CIMA CIMAPRO15-P01-X1-ENG : P1 - Management Accounting Question Tutorial

CIMAPRO15-P01-X1-ENG real exams

Exam Code: CIMAPRO15-P01-X1-ENG

Exam Name: P1 - Management Accounting Question Tutorial

Updated: Oct 28, 2026

Q & A: 67 Questions and Answers

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Confidence on exam day comes from rehearsal, not luck. The CIMA P1 - Management Accounting Question Tutorial test engines from PassTorrent recreate the pressure of the real CIMAPRO15-P01-X1-ENG environment, and by the time you have worked through all 67 questions, the format holds no surprises.

CIMA CIMAPRO15-P01-X1-ENG Exam Syllabus Topics:

SectionWeightObjectives
Short-Term Commercial Decision Making30%- Make-or-buy and outsourcing decisions
- Pricing decisions
- Relevant costing principles
- Cost-volume-profit analysis
- Limiting factor decisions
Dealing with Uncertainty in the Short Term15%- Expected value and probability analysis
- Decision trees and decision criteria
- Risk and uncertainty concepts
- Sensitivity and scenario analysis
Cost Accounting for Decision and Control30%- Absorption and marginal costing
- Activity-based costing (ABC)
- Standard costing and variance analysis
- Throughput, target and lifecycle costing
- Costing concepts and terminology
Budgeting and Budgetary Control25%- Flexible budgets and budget variances
- Beyond budgeting and modern approaches
- Budget preparation techniques
- Purpose and types of budgets

Your CIMA P1 - Management Accounting Question Tutorial Questions, Answered

Registering for the CIMAPRO15-P01-X1-ENG exam costs USD 120–190 / GBP 95–145 (varies by region) at the official rate, and you need 100 out of 150 scaled score (~67%) to pass. Bear in mind that an unsuccessful attempt is not discounted the second time around — a retake is charged at the full fee again. That is why experienced candidates test themselves with the 67 practice questions from PassTorrent until their results are consistently strong before spending money on the real thing.

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You will face 60 questions within a time allowance of 90 minutes. Raw numbers aside, the real skill is pacing: candidates who run out of time usually spent too long on early questions. Our advice is to set a mental per-question budget, skip and revisit anything that stalls you, and complete at least two full timed runs in the PassTorrent test engine before the real appointment so the clock never rattles you.

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Passing the CIMAPRO15-P01-X1-ENG exam earns you the CIMA Operational Level / Diploma in Management Accounting certification, a Operational Level-level credential. It is the vendor's official proof that your skills meet the standard employers look for, and it regularly appears as a requirement in job postings. The certification also relates to E1 Managing Finance in a Digital World, F1 Financial Reporting and Taxation, Operational Case Study, so it can anchor a broader certification plan rather than stand alone.

Recommended: CIMA Certificate in Business Accounting (Cert BA) or equivalent accounting/finance qualification; no strict mandatory prerequisite Because vendors revise their eligibility rules from time to time, treat this as a starting point and verify the latest requirements on the official exam page — see the official CIMAPRO15-P01-X1-ENG exam outline before you commit to a test date.

The vendor organizes the CIMA P1 - Management Accounting Question Tutorial blueprint into 4 domains, led by Short-Term Commercial Decision Making (30%), Dealing with Uncertainty in the Short Term (15%), Cost Accounting for Decision and Control (30%). Every domain contains further subtopics, and the weighting tells you where your study hours pay off most — the full outline above has the complete picture, so review it before building your study plan.

The vendor recommends the following official courses for this exam:

Training builds knowledge, but it does not measure readiness. Once you finish a course, put yourself to the test with the CIMAPRO15-P01-X1-ENG practice questions from PassTorrent — that is where you find out whether the material actually stuck.

