CIMA P1 問題集

質問 1：
D3 makes 2 types of toilets - the Executive (Ex) and the Classic (CI). Direct labour costs $6 per hr and overheads are absorbed on a machine hour basis. The overhead absorption rate for the period is $28 per machine hour. What is the traditional cost per unit for (Ex) and (CI)?

A. (Ex) 65, (CI) 49
B. (Ex) 63, (CI) 48
C. (Ex) 58, (CI) 53
D. (Ex) 62, (CI) 52
E. (Ex) 60, (CI) 56
正解：A

質問 2：
Which of the following would cause an adverse fixed overhead volume variance?
A. Actual expenditure was higher than budgeted
B. Actual expenditure was lower than budgeted
C. Actual output was higher than budgeted
D. Actual output was lower than budgeted
正解：D

質問 3：
A major company sells a range of electrical, clothing and homeware products through a chain of department stores. The main administration functions are provided from the company's head office. Each department store has its own warehouse which receives goods that are delivered from a central distribution center.
The company currently measures profitability by product group for each store using an absorption costing system. All overhead costs are charged to product groups based on sales revenue. Overhead costs account for approximately one-third of total costs and the directors are concerned about the arbitrary nature of the current method used to charge these costs to product groups.
A consultant has been appointed to analyses the activities that are undertaken in the department stores and to establish an activity based costing system.
The consultant has identified the following data for the latest period for each of the product groups for the X Town store:

Calculate the total profit for each of the product groups:
.... using the current absorption costing system;
A. The profit or loss in $ was.... Clothing 122; Electrical 56; Homeware (178)
B. The profit or loss in $ was.... Clothing 85; Electrical 36; Homeware (28)
C. The profit or loss in $ was.... Clothing (175); Electrical 86; Homeware 22
D. The profit or loss in $ was.... Clothing 192; Electrical (56); Homeware 148
正解：D

質問 4：
A master budget comprises the...
A. budgeted income statement, budgeted balance sheet and budgeted cash flow statement only.
B. budgeted income statement and budgeted cash flow statement only.
C. budgeted income statement and budgeted capital expenditure only
D. budgeted income statement and budgeted balance sheet only.
正解：A

質問 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.
How will a manufacturing resource planning system improve the planning of purchases and production for the company?
Select ALL the correct answers.
A. The technique will not enable managers to track orders through the manufacturing process and will not assist the purchasing and production control departments to move the right amount of material or sub-assemblies at the right time to the right place.
B. It seeks to ensure that resources are available just before they are needed by the next stage of production or dispatch. It also seeks to ensure that resources are delivered only when required so that raw material inventory is kept to a minimum.
C. The traditional approach to determine material requirements is to monitor inventories constantly; whenever they fall to a predetermined level, a preset order is placed to replenish them. This traditional approach (involving re-order levels and economic order quantity calculations originates in the pre- computer era.
D. A manufacturing resource planning approach to the management of all the company's manufacturing resources including inventory, labour and machine capacity.
E. The correct inventory management system relies on the assumption that there is constant demand.
An MRP system begins with the setting of a master production schedule specifying both the timing and quantity demanded of each of the finished goods items and then works backwards to determine the resource requirements at each stage of the production process.
F. It aims to generate an estimation of materials requirements after taking account of the number of employees quality and waste. The TQS model can be used within MRP provided that the major assumption in the TQS model of constant demand applies.
正解：B,C,D,E

質問 6：
A company manufactures a single product. The company absorbs fixed production overhead using a pre- determined rate per unit.
The following data applies for month 7:

During month 7 fixed production overhead was over absorbed by $40,000.
What was the actual number of units produced during month 7?
A. 16,000
B. 14,000
C. 8,000
D. 6,000
正解：A