Expert Answers to CIMA Exam P2 Questions

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CIMA Management Advanced Management Accounting

Advanced Management Accounting

Last Update May 6, 2024
Total Questions : 202

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Questions 4

A company manufactures and sells a range of products. Relevant data for one unit of a particular product are as follows.

Questions 4

The company is using target costing to ensure that it achieves a contribution of 40% of the market selling price.

In order to achieve the target cost, by how much does the company need to reduce the variable cost per unit?

Options:

$ 2.10

$ 0.50

$ 1.40

$ 2.60

Discussion 0

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Questions 5

The starting point for developing a balanced scorecard for an organization should be:

Options:

the organization's vision and strategy

the external market that the organization is operating in

benchmarking the organization's current performance

the organization's non-financial targets

Discussion 0

Questions 6

Which of the following correctly defines the expected value of a project?

Options:

The weighted average of the possible outcomes of the project.