Free CIMA CIMAPRO19-P01-1 Exam Dumps Questions & Answers

Some of the movements in a time series follow a pattern over time.
Which type of movement does NOT follow a pattern over time?

• A.  Random variation
• B.  Cyclical variation
• C.  Seasonal variation
• D.  Trend

Which of the following are examples of feedforward control?
Select ALL that apply.

• A.  Labour costs for individual jobs are forecast. The forecasts are used as the basis to determine the correct selling price to be quoted to the customer.
• B.  The sales volume for the next quarter is forecast and compared with the planned volume. If there is a forecast shortfall action is taken to correct the difference.
• C.  Actual inventory volumes are compared with planned volumes and control action is taken to correct any differences.
• D.  A target is set for the cash balance at the period end. The balance shown in the cash forecast is compared with the target and action is taken to ensure that the target balance is achieved.

A pharmaceutical company manufactures pesticides which contain highly toxic chemicals.
In the context of environmental costing, which of the following would be classified as an external failure cost?

• A.  Cost incurred in a product trial, carried out prior to product launch, as a consequence of the product failing to meet environmental standards.
• B.  Legal cost incurred in a case relating to river pollution caused by use of the company's products in nearby fields.
• C.  Clean-up cost resulting from leakage of a toxic chemical at one of the company's production plants.
• D.  Cost of employing an outsourcing company to dispose of toxic waste caused by a quality failure during routine production.

Since there is no likelihood of them receiving a pay rise in the foreseeable future, your colleagues are considering leaving their current employment and starting their own business.
When preparing the data to evaluate their decision, their current salaries would be:

• A.  Sunk costs
• B.  Opportunity costs
• C.  Incremental costs
• D.  Past costs

Find the weighted average contribution per unit using the following information:

• A.  £8
• B.  £10
• C.  £5.50
• D.  £2.50