tactical business decisions
  • Topic 9: Calculate subdivision of total usage/efficiency variances into mix and yield variances/ Use material, labour, variable overhead, fixed overhead and sales variances
  • Topic 10: Establish manufacturing standards for material, labour, variable overhead and fixed overhead/ Understand the difference between financial accounting and cost accounting
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Mattie

18 days ago
P1 exam conquered! Pass4Success, your practice tests were a game-changer. Thanks for the efficient prep!
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Trinidad

2 months ago
CIMA P1 success! Pass4Success questions were key to my quick prep. Couldn't have done it without you!
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Ben

2 months ago
I passed the CIMA P1 exam, and the Pass4Success practice questions were a big help. One tricky question was about the theory and practice of standard costing, particularly how to set and revise standards. I was unsure, but I made it through!
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Vernice

2 months ago
Passed CIMA P1 with flying colors! Pass4Success, your prep materials are worth their weight in gold.
upvoted 0 times
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Adelle

3 months ago
Excited to share that I passed the CIMA P1 exam. The Pass4Success practice questions were crucial in my preparation. A challenging question was about the developments in management accounting, specifically the impact of technology on management accounting practices. I wasn't sure, but I passed!
upvoted 0 times
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Dawne

3 months ago
P1 certified! Pass4Success, you're the real MVP. Your questions made all the difference.
upvoted 0 times
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Crissy

4 months ago
I passed the CIMA P1 exam, and the Pass4Success practice questions were invaluable. One question that puzzled me was about the basic aspects of management accounting, particularly the differences between financial and management accounting. Despite my doubts, I passed!
upvoted 0 times
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Geraldo

4 months ago
Happy to announce that I passed the CIMA P1 exam. The Pass4Success practice questions were a great help. There was a question on budgetary control that asked about the different types of budgetary control systems and their effectiveness. It was tough, but I managed to pass!
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Ivan

4 months ago
Nailed the P1 Management Accounting exam! Pass4Success questions were eerily similar to the real thing.
upvoted 0 times
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Lina

5 months ago
I passed the CIMA P1 exam, thanks to the Pass4Success practice questions. A difficult question asked about the role of responsibility centres and how transfer pricing can impact performance evaluation. I wasn't entirely confident, but I still passed!
upvoted 0 times
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Tomoko

5 months ago
I’m thrilled to share that I passed the CIMA P1 exam. The Pass4Success practice questions were essential in my preparation. One challenging question was about the theory and practice of budgeting, specifically the advantages and disadvantages of different budgeting methods. I wasn't sure about my answer, but I succeeded!
upvoted 0 times
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Lorrie

5 months ago
CIMA P1 done and dusted! Pass4Success materials were a lifesaver. Prep time cut in half!
upvoted 0 times
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Kristal

6 months ago
Just passed the CIMA P1 exam! The Pass4Success practice questions were a lifesaver. There was a tricky question on how to apply standard costing techniques to evaluate performance, which had me second-guessing myself. But I made it through!
upvoted 0 times
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Rikki

6 months ago
Thank you Pass4Success for the excellent exam preparation materials! Your practice questions were spot-on and helped me pass the CIMA P1 exam in record time. Highly recommended!
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Aliza

6 months ago
I recently passed the CIMA P1 Management Accounting exam, and I must say, the Pass4Success practice questions were incredibly helpful. One question that stumped me was about the different types of cost accounting systems and their applications in various industries. Despite my uncertainty, I managed to pass!
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Larae

6 months ago
Just passed the CIMA P1 exam! Thanks Pass4Success for the spot-on practice questions. Saved me so much time!
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Garry

7 months ago
Thanks to Pass4Success practice questions, I was able to pass my CIMA P1 Management Accounting exam. The exam tested my knowledge on topics like identifying inventory costs and period costs, as well as determining causality in cost function estimates. One question that stood out to me was about the impact of fixed costs on budgeting decisions, which required a thorough understanding of cost behavior.
upvoted 0 times
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Pamella

8 months ago
My exam experience for CIMA P1 Management Accounting was successful as I passed with the assistance of Pass4Success practice questions. The exam included topics such as determining the activity that causes the change in cost and understanding the difference between variable costs and fixed costs. I remember a question that asked about the impact of inventory costs on budgets, which was a bit tricky, but I was able to work through it.
upvoted 0 times
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Dusti

9 months ago
Just passed the CIMA P1 exam! Watch out for questions on cost behavior and breakeven analysis. You might encounter problems asking to calculate contribution margin or breakeven point. Make sure you understand fixed vs. variable costs and their impact on decision-making. Thanks to Pass4Success for the spot-on practice questions that helped me prepare efficiently!
upvoted 0 times
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Cecily

9 months ago
I passed my CIMA P1 Management Accounting exam with the help of Pass4Success practice questions. The exam covered topics like determining causality in cost function estimates and identifying inventory costs. One question that I was unsure of was related to the difference between variable costs and fixed costs, but I managed to answer it correctly.
upvoted 0 times
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Free CIMA CIMAPRO19-P01-1 Exam Actual Questions

Note: Premium Questions for CIMAPRO19-P01-1 were last updated On Mar. 10, 2025 (see below)

Question #1

A company uses a standard costing system.

The company's sales budget for the latest period includes 1,500 units of a product with a selling price of $400 per unit.

The product has a budgeted contribution to sales ratio of 30%.

Actual sales for the period were 1,630 units at a selling price of $390 per unit.

The actual contribution to sales ratio was 28%.

The sales volume contribution variance for the product for the latest period is:

Reveal Solution Hide Solution
Correct Answer: A

References:


Question #2

A company produces a product that requires two materials, Material A and Material B. Details of the material quantities and costs for August are given in the table below.

Budgeted and actual output of the product for August was 12,000 units.

The material yield variance for August is:

Reveal Solution Hide Solution
Correct Answer: C

References:


Question #3

A flexible budget is a budget that is:

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Correct Answer: C

References:


Question #4

A company uses a standard costing system.

The company's sales budget for the latest period includes 1,500 units of a product with a selling price of $400 per unit.

The product has a budgeted contribution to sales ratio of 30%.

Actual sales for the period were 1,630 units at a selling price of $390 per unit.

The actual contribution to sales ratio was 28%.

The sales volume contribution variance for the product for the latest period is:

Reveal Solution Hide Solution
Correct Answer: A

References:


Question #5

A flexible budget is a budget that is:

Reveal Solution Hide Solution
Correct Answer: C

References:


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