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CIMA Exam CIMAPRO19-P01-1 Topic 2 Question 105 Discussion

Actual exam question for CIMA's CIMAPRO19-P01-1 exam
Question #: 105
Topic #: 2
[All CIMAPRO19-P01-1 Questions]

A company uses a standard costing system.

The company's sales budget for the latest period includes 1,500 units of a product with a selling price of $400 per unit.

The product has a budgeted contribution to sales ratio of 30%.

Actual sales for the period were 1,630 units at a selling price of $390 per unit.

The actual contribution to sales ratio was 28%.

The sales volume contribution variance for the product for the latest period is:

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Suggested Answer: A

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by Kassandra at Jan 15, 2025, 06:18 AM

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Carli
6 days ago
I think the answer is A) $15,600 F.
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Carolynn
7 days ago
Hmm, this question seems pretty straightforward. I'm going with C) $55, 600 F. The actual sales were higher than the budgeted sales, so the variance should be favorable.
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Heike
9 days ago
I think the answer is B) $17, 800 F. The sales volume contribution variance is calculated by taking the difference between the actual and budgeted sales volumes, multiplied by the budgeted contribution margin.
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Tamar
2 days ago
I agree, the answer is B) $17, 800 F.
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