CIMA P1 問題集

質問 1：
You are a management accounting working for a car manufacturer. The company is publicly listed and has been around for many years.
The company produces 2 products. Car 1 and Car 2. Car 1 sells for £20,000 and Car 2 for £27,000.
Car 1 can be upgraded post production to the 1ZC model for £5,000 and Car 2 to the 2ZC model for
£3,500.
Post production upgrade the 1ZC sells for £25,500 and the 2ZCfor £30,000.
The company sources all of its supplies for the same supplier and has access to a large workforce. As a result there are no bottlenecks or limiting factors to production.
Based on the information above the company should...
A. Upgrade both models
B. Upgrade Car 1 but not Car 2
C. Upgrade Car 2 but not Car 1
D. Keep both Cars as base models
正解：B

質問 2：
RT produces two products from different quantities of the same resources using a just-in-time (JIT) production system. The selling price and resource requirements of each of the products are shown below:

Market research shows that the maximum demand for products R and T during June 2010 is 500 units and 800 units respectively. This does not include an order that RT has agreed with a commercial customer for the supply of 250 units of R and 350 units of T at selling prices of $100 and $135 per unit respectively. Although the customer will accept part of the order, failure by RT to deliver the order in full by the end of June will cause RT to incur a $10,000 financial penalty. At a recent meeting of the purchasing and production managers to discuss the production plans of RT for June, the following resource restrictions for June were identified: Direct labour hours 7,500 hours Material A 8,500 kgs Material B 3,000 litres Machine hours 7,500 hours (Refer to previous 2 questions.) You have now presented your optimum production plan to the purchasing and production managers of RT. During your presentation it became clear that the predicted resource restrictions were rather optimistic. In fact, the managers agreed that the availability of all of the resources could be as much as
10% lower than their original predictions.
Assuming that RT completes the order with the commercial customer, and using linear programming, show the optimum production plan for RT for June 2010 on the basis that the availability of all resources is 10% lower than originally predicted.
A. The optimal plan is to produce 510 units of Product R and 720 units of product T in addition to the contract.
B. The optimal plan is to produce 500 units of Product R and 550 units of product T in addition to the contract.
C. The optimal plan is to produce 520 units of Product R and 620 units of product T in addition to the contract.
D. The optimal plan is to produce 560 units of Product R and 670 units of product T in addition to the contract.
E. The optimal plan is to produce 550 units of Product R and 650 units of product T in addition to the contract.
F. The optimal plan is to produce 450 units of Product R and 690 units of product T in addition to the contract.
正解：B

質問 3：
In a manufacturing company, breakeven occurs at which TWO of the following?
A. When profit is equal to zero
B. When contribution is equal to zero
C. When revenue is equal to fixed costs
D. When revenue is equal to contribution
E. When fixed costs are equal to contribution
正解：A,E

質問 4：
A university is trying to decide whether or not to advertise a new post-graduate degree programme. The number of students starting the programme is dependent on economic conditions. If conditions are poor, it is expected that the programme will attract 40 students without advertising. There is a 60% chance that economic conditions will be poor. If economic conditions are good it is expected that the programme will attract only 20 students without advertising. There is a 40% chance that economic conditions will be good.
If the programme is advertised and economic conditions are poor, there is a 65% chance that the advertising will stimulate further demand and student numbers will increase to 50. If economic conditions are good, there is a 25% chance the advertising will stimulate further demand and numbers will increase to 25 students.
The profit expected, before deducting the cost of advertising, at different levels of student numbers are as follows:

The cost of advertising the programme will be $15,000.
Required:
Demonstrate, using a decision tree, whether the programme should be advertised.
A. No, the programme should not be advertised as there will be a loss $92 000
B. Yes, the programme should be advertised as the profit will be $92 000
C. Yes, the programme should be advertised as the profit will be $82 000
D. No, the programme should not be advertised as there will be a loss $82 000
正解：C

質問 5：
What type of budget is prepared on an annual basis taking current year operating results and adjusting them for expected growth and inflation?
A. Flexed budget
B. Zero-based budget
C. Incremental budget
D. Rolling budget
正解：C

質問 6：
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. Incremental costs
B. Past costs
C. Opportunity costs
D. Sunk costs
正解：C