Firstly, BootcampPDF is the leading CIMA certification exam bootcamp pdf provider.

We are engaged in this area more than ten years. Our passing rate is really high especially for CIMACIMAPRO15-P01-X1-ENG. For so many years we keep our standout high-quality CIMAPRO15-P01-X1-ENG dumps pdf all the time and we are the best and always being imitated, never exceeding. Without any doubt our CIMAPRO15-P01-X1-ENG Bootcamp pdf steadily keeps valid and accurate. We are proud of our high passing rate and good reputation of CIMAPRO15-P01-X1-ENG Braindumps pdf.

Thirdly, we not only provide best CIMA CIMAPRO15-P01-X1-ENG Bootcamp pdf but also best gold service.

Before we provide you free CIMAPRO15-P01-X1-ENG demo download of bootcamp pdf for your reference. If you think it is available for your test you can purchase.

Then if you have any question about CIMAPRO15-P01-X1-ENG Bootcamp pdf before purchasing or after purchasing we will solve for you in time. Our working time is 7*24 on line, we handle every talk or email in two hours. If you have any query about Credit or downloading & using CIMAPRO15-P01-X1-ENG Bootcamp test engine we have special customer service to explain.

After purchasing we advise you to trust our CIMAPRO15-P01-X1-ENG Bootcamp pdf and just try your best to practice & mater all questions and answers you will pass exam surely. If you unfortunately fail the CIMAPRO15-P01-X1-ENG exam e provide you 100% money back guarantee. We are confident in our CIMAPRO15-P01-X1-ENG Bootcamp pdf.

Do you still have any doubt about our CIMAPRO15-P01-X1-ENG dumps pdf? Please kindly let us know, we will be pleased to accept any value comments and suggestions. Trust me once our CIMA CIMAPRO15-P01-X1-ENG Bootcamp pdf will assist you pass exams and get success!

Secondly, we guarantee all CIMAPRO15-P01-X1-ENG Bootcamp pdf are valid and accurate.

All our research experts are talent and experienced in editing study guide pdf more than ten years. These questions on CIMAPRO15-P01-X1-ENG Bootcamp pdf are selected by our professional expert team and are designed to not only test your knowledge and ensure your understanding about the technology about CIMA P1 - Management Accounting Question Tutorial but also mater the questions and answers similar with the real test. After editing the latest version of CIMAPRO15-P01-X1-ENG Bootcamp pdf our information department staff will upload the update version into the website in time. We assign specific person to check the updates and revise every day so that we guarantee all CIMAPRO15-P01-X1-ENG Bootcamp pdf we sell are valid and accurate. With our CIMAPRO15-P01-X1-ENG Bootcamp you will be sure to pass the exam and get the CIMA Certification certification (CIMAPRO15-P01-X1-ENG - P1 - Management Accounting Question Tutorial).

The fastest and most effective way for candidates who are anxious about CIMA P1 - Management Accounting Question Tutorial is purchasing the valid and latest CIMAPRO15-P01-X1-ENG Bootcamp pdf. Based on past official data we all know that the regular pass rate for CIMAPRO15-P01-X1-ENG is very low. Many candidates test again and again since the test cost for P1 - Management Accounting Question Tutorial is expensive. They are under great pressure before passing the real test without CIMAPRO15-P01-X1-ENG Bootcamp pdf. It has a big impact on their jobs and lives. So for some candidates who are not confident for real tests or who have no enough to time to prepare I advise you that purchasing valid and latest CIMA CIMAPRO15-P01-X1-ENG Bootcamp pdf will make you half the efforts double the results.

CIMA CIMAPRO15-P01-X1-ENG braindumps Instant Download: Our system will send you the CIMAPRO15-P01-X1-ENG braindumps file you purchase in mailbox in a minute after payment. (If not received within 12 hours, please contact us. Note: don't forget to check your spam.)

