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CIMA Exam CIMAPRO19-P01-1 Topic 8 Question 103 Discussion

Actual exam question for CIMA's CIMAPRO19-P01-1 exam
Question #: 103
Topic #: 8
[All CIMAPRO19-P01-1 Questions]

TP makes wedding cakes that are sold to specialist retail outlets which decorate the cakes according to the customers' specific requirements. The standard cost per unit of its most popular cake is as follows:

The general market prices at the time of purchase for Ingredient A and Ingredient B were $23 per kg and $20 per kg respectively. TP operates a JIT purchasing system for ingredients and a JIT production system; therefore, there was no inventory during the period.

What was the material yieldvariance?

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Suggested Answer: D

by Louvenia at Nov 16, 2024, 10:53 PM

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Bea
27 days ago
I bet the person who wrote this question has a real knead for detail.
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Julian
28 days ago
Well, at least it's not a cake walk. Get it? Cake walk? Oh, never mind.
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Whitley
29 days ago
Wait, is this a trick question? All the answers look pretty similar to me.
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Joseph
4 days ago
B) The material yield variance was $175500 A
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Tanja
5 days ago
A) The material yield variance was $98500 A
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Ena
30 days ago
Ah, a classic material yield variance problem. I'm feeling confident about this one.
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Juan
17 days ago
I agree, that seems like the correct answer.
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Franklyn
23 days ago
I think the material yield variance was $175500 A
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Sheridan
1 months ago
I'm not sure, but I think the material yield variance was $175 000 A based on the market prices of the ingredients.
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Hollis
2 months ago
Hmm, I'm not entirely sure about this one. The information provided seems a bit tricky to parse.
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Jesus
25 days ago
Actually, the correct answer is $155000 A
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Shannon
27 days ago
No, I believe the material yield variance was $175500 A
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Sherron
30 days ago
I agree, the material yield variance was $155000 A
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Lili
1 months ago
I think the material yield variance was $155000 A
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Chaya
2 months ago
I believe it was $155000 A because the actual cost of ingredients was lower than the standard cost.
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Frankie
2 months ago
This question looks pretty straightforward. I think the answer is B.
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Meghann
28 days ago
Great explanation, thanks for breaking it down!
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Felix
1 months ago
Exactly, in this case it would be ($23 + $20) * 8000 - $2,000,000 = $175,500
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Francene
1 months ago
That makes sense, the material yield variance is calculated by taking the standard cost of material used minus the actual cost of material used multiplied by the actual quantity used.
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Maybelle
2 months ago
I agree, the answer is B) The material yield variance was $175500 A
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Pearlie
2 months ago
I think the material yield variance was $175500 A.
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