CIMA P1 問題集

質問 1：
CH is a building supplies company that sells products to trade and private customers.
Budget data for each of the six months to March are given below:

80% of the value of credit sales is received in the month after sale, 10% two months after sale and 8% three months after sale. The balance is written off as a bad debt.
75% of the value of credit purchases is paid in the month after purchase and the remaining 25% is paid two months after purchase.
All other operating costs are paid in the month they are incurred.
CH has placed an order for four new forklift trucks that will cost $25,000 each. The scheduled payment date is in February.
The cash balance at 1 January is estimated to be $15,000.
Prepare a cash budget for each of the THREE months of January, February and March.
Select All the correct answers.
A. The total payments in February will be $405 000
B. Total payments in March will be $323 000
C. The total receipts in January will be $320 000
D. The total receipts in January will be $245 000
正解：B,C

質問 2：
A company manufactures a single product and absorbs fixed production overheads at a predetermined rate based on budgeted expenditure and budgeted units.
Which TWO of the following would definitely lead to an over absorption of fixed production overheads?
A. Actual fixed production overhead expenditure is higher than budgeted and production units are as budgeted.
B. Actual number of units produced are greater than actual units sold and the actual fixed production overhead expenditure is as budgeted.
C. The actual number of units produced are greater than budgeted and the actual fixed production overhead expenditure is as budgeted.
D. The actual number of units produced are less than budgeted and the actual fixed production overhead expenditure is higher than budgeted.
E. Actual fixed production overhead expenditure is less than budgeted and production units are as budgeted.
正解：C,E

質問 3：
A company has budgeted to produce 5,000 units of Product B per month. The opening and closing inventories of Product B for next month are budgeted to be 400 units and 900 units respectively. The budgeted selling price and variable production costs per unit for Product B are as follows:

Total budgeted fixed production overheads are $29,500 per month. The company absorbs fixed production overheads on the basis of the budgeted number of units produced. The budgeted profit for Product B for next month, using absorption costing, is $20,700.
Prepare a marginal costing statement which shows the budgeted profit for Product B for next month.
What was the difference between the profit calculation using marginal costing and the profit calculation using absorption costing?
A. $2950
B. $2750
C. $3610
D. $3010
E. $2870
正解：A

質問 4：
An ice cream manufacturer experiences regular fluctuations in sales.
Which component in a time series do these fluctuations represent?
A. Basic trend
B. Cyclical variation
C. Random fluctuation
D. Seasonal variation
正解：D

質問 5：
Which THREE of the following statements about different costing systems are correct?
A. Over-absorption of fixed production overhead is caused by actual sales exceeding budgeted sales.
B. In a period during which finished goods inventory levels fall, profit using marginal costing will be higher than if absorption costing is used.
C. Contribution per unit is the selling price per unit minus the variable costs per unit.
D. When valuing inventory using throughput costing, the direct labour cost is excluded.
E. Finished goods inventory will be assigned a higher value using throughput costing than absorption costing.
正解：B,C,D

質問 6：
GP is launching a new product. The annual forecast costs are as follows:

What is the expected value of the total costs?
Give your answer to the nearest whole $.
正解：
$36935