You are ready to purchasing CIMAPRO15-P01-X1-ENG Bootcamp pdf but you are not sure which company you can trust, are you? OK, I will introduce our advantages below:

CIMA P1 - Management Accounting Question Tutorial Sample Questions:

1. XY, a not-for-profit charity organization which is funded by public donations, is concerned that it is not making the best use of its available funds. It has carried out a review of its budgeting system and is considering
replacing the current system with a zero-based budgeting system.
Select ALL the potential advantages AND disadvantages for the charity of a zero-based budgeting system.

A) It discourages a questioning approach by focusing attention not only on the cost of the activity but on the benefits it provides. The charity managers will not articulate the benefits encouraging them to think clearly about the activities.
B) The creation of decision packages and their subsequent ranking by top management is very time consuming and costly. The charity will need to assess whether the benefits of the system outweigh the costs involved.
C) In applying traditional budgeting, 'activities' may result in functional departments rather than cross functional activities and thus distract attention from the real cost-reduction issues.
D) Preparation of the decision packages will normally require the environment of many employees. This environment may produce useful ideas and promote job satisfaction.
E) In an organization like a charity, the decision packages are not very disparate and difficult t compare.
F) It avoids the complacency inherent in the traditional incremental approach where it is assumed that future activities will be very similar to current ones.

2. A company produces three products D, E and F. The statement below shows the selling price and product costs per unit for each product, based on a traditional absorption costing system.

Each of the products is produced using Process A which has a maximum capacity of 2,500 hours per period.
If a throughput accounting approach is used, the ranking of products, in order of priority, for the profit maximizing product mix will be:

A) F, D, E
B) E, D, F
C) D, F, E
D) D, E, F

3. 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:

A) $17, 800 F
B) $55, 600 F
C) $32, 900 F
D) $15, 600 F

4. 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.
Discuss the usefulness of the planning and operational variances calculated for TP's management.
Select ALL the TRUE statements.

A) If planning and operational variances are not distinguished, there is potential for dysfunctional behavior especially where the manager has been operating efficiently and performance is being judged by factors outside the manager's control. In the case of TP it became evident during the period that the prevailing market prices for materials were significantly less than those set during the budget process.
B) The purchasing manager's performance can't be compared with the adjusted standards that reflect the conditions the manager actually operated under during the reporting period.
C) Standards that failed to anticipate known market trends when they were set will reflect faulty standard setting.
D) The use of planning and operational variances will enable TP's management to draw a distinction between variances caused by factors extraneous to the business and planning errors (planning variances) and variances caused by factors that are within the control of management (operational variances).
E) Where a revision of standards is required due to environmental changes that were not foreseeable at the time the budget was prepared, the planning variances are controllable.

5. A medium-sized manufacturing company, which operates in the electronics industry, has employed a firm of consultants to carry out a review of the company's planning and control systems. The company presently uses a traditional incremental budgeting system and the inventory management system is based on economic order quantities (EOQ) and reorder levels. The company's normal production patterns have changed significantly over the previous few years as a result of increasing demand for customized products. This has resulted in shorter production runs and difficulties with production and resource planning. The consultants have recommended the implementation of activity based budgeting and a manufacturing resource planning system to improve planning and resource management.
What are the benefits for the company that could occur following the introduction of an activity based budgeting system?
Select ALL the correct answers.

A) Activity Based Budgeting Systems present costs under functional headings i.e. the emphasis is on the nature of the cost. The weakness if this approach is that it gives little indication of the link between the level of activity and the cost incurred.
B) Under a traditional incremental budgeting system the focus is on existing resources and operations.
Adjustments are then made for changes in activity and price which results in past inefficiencies being perpetuated. Under an activity based budgeting system, only resources that are needed to perform activities required to meet the budgeted production and sales volumes are included.
C) Under an activity based budgeting system, resource allocation is linked to the strategic plan and is prepared after considering alternative strategies. This approach ensures that new activities that are required to meet the company's strategic objectives are included in the budget.
D) Activity based techniques including activity based budgeting focus on the outputs of a process rather than the input to the process. This approach provides a clear framework for understanding the link between costs and the level of activity. It allows the ranking of activities and the determination of how limited resources should be allocated across competing activities.
E) The approach under an Activity based Budgeting System is to make arbitrary cuts in order to meet overall financial targets.

Solutions: