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CIMA P1 Exam With Confidence Using Practice Dumps

Exam Code:
P1
Exam Name:
Management Accounting
Certification:
CIMA Operational
Vendor:
CIMA
Questions:
180
Last Updated:
Jul 10, 2025
Exam Status:
Stable
CIMA P1

P1: CIMA Operational Exam 2025 Study Guide Pdf and Test Engine

Are you worried about passing the CIMA P1 (Management Accounting) exam? Download the most recent CIMA P1 braindumps with answers that are 100% real. After downloading the CIMA P1 exam dumps training , you can receive 99 days of free updates, making this website one of the best options to save additional money. In order to help you prepare for the CIMA P1 exam questions and verified answers by IT certified experts, CertsTopics has put together a complete collection of dumps questions and answers. To help you prepare and pass the CIMA P1 exam on your first attempt, we have compiled actual exam questions and their answers. 

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Management Accounting Questions and Answers

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Question 1

A flexible budget is a budget that is:

Options:

A.

set prior to the control period and not subsequently changed in response to changes in activity period has expired

B.

continuously updated by adding a further accounting period when the earliest accounting period has expired

C.

changed in response to changes in the level of activity

D.

changed in response to changes in costs

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Question 2

A company has to choose between three mutually exclusive projects. Market research has shown that customers could react to the projects in three different ways depending on their preferences. There is a 30% chance that customers will exhibit preferences 1, a 20% chance they will exhibit preferences 2 and a 50% chance they will exhibit preferences 3. The company uses expected value to make this type of decision.

The net present value of each of the possible outcomes is as follows:

A market research company believes it can provide perfect information about the preferences of customers in this market.

What is the maximum amount that should be paid for the information from the market research company?

Options:

A.

$145 000

B.

$140 000

C.

$125 000

D.

$135 000

Question 3

TP makes wedding cakes that are sold to specialist retail outlets which decorate the cakes according to the customers’ specific requirements. The standard cost per unit of its most popular cake is as follows:

The general market prices at the time of purchase for Ingredient A and Ingredient B were $23 per kg and $20 per kg respectively. TP operates a JIT purchasing system for ingredients and a JIT production system; therefore, there was no inventory during the period.

What was the material price planning variance for ingredient B?

Options:

A.

The material price planning variance – Ingredient B was $54 000 F

B.

The material price planning variance – Ingredient B was $64 000 F

C.

The material price planning variance – Ingredient B was $57 000 F

D.

The material price planning variance – Ingredient B was $59 000 F

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