CIMA P1 - Management Accounting Question Tutorial : CIMAPRO15-P01-X1-ENG valid dump

CIMAPRO15-P01-X1-ENG
  • Exam Code: CIMAPRO15-P01-X1-ENG
  • Exam Name: P1 - Management Accounting Question Tutorial
  • Updated: Oct 08, 2026
  • Q & A: 67 Questions and Answers

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CIMA CIMAPRO15-P01-X1-ENG Exam Syllabus Topics:

SectionWeightObjectives
Risk and Uncertainty in the Short Term15%- Techniques for dealing with uncertainty
- Risk management tools and concepts
Short-Term Commercial Decision-Making30%- Limiting factors and CVP analysis
- Relevant costing and contribution analysis
Cost Accounting for Decision and Control30%- Rationale for costing
- Costing methods and analysis techniques
- Application of costing to decisions
Budgeting and Budgetary Control25%- Purpose and preparation of budgets
- Budgetary control processes

CIMA P1 - Management Accounting Question Tutorial Sample Questions:

Question #1


Calculate the sensitivity of the investment decision to a change in the annual fixed costs.
By how much should the present value of the fixed cost increase, before this project is not viable?

  • A. $6390
  • B. $9050
  • C. $8675
  • D. $7698
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #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 traditional contribution approach is used, the ranking of products, in order of priority, for the profit maximizing product mix will be:

  • A. F, D, F
  • B. E, D, F
  • C. D, E, F
  • D. D, E, F
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

Question #3

A healthcare company specializes in hip, knee and shoulder replacement operations, known as surgical procedures. As well as providing these surgical procedures the company offers pre operation and post operation in-patient care, in a fully equipped hospital, for those patients who will be undergoing the surgical procedures.
Surgeons are paid a fixed fee for each surgical procedure they perform and an additional amount for any follow-up consultations. Post procedure follow-up consultations are only undertaken if there are any complications in relation to the surgical procedure. There is no additional fee charged to patients for any follow up consultations. All other staff are paid annual salaries.
The company's existing costing system uses a single overhead rate, based on revenue, to charge the costs of support activities to the procedures. Concern has been raised about the inaccuracy of procedure costs and the company's accountant has initiated a project to implement an activity-based costing (ABC) system. The project team has collected the following data on each of the procedures.

Calculate the profit per procedure for each of the three procedures using activity-based costing.
What was the profit for the knee procedure, using ABC costing?

  • A. $2305
  • B. $1808
  • C. $781
  • D. $2466
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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Question #4

The term 'budgetary slack' refers to the:

  • A. Intentional over estimation of costs and/or under estimation of revenue in a budget
  • B. Difference between the budgeted output and the actual output
  • C. Lead time between the preparation of the functional budgets and the approval of the master budget by senior management
  • D. Difference between budgeted capacity utilization and full capacity
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #5

XY can choose from four mutually exclusive projects. The projects will each last for one year and their net cash inflows will be determined by market conditions. The forecast net cash inflows for each of the possible outcomes are shown below.

If the company applies the maximax criterion the project chosen would be:

  • A. Project A
  • B. Project B
  • C. Project D
  • D. Project C
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

Explanation: Only visible for Actual4Dumps members. You can sign-up / login (it's free).

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