Free Access CIMA.P1.v2025-10-10.q95 Practice Test (Page 8)

Question 31

The budgetary control report of XYZ for the latest period is shown below. Variances in brackets are adverse.

What is the sales volume profit variance?

A.$37,200 adverse

B.$38,200 adverse

C.$78,900 adverse

D.$18,700 favorable

Question 32

For the forthcoming period, the number of units of product L produced must be no more than four times the number of units of product M produced.
The equation to represent this constraint in a linear programming exercise is:

A.4L < M

B.L > 4M

C.L < 4M

D.4L > M

Question 33

Company NBO is providing a quote to manufacture 500 passenger seats for a bus company.
Relevant cost is being used as the basis for the quote.
Which THREE of the following should be included as relevant costs or savings in the production of the
500 passenger seats?

A.Electricity charges of $1,500 for the completion of the order.

B.Idle time pay of $1,000 which would be paid to workers if the quote is not accepted

C.Seat cover material, to be bought for $6,000, which cannot be used on other products.

D.Administration overheads of $3,200 apportioned on the basis of labour hours in production.

E.$750 paid for a consultant's advice on quoting for the order.

F.Equipment depreciation of $2,000 for the time the passenger seats are in production.

Question 34

In a manufacturing company, breakeven occurs at which TWO of the following?

A.When contribution is equal to zero

B.When fixed costs are equal to contribution

C.When profit is equal to zero

D.When revenue is equal to contribution

E.When revenue is equal to fixed costs

Question 35

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

The optimal solution in the previous question shows that the shadow prices of skilled labour and direct material A are as follows:
Skilled labour $ Nil
Direct material A $11.70
Explain the relevance of these values to the management of JRL.
What is the additional contribution that can be earned?

A.Thus the additional contribution that can be earned and therefore the penalty value at which WRX would decide not to supply the major customer order in full is $4, 570

B.Thus the additional contribution that can be earned and therefore the penalty value at which WRX would decide not to supply the major customer order in full is $5, 825

C.Thus the additional contribution that can be earned and therefore the penalty value at which WRX would decide not to supply the major customer order in full is $3, 825

D.Thus the additional contribution that can be earned and therefore the penalty value at which WRX would decide not to supply the major customer order in full is $4, 825

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Question 31

Question 32

Question 33

Question 34

Question 35

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