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CIMA Exam CIMAPRA17-BA2-1 Topic 1 Question 68 Discussion

Actual exam question for CIMA's CIMAPRA17-BA2-1 exam

Question #: 68
Topic #: 1

[All CIMAPRA17-BA2-1 Questions]

When compiling profit statement using a marginal costing system we must calculate the contribution. Once we have the contribution, we must deduct a specific amount to calculate the profit. Which of these values should we NOT deduct? (Select ALL that apply.)

AFixed costs

BSelling price

CCost of goods sold

Show Suggested Answer

Suggested Answer: C

by Rosendo at Apr 21, 2024, 01:37 AM

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Truman

10 months ago

I agree with you, D. Let's double-check our calculations before finalizing our answer

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Reena

10 months ago

I believe the answer will be closest to $71,672 because of the calculations we have done

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Tawny

11 months ago

After calculating, we can then allocate the overhead costs to Production Department 1 based on the given percentages

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Carole

11 months ago

Yes, let's start by substituting the values of M and S into the equations

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Sherron

11 months ago

I think we need to calculate the reapportionment of overhead costs first

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Paola

11 months ago

That makes sense. The equations for reapportionment were quite complex.

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Jacklyn

11 months ago

I believe it is closest to $75,500.

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Paola

11 months ago

What do you think is the total production overhead for Production Department 1?

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