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CIMAPRO19-P02-1 Exam

Certification Provider: CIMA
Exam Name: P2 Advanced Management Accounting
Number of questions in our database: 202
Exam Version: Apr. 02, 2024
CIMAPRO19-P02-1 Exam Official Topics:
  • Topic 1: Discuss various approaches to the performance and control of organisations/ Managing the Costs of Creating Value
  • Topic 2: Analyse risk and uncertainty associated with medium-term decision-making/ Compare and contrast quality management methodologies
  • Topic 3: Explain the behavioural and transfer pricing issues related the management of responsibility centres
  • Topic 4: Revise and practice questions under exam conditions/ Apply the data required for decision-making
  • Topic 5: Analyse the performance of responsibility centres and prepare reports/ Capital Investment Decision Making
  • Topic 6: Explain the steps and pertinent issues in the decision-making process/ Analyse types of risk in the medium term
  • Topic 7: Apply cost management and cost transformation methodology to manage costs and improve profitability
  • Topic 8: Apply value management techniques to manage costs and improve value creation/ Apply investment appraisal techniques to evaluate different projects
  • Topic 9: Managing and Controlling the Performance of Organizational Units/ Discuss pricing strategies
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Free CIMA CIMAPRO19-P02-1 Exam Actual Questions

The questions for CIMAPRO19-P02-1 were last updated On Apr. 02, 2024

Question #1

Which of the following statements is TRUE about the activity based costing system when compared to absorption costing method?

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Correct Answer: C

Question #2

Endure Co. makes 1,000 units ofX and 2,000 units of Y.

Costs for X: Material $4, labour $8, direct overhead $2, fixed cost $4.

Costs for Y: Material $9, labour $9, direct overhead $4, fixed cost $6.

Selling price for X and Y are S19 and $25 respectively. Another company can sell ready made product X and product Y's to Endure Co, this company sells X at $12 and Y at $21. Advise Endure Co. on what would be the

most cost effective way to source products X and Y.

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Correct Answer: A

Question #3

Which of the following are TRUE about the theory of constraints? Select ALL that apply.

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Correct Answer: A, C, D

Question #4

Endure Co. makes 1,000 units ofX and 2,000 units of Y.

Costs for X: Material $4, labour $8, direct overhead $2, fixed cost $4.

Costs for Y: Material $9, labour $9, direct overhead $4, fixed cost $6.

Selling price for X and Y are S19 and $25 respectively. Another company can sell ready made product X and product Y's to Endure Co, this company sells X at $12 and Y at $21. Advise Endure Co. on what would be the

most cost effective way to source products X and Y.

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Correct Answer: A

Question #5

TTR Ltd plans to purchase a new plant for $1,000m on the 1st of January 20X6. The annual sales expected from the production of this plant is S400m per year. The plant has an expected life of five years. The financial accountant has computed the NPV of the project at $61.42m considering a discount rate of 10%. The marketing director wants to know the percentage drop in revenue that the sales team can afford before the project becomes unviable. Which of the following indicates the percentage required by the marketing

director?

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Correct Answer: A


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