Free CIMA Mock Exam Question from Friday 15th

Today we have a question relating to the new 2019 syllabus for P1. The question was: Calculate the total profit under a Marginal Costing system for the following: Selling Price £65 unit Variable Costs £40 unit Fixed Costs £12,600 Predicated Sales 650 units Production 700 unit This question relates to ‘A: Cost Accounting for Decision … Read more

Monday 4 November Answer

Today we have a question relating to the new 2019 syllabus for P1. The question was: Which one of the following types of costs would not be considered in a discontinuation decision? This question relates to ‘C: Short-term commercial decision making’ and is a slightly different version of the question in one of our free … Read more

Friday 18 October Answer

Today we have a question relating to the new 2019 syllabus for P1. The question was: Calculate the Standard Deviation on the following project: Profit Probability £500 0.2 £800 0.65 £1,100 0.15   This question relates to ‘D: Dealing with Uncertainty in the Short Term’ and is a slightly different version of the question in … Read more

Wednesday 9 October Answer

Today we have a question relating to the new 2019 syllabus for P1. The question was: Which of the following Inventory Valuation methods is not allowed by HMRC? This question relates to ‘A: Cost accounting for decision and control’ and is a slightly different version of the question in one of our free mock exams. … Read more

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