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

Explain how probability analysis could be used to assess the risk of the evaluated projects.

Select all the true statements.

A : company can determine a range of possible outcomes for each of the cash flows in the project, for example, a high, low and medium estimate of each cash flow could be determined.

B : net present value (NPV) of the project, if all high, low or medium estimates occurred, can be calculated along with the combined probabilities of their occurrence.

C : probabilities can be combined to calculate the expected value of each cash flow element and of the project as a whole

D : NPVs of a sample range of possible outcomes and the probability of each NPV can be calculated. If a small sample is taken the distribution of outcomes can be used to calculate the zero activities deviation of the NPVs and the probability of success of the projects.

Answer: A,B,C

Question 2

Which TWO of the following statements are true for obtaining a reliable forecast from a time series?

A : ere must be an increasing trend.

B : past trend must continue in the future.

C : past pattern of seasonal variations must continue in the future.

D : trapolation of the trend must be avoided.

E : ere must be a decreasing trend.

Answer: B,C

Question 3

D3 makes 2 types of toilets - the Executive (Ex) and the Classic (CI). Direct labour costs $6 per hr and overheads are absorbed on a machine hour basis. The overhead absorption rate for the period is $28 per machine hour. What is the traditional cost per unit for (Ex) and (CI)?

A : (Ex) 60, (CI) 56

B : (Ex) 58, (CI) 53

C : (Ex) 65, (CI) 49

D : (Ex) 62, (CI) 52

E : (Ex) 63, (CI) 48

Answer: C

Question 4

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 5

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

Page: 1 / 53

Total 261 Questions | Updated On: Feb 10, 2026

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