Month End Sale Special - 75% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: big75certs

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:

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

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

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

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

Buy Now

Question 2

A flexible budget is a budget that is:

Options:

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

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

changed in response to changes in the level of activity

changed in response to changes in costs

Question 3

Which THREE of the following are purposes of all budgets?

Options:

Co-ordination

Communication

Profit maximisation

Diversification

Authorization

Consolidation

Get Free P1 Questions and Answers

Month End Sale Special - 75% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: big75certs

P1 Exam Dumps : Management Accounting

CIMA Related Exams

Verified By IT Certified Experts

CertsTopics.com Certified Safe Files

Up-To-Date Exam Study Material

99.5% High Success Pass Rate

100% Accurate Answers

Instant Downloads

Exam Questions And Answers PDF

Try Demo Before You Buy

Management Accounting Questions and Answers

Options:

Answer:

Options:

Answer:

Explanation:

Options:

Answer:

CompTIA

Fortinet

Microsoft

Salesforce