CIMA P1 問題集

質問 1：
The manager of a recently opened cafe is deciding how many sandwiches to make each day.
The sandwiches are made in the morning before the cafe opens.
If demand exceeds the number of sandwiches made in the morning no extra sandwiches can be made during the day. Any unsold sandwiches are thrown away at the end of each day.
Daily demand is uncertain but is predicted to be 10, 20, 30 or 40 sandwiches.
The following regret matrix has been prepared:

If the minimax regret criterion is used to make the decision, the manager will choose to make:
正解：
20 Sandwiches

質問 2：
A company's product range includes Product N. The costs relating to Product N are shown below:

The direct labour costs relate to specialists employed to work wholly and exclusively with Product N.
If the company stopped making Product N, the insurance overhead cost would cease, but overhead cost J would be unaffected. Both overheads are absorbed in direct proportion to material costs.
Which of the following costs should be used in the decision whether to stop making Product N?
A. $944,100
B. $884,000
C. $910,100
D. $850,000
正解：C

質問 3：
A company develops computer software programs to meet each client's specific requirements. The management accountant is considering introducing a standard costing system.
Which THREE of the following are reasons that support the case for the company's introduction of a standard costing system?
A. It will enable the company to better focus on the quality of its service.
B. It will provide a system of control.
C. It will simplify the work-in-progress valuation.
D. It will enable the company to make a direct comparison of costs for each program developed.
E. It will aid the budget setting process.
正解：B,C,E

質問 4：
A manager has not yet used all oh his budget. He is worried that his budget maybe reduced next year if he is not seen to have needed all the funds. He decides to spend the remaining £1,580 on another team building exercise as well as a catered lunch for his department.
This example falls under which behavioural aspect of budgetary control?
A. Short term focus
B. Motivation
C. Budget negotiation
D. Irrational spending
正解：D

質問 5：
Which THREE of the following statements relating to fixed overhead variances are correct?
A. The total fixed overhead variance is made up of the fixed overhead expenditure variance, the fixed overhead efficiency variance and the fixed overhead capacity variance.
B. The fixed overhead volume variance can be split into the fixed overhead efficiency variance and the fixed overhead capacity variance.
C. The total fixed overhead cost variance in an absorption costing system is the difference between budgeted fixed overhead and actual fixed overhead incurred.
D. The total fixed overhead cost variance in an absorption costing system is the amount of fixed overhead that has been under- or over-absorbed in the period.
E. In a marginal costing operating statement reconciling budgeted contribution to actual profit only the fixed overhead expenditure variance and the fixed overhead volume variance are shown.
正解：A,B,D

質問 6：

Select the benefits to a company of using sensitivity analysis in investment appraisal.
(Select all the true statements.)
A. Sensitivity analysis enables a company to determine the effect of changes to variables on the planned outcome.
B. Sensitivity analysis enables risk management strategies to be put in place to focus on those variables of special significance.
C. Sensitivity analysis enables identification of fixed costs that are of special significance.
D. Sensitivity analysis enables a company to assess the risk associated with a project.
正解：A,B,D