Free CIMAPRO19-P01-1 Exam Braindumps
P1 Management Accounting Questions 66–70 (page: 15)

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



* Refer to your answer in the previous question.

The optimal solution to 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.

Select ALL the true statements.

CORRECT TEXT
The inventory level of Product Y has reduced by 40 units over a single period. The cost card for Product Y is as follows:



The profit for Product Y using marginal costing is $26,000.

If the company used absorption costing, what would the profit for Product Y be?

Give your answer to the nearest whole $.

HOTSPOT (Drag & Drop is not supported)

A time series (TS) is made up of two main components i.e. trend (T) and the seasonal

variation (SV).

The equation that represents the seasonal variation under the additive model is:

A company has a budgeted contribution to sales (C/S) ratio of 30% and a budgeted operating profit margin of 20%. Budgeted sales were $100,000.

In month 2, actual production and sales volumes and all costs were as budgeted. The actual C/S ratio was 33% .

Which of the following statements, about the company's contribution and operating profit in month 2, is correct?

RST is preparing a quotation, on a relevant cost basis, for a special order.

Which TWO of the following are relevant costs that should be included in the quotation?