CIMA P1 - Management Accounting Question Tutorial Sample Questions:

Question #1

JL is preparing its cash budget for the next three quarters. The following data have been extracted from the operational budgets:

Additional information is available as follows:
* JL sells 20% of its goods for cash. Of the remaining sales value, 70% is received within the same quarter as sale and 30% is received in the following quarter. It is estimated that trade receivables will be $125,000 at the beginning of Quarter 1. No bad debts are anticipated.
* 50% of payments for direct material purchases are made in the quarter of purchase, with the remaining 50% in the quarter following purchase. It is estimated that the amount owing for direct material purchases will be
$60,000 at the beginning of Quarter 1.
* JL pays labour and overhead costs when they are incurred. It has been estimated that labour and overhead costs in total will be $303,600 per quarter. This figure includes depreciation of $19,600.
* JL expects to repay a loan of $100,000 in Quarter 3.
* The cash balance at the beginning of Quarter 1 is estimated to be $49,400 positive.
Required:
Prepare a cash budget for each of the THREE quarters.
What will the closing balance of cash flows in quarter THREE be?

  • A. $160 690
  • B. $150 200
  • C. $130 200
  • D. $145 000
  • E. $184 900
  • F. $100 200
  • G. $170 400
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #2

A major company sells a range of electrical, clothing and homeware products through a chain of department stores. The main administration functions are provided from the company's head office. Each department store has its own warehouse which receives goods that are delivered from a central distribution center.
The company currently measures profitability by product group for each store using an absorption costing system. All overhead costs are charged to product groups based on sales revenue. Overhead costs account for approximately one-third of total costs and the directors are concerned about the arbitrary nature of the current method used to charge these costs to product groups.
A consultant has been appointed to analyses the activities that are undertaken in the department stores and to establish an activity based costing system.
The consultant has identified the following data for the latest period for each of the product groups for the X Town store:

Calculate the total profit for each of the product groups:
.... using the current absorption costing system;

  • A. The profit or loss in $ was.... Clothing (175); Electrical 86; Homeware 22
  • B. The profit or loss in $ was.... Clothing 85; Electrical 36; Homeware (28)
  • C. The profit or loss in $ was.... Clothing 192; Electrical (56); Homeware 148
  • D. The profit or loss in $ was.... Clothing 122; Electrical 56; Homeware (178)
Reveal Solution  Discussion  0

Correct Answer: C  🗳️

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Question #3

A master budget comprises the...

  • A. budgeted income statement and budgeted balance sheet only.
  • B. budgeted income statement, budgeted balance sheet and budgeted cash flow statement only.
  • C. budgeted income statement and budgeted cash flow statement only.
  • D. budgeted income statement and budgeted capital expenditure only
Reveal Solution  Discussion  0

Correct Answer: B  🗳️

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Question #4

A marketing manager is trying to decide which of four potential selling prices to charge for a new product. The state of the economy is uncertain and may show signs of recession, growth or boom. The manager has prepared a regret matrix showing the regret for each of the possible outcomes depending on the decision made.

If the manager applies the minimax regret criterion to make decisions, which selling price would be chosen?

  • A. $45
  • B. $55
  • C. $40
  • D. $50
Reveal Solution  Discussion  0

Correct Answer: A  🗳️

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Question #5

JRL manufactures two products from different combinations of the same resources. Unit selling prices and unit cost details for each product are as follows:

Identify, using graphical linear programming, the weekly production schedule for products J and L that will maximize the profits of JRL during the next four weeks.

  • A. Optimum plan (including major customer order) is therefore:
    W 900 units
    R 700 units
    X 2,100 units
  • B. Optimum plan (including major customer order) is therefore:
    W 910 units
    R 800 units
    X 2,200 units
  • C. Optimum plan (including major customer order) is therefore:
    W 950 units
    R 750 units
    X 2,300 units
  • D. Optimum plan (including major customer order) is therefore:
    W 900 units
    R 650 units
    X 2,000 units
  • E. Optimum plan (including major customer order) is therefore:
    W 1, 000 units
    R 600 units
    X 2,000 units
Reveal Solution  Discussion  0

Correct Answer: D  🗳️

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