Cima P1 Exam Question No 30

Question No 30:

The estimated total costs for an output of 205,000 units is:

A. $2,870,000
B. $3,050,000
C. $3,064,211
D. $3,080,857

Answer: C

Chichester College’s principal appointed deputy lieutenant for West Sussex

TThe main Chichester College was appointed Deputy Lieutenant of West Sussex this week.

Legrave Shelagh, who lives in Midhurst and served as President and CEO of the company since 2010, was awarded the OBE for services to higher education in the Birthday Honours Queen earlier this year .

She is one of the three persons to be appointed to the post in ceremony recognizing distinguished service to the community by the Lord Lieutenant Susan Pyper services this week.

The position may include representing the Lord Lieutenant at official functions, award ceremonies, citizenship ceremonies or attend Remembrance Day services.

Shelagh said: "It's an absolute honor to be appointed Deputy Lieutenant of West Sussex am very willing to help the Lord Lieutenant in office.".

Before becoming chief Shelagh was COO at school since April 2003 and has led to an exceptional content in its latest Ofsted inspection in 2014.

After a degree in history and theology at the University of Durham, Shelagh spent six years as an officer in the Royal Corps of Army women.

She is a qualified accountant and member of the Chartered Institute of Management Accountants.

He chairs the trustees of Stonepillow, a charity to help the homeless in Chichester and is on the boards of Chichester Festival Theatre, Capital Coast Association for Local Business and Betty Martin Charity, and has barely resumed as President the Board of Directors Bourne Community College where she is also an administrator. His interests include running, tennis and music.

Cima P1 Exam Question No 29

Question No 29:

The company has now established that there is a stepped increase in fixed costs of $30,000 when output reaches 180,000 units.
The estimate of total costs for an output of 175,000 units using the additional information is:

A. $2,645,000
B. $2,275,000
C. $2,615,000
D. $2,630,000

Answer: C

Cima P1 Exam Question No 28

Question No 28:

RS is a retailer of pet products. A dog basket that it sells has an annual demand of 15,000 units. Demand is spread evenly throughout the year.
RS pays its supplier $60 for each basket. Ordering costs are $150 per order and the annual cost of holding one basket in inventory is estimated to be $6.
The economic order quantity (EOQ) for the dog basket to the nearest unit is:

A. 612 units
B. 173 units
C. 866 units
D. 1,025 units

Answer: C

Cima P1 Exam Question No 27

Question No 27:

AB is preparing its cash budget for next year. The accounts receivable at the beginning of next year are expected to be $460,000. The budgeted sales are $5,400,000 and will occur evenly throughout the year. 80% of the budgeted sales will be on credit and the remainder will be cash sales. Credit customers pay in the month following sale.
The budgeted cash receipts from customers next year are:

A. $5,040,000
B. $5,410,000
C. $5,500,000
D. $4,420,000

Answer: C