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Free P1 Management Accounting Exam Braindumps (page: 13)

Page 12 of 66
PDF with 260 Questions

Two products being produced by a company require the same material which is limited to 2,600 kgs.



What is the optimal production plan?

  1. 500 units of S & 100 units of T
  2. 50 units of S & 400 units of T
  3. 400 units of S & 167 units of T
  4. 500 units of S & 400 units of T

Answer(s): A



Which of the following statements is true?

  1. Standard costing is best suited to a stable environment.
  2. Standard costing is focused on achieving zero defects.
  3. Standard costing is focused on delivering quality products to customers.
  4. Standard costing embraces the philosophy of continual improvement.

Answer(s): A



200 units each of components F, G and H are required next period.

All three components are made by skilled labour of which only 4,000 hours are available.

An external supplier is able to supply any requirements of the components.

No inventories are held.

Data for the three components are as follows:



In order to minimise cost, how many units of component H should be purchased from the external supplier?

  1. None
  2. 80
  3. 120
  4. 200

Answer(s): B



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?

  1. $145 000
  2. $140 000
  3. $125 000
  4. $135 000

Answer(s): B






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