CIMA Exam CIMAPRO19-P01-1 Topic 4 Question 11 Discussion

Actual exam question for CIMA's CIMAPRO19-P01-1 exam

Question #: 11
Topic #: 4

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:

Prepare a statement that reconciles the budgeted contribution with the actual contribution for October. Your statement should show the variances in as much detail as possible.

What was the actual contribution for October?

A$ 1,324,000

B$ 1,414,000

C$ 1,594,000

D$ 1,494,000

E$ 1,198,000

Show Suggested Answer

Suggested Answer: B

References:

by Cristy at May 07, 2022, 01:43 PM

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