Free CIMA CIMAPRO19-P01-1-ENG Exam Questions

Become CIMA Certified with updated CIMAPRO19-P01-1-ENG exam questions and correct answers

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Total 261 Questions | Updated On: Feb 10, 2026

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Question 1

Which THREE of the following statements about different costing systems are correct?

A : ntribution per unit is the selling price per unit minus the variable costs per unit.

B : a period during which finished goods inventory levels fall, profit using marginal costing will be higher than if absorption costing is used.

C : en valuing inventory using throughput costing, the direct labour cost is excluded.

D : er-absorption of fixed production overhead is caused by actual sales exceeding budgeted sales.

E : nished goods inventory will be assigned a higher value using throughput costing than absorption costing.

Answer: A,B,C

Question 2

Information about a company's only two products is as follows:

The revenue from the products must be in the constant mix of 2U:3V. Budgeted monthly sales revenue is $110,000.
Fixed costs are $23,095 each month.
To the nearest $10, what is the budgeted monthly margin of safety in terms of sales revenue?

A : $35,500

B : $74,500

C : $12,140

D : $38,940

Answer: A

Question 3

A company's budget for the next period shows that it would breakeven at sales revenue of $800,000 and fixed costs of $320,000.

The sales revenue needed to achieve a profit of $200,000 in the next period would be:

A : $1,950,000

B : $1,780,000

C : $1,400,000

D : $1,300,000

E : $1,390,000

Answer: D

Question 4

The standard production cost of making a product is as follows:

What is the fixed production overhead capacity variance?

A : $9,000F

B : $6,000F

C : $3,000F

D : $6,000A

Answer: B

Question 5

Christian the management accountant at a car manufacturer has been given a list of costs that have been incurred due to accidents and errors either occurring or being prevented.
Which of the following are examples of non-conformance costs? Select ALL that apply.

A : t of scrap

B : of goodwill

C : t of repairs to products

D : pection costs

E : t of repairs to equipment

Answer: A,B,C

Page: 1 / 53

Total 261 Questions | Updated On: Feb 10, 2026

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