Free Access CIMA.P1.v2022-09-21.q95 Practice Test (Page 20)

Question 91

Changing to a just-in-time, from a traditional, manufacturing environment can affect cost accounting systems.
Which of the following statements is correct?

A.More frequent, smaller deliveries from suppliers must be recorded

B.Larger volumes of inventory must be recorded

C.A greater number of individual supplier records must be maintained

D.Less frequent, larger deliveries from suppliers must be recorded

Question 92

A musical instrument manufacturing company is considering a new project that will require 1000 kg of wood. They have 700 kgs of wood in stock which was purchased last year for £4 per kg. The wood in stock can be sold back to the supplier for £5 per kg. The wood in stock will have to be replaced if it is used. The current purchase price of wood is £8 per kg.
Using this information, what is the relevant cost of wood for the manufacturers decision on this project?

A.£11,500

B.£5,000

C.£8,000

D.£5,600

Question 93

JRL manufactures two products from different combinations of the same resources. Unit selling prices and unit cost details for each product are as follows:

Identify, using graphical linear programming, the weekly production schedule for products J and L that will maximize the profits of JRL during the next four weeks.

A.Optimum plan (including major customer order) is therefore:W 900 unitsR 700 unitsX 2,100 units

B.Optimum plan (including major customer order) is therefore:W 1, 000 unitsR 600 unitsX 2,000 units

C.Optimum plan (including major customer order) is therefore:W 910 unitsR 800 unitsX 2,200 units

D.Optimum plan (including major customer order) is therefore:W 900 unitsR 650 unitsX 2,000 units

E.Optimum plan (including major customer order) is therefore:W 950 unitsR 750 unitsX 2,300 units

Question 94

Where sales volume is the principal budget factor, which of the following is the correct order in which budgets have to be prepared?

A.Sales budget, production budget, materials purchases budget, material usage budget

B.Production budget, sales budget, material usage budget, material purchases budget

C.Prodcution budget, material usage budget, material purchases budget, sales budget

D.Sales budget, production budget, material usage budget, material purchases budget

Question 95

Which one of the following would NOT be included in a decision to close a division of an organization?

A.Fixed costs directly attributable to the division

B.Redundancy pay for employees of the division

C.Head office overheads absorbed on the basis of the number of units produced

D.Sale of unwanted non-current assets

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