Most Recent CIMAPRO19-P01-1 Exam Dumps

Prepare for the CIMA P1 Management Accounting exam with our extensive collection of questions and answers. These practice Q&A are updated according to the latest syllabus, providing you with the tools needed to review and test your knowledge.

QA4Exam focus on the latest syllabus and exam objectives, our practice Q&A are designed to help you identify key topics and solidify your understanding. By focusing on the core curriculum, These Questions & Answers helps you cover all the essential topics, ensuring you're well-prepared for every section of the exam. Each question comes with a detailed explanation, offering valuable insights and helping you to learn from your mistakes. Whether you're looking to assess your progress or dive deeper into complex topics, our updated Q&A will provide the support you need to confidently approach the CIMAPRO19-P01-1 exam and achieve success.

The questions for CIMAPRO19-P01-1 were last updated on Apr 22, 2026.

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Question No. 1

Which of the following explain why standard costing is less appropriate in the contemporary business environment?

1. In a continuous improvement environment standard costing can restrict the impetus to remain as cost competitive as rivals.

2. Fixed overhead variances are less relevant as fixed costs represent a decreasing proportion of total manufacturing cost.

3. In a just-in-time environment there are fewer costs to control.

A1 only

B1 and 2

C2 and 3

D1 and 3

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Correct Answer: A

Question No. 2

A company is forecasting sales volume using time series analysis. The following equation has been derived from past data and is considered to be a reliable predictor of future sales volume:

y = 20,000+80x

Where y is the total sales units each quarter and x is the time period (the first quarter of year 1 is time period 1).

The following set of seasonal variations for each quarter has been calculated using the additive model.

What is the forecast sales units for the second quarter of year 3?

A21,200

B20,400

C21,520

D20,720

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Correct Answer: A

Question No. 3

Which THREE of the following are functional budgets?

AHuman resource budget

BSales budget

CResearch and development budget

DMaster budget

ECash budget

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Correct Answer: A, B, C

Question No. 4

RST is preparing a quotation, on a relevant cost basis, for a special order.

Which TWO of the following are relevant costs that should be included in the quotation?

A$2,000 disposal costs which would be saved when obsolete materials are used for the special order.

BThe cost of a manager who is seconded from a different division to manage the special order. The manager is paid a fixed salary.

CDepreciation charges relating to equipment that will be used on the special order.

DThe reduction in the resale value of machinery, due to be sold immediately, but now to be used to produce the special order.

EThe cost of materials, as determined by the inventory system, that are currently in inventory but are used regularly on other products.

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Correct Answer: A, D

Question No. 5

A snowboard manufacturer is considering investing in technology that will give a good indication of how heavy snowfall will be in the future. The predictions tend to be reasonably accurate.

The current budgeted profit for the year is 2,560,000 but if they invest in this technology and it works, the expected profit will be 2,640,000. The manufacturer is willing to invest a maximum of 40,000 into the venture.

What is the expected profit if the investment is NOT made?

A2,560,000

B2,640,000

C2,520,000

D2,600,000

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Correct Answer: D

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