CIMAPRO19-P01-1 試験問題を無料オンラインアクセス

Company LGF seeks to maximize profits and has a 'risk seeker' attitude when making decisions. The company has to choose between mutually exclusive projects. A range of possible profit outcomes has been estimated for each project along with their associated probabilities.
Company LGF would choose the project with the:

• A.Highest standard deviation irrespective of the expected value.
• B.Highest expected value irrespective of the standard deviation.
• C.Highest standard deviation irrespective of the best possible outcome.
• D.Best possible outcome irrespective of the standard deviation.

A company is launching a new product.
The company accountant has constructed a payoff table to show the estimated profit at different levels of production and demand.

How many units should the company produce if the minimax regret criterion is applied?

• A.200,000
• B.180,000
• C.100,000
• D.150,000

'Public sector organizations are often judged by their economy, efficiency and effectiveness.
Consequently, they should use an approach to budgeting other than incremental budgeting.' Required:
Explain ONE advantage and TWO disadvantages of public sector organizations using incremental budgeting.
Select all true statements.

• A.Public sector organizations tend to be fairly complex and in many cases outputs cannot be measured in monetary terms therefore the link between inputs and outputs is difficult to establish. An incremental approach can therefore provide a cost effective approach to budgeting.
• B.An incremental; approach is not as easy and fast to implement than other forms of budgeting approaches e.g. zero based budgeting.
• C.The incremental approach encourages managers in public sector organizations to look at the efficiency and effectiveness of activities undertaken.
• D.The incremental approach means that budget holders in public sector organizations will be encouraged to use up this year's budget will be as high as possible.
• E.The main advantage of incremental budgeting is that the cost of past activities becomes fixed and any inefficiencies or wastage is perpetuated.
• F.Under an incremental approach to budgeting, existing operations and the current budgeted allowance for these existing activities are taken as the base level for preparing the budget.

GH manufactures a product using skilled labour and high quality materials. The company operates a standard costing system and a just-in-time (JIT) purchasing and production system. The standard selling price and variable costs for one unit of the product are as follows:


Calculate the following variances for October, taking account of the more detailed information regarding the labour mix:
(i) The total labour efficiency variance
(ii) The total labour mix variance
(iii) The total labour yield variance
Select the correct statements.

• A.Labour efficiency variance: $ 88 000 F
• B.Labour efficiency variance: $ 98 000 A
• C.Labour efficiency variance: $ 78 000 F
• D.Labour mix variance: $ 63 000 A
• E.Labour mix variance: $ 75 000 F
• F.Labour mix variance: $ 66 000 F
• G.Labour efficiency variance: $ 78 000 A
• H.Labour yield variance: $ 144 000 A

Which of the following managers is most likely to be responsible for an favourable labour efficiency variance?

• A.Production Manager
• B.Purchasing Manager
• C.Human Resources Manager
• D.Marketing Manager