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質問 1：
Explain THREE benefits that organizations gain from using budgetary planning and control systems.
Select ALL the true statements.
A. The budget ensures actions of different parts of the organization are coordinated are reconciled otherwise managers take actions for the benefit of their own part of organization that may not benefit the organization as a whole.
B. It provides a standard which managers may be motivated to achieve. It can also encourage inefficiency
and conflict between managers particularly if the budget is imposed from above, whereby it may act as a threat rather than as a challenge.
C. The budget acts as a variable mechanism, with actual results being compared with budget.
D. Budgeting forces an organization's management to look ahead and set performance targets.
E. The budget provides an external benchmark against which performance against which performance can be evaluated.
F. Another benefit of budgeting is to set targets to motivate managers and optimize their performance.
G. The budget is a useful device of influencing an operator's thoughts and motivating operators to perform in line with the organization's marketing budget.
正解：A,B,D,F
解説: (Pass4Test メンバーにのみ表示されます)
質問 2：
LM operates a parcel delivery service. Last year its employees delivered 15,120 parcels and travelled 120,960 kilometers. Total costs were $194,400.
LM has estimated that 70% of its total costs are variable with activity and that 60% of these costs vary with the number of parcels and the remainder vary with the distance travelled.
LM is preparing its budget for the forthcoming year using an incremental budgeting approach and has produced the following estimates:
* All costs will be 3% higher than the previous year due to inflation
* Efficiency will remain unchanged
* A total of 18,360 parcels will be delivered and 128,800 kilometers will be travelled.
Calculate the following costs to be included in the forthcoming year's budget:
(i) the total variable costs related to the number of parcels delivered.
(ii) the total variable costs related to the distance travelled.
A. Parcel related cost for next year = $112,308; Distance related costs for next year = $79,590
B. Parcel related cost for next year = $115,306; Distance related costs for next year = $31,590
C. Parcel related cost for next year = $109,118; Distance related costs for next year = $89,699
D. Parcel related cost for next year = $112,118; Distance related costs for next year = $59,699
E. Parcel related cost for next year = $105,306; Distance related costs for next year = $30,590
正解：D
解説: (Pass4Test メンバーにのみ表示されます)
質問 3：
RS is a travel company providing daily tours of a major European capital city. The market is highly competitive and RS has commissioned some market research to help with the pricing decision for a new tour. The research identified the probability of three possible market conditions and the number of tickets that would be sold each day at three different price levels.
Demonstrate, using a decision tree and based on expected value, which ticket price RS should choose.
A. RS should charge a ticket price of $80.
B. RS should charge a ticket price of $70.
C. RS should charge a ticket price of $75
D. RS should charge a ticket price of $90.
E. RS should charge a ticket price of $100.
正解：D
解説: (Pass4Test メンバーにのみ表示されます)
質問 4：
QR uses an activity based budgeting (ABB) system to budget product costs. It manufactures two products, product Q and product R. The budget details for these two products for the forthcoming period are as follows:
The total budgeted cost of setting up the machines is $74,400.
Select TWO potential benefits of using an activity based budgeting system.
A. Activity based budgeting provides a clear framework for understanding the link between turnover and the level of activity.
B. Activity based budgeting allows the ranking of activities and the determination of how limited resources should be allocated across competing activities.
C. Activity based budgeting is useful for the review of quality systems utilization.
D. Activity based budgeting allows the identification of value added and non-value added activity and ensures that any budget cuts are made to non-value added activities.
正解：B,D
解説: (Pass4Test メンバーにのみ表示されます)
質問 5：
A company uses a standard costing system.
The company's sales budget for the latest period includes 1,500 units of a product with a selling price of $400 per unit.
The product has a budgeted contribution to sales ratio of 30%.
Actual sales for the period were 1,630 units at a selling price of $390 per unit.
The actual contribution to sales ratio was 28%.
The sales volume contribution variance for the product for the latest period is:
A. $15, 600 F
B. $17, 800 F
C. $55, 600 F
D. $32, 900 F
正解：A
解説: (Pass4Test メンバーにのみ表示されます)
質問 6：
Explain why sensitivity analysis is useful when dealing with uncertainty in project appraisal.
Select all the true statements.
A. Sensitivity analysis enables a company to determine the effect of changes to fixed costs on the planned outcome
B. Sensitivity analysis enables a company to determine the effect of changes to variables on the planned outcome
C. In project appraisal, an analysis can be made if all the key variables to ascertain by how much variable would need to change before the net present value (NPV) reaches zero i.e. the indifference point.
D. In project appraisal, in analysis can be made of all the key variables to ascertain by how much each variable would need to change before the net present value (NPV) reaches 100% i.e. the maximum point.
正解：B,C
解説: (Pass4Test メンバーにのみ表示されます)
質問 7：
THS produces two products from different combinations of the same resources. Details of the products are shown below:
Identify, using graphical linear programming, the optimal production plan for products E and R to maximize THS's profit in the month.
A. The solution (from the graph0 is to produce 675 units of E and 470 units of R.
B. The solution (from the graph0 is to produce 375 units of E and 750 units of R.
C. The solution (from the graph0 is to produce 475 units of E and 770 units of R.
D. The solution (from the graph0 is to produce 375 units of E and 870 units of R.
E. The solution (from the graph0 is to produce 495 units of E and 670 units of R.
F. The solution (from the graph0 is to produce 495 units of E and 470 units of R.
正解：B
解説: (Pass4Test メンバーにのみ表示されます)
Explain THREE benefits that organizations gain from using budgetary planning and control systems.
Select ALL the true statements.
A. The budget ensures actions of different parts of the organization are coordinated are reconciled otherwise managers take actions for the benefit of their own part of organization that may not benefit the organization as a whole.
B. It provides a standard which managers may be motivated to achieve. It can also encourage inefficiency
and conflict between managers particularly if the budget is imposed from above, whereby it may act as a threat rather than as a challenge.
C. The budget acts as a variable mechanism, with actual results being compared with budget.
D. Budgeting forces an organization's management to look ahead and set performance targets.
E. The budget provides an external benchmark against which performance against which performance can be evaluated.
F. Another benefit of budgeting is to set targets to motivate managers and optimize their performance.
G. The budget is a useful device of influencing an operator's thoughts and motivating operators to perform in line with the organization's marketing budget.
正解：A,B,D,F
解説: (Pass4Test メンバーにのみ表示されます)
質問 2：
LM operates a parcel delivery service. Last year its employees delivered 15,120 parcels and travelled 120,960 kilometers. Total costs were $194,400.
LM has estimated that 70% of its total costs are variable with activity and that 60% of these costs vary with the number of parcels and the remainder vary with the distance travelled.
LM is preparing its budget for the forthcoming year using an incremental budgeting approach and has produced the following estimates:
* All costs will be 3% higher than the previous year due to inflation
* Efficiency will remain unchanged
* A total of 18,360 parcels will be delivered and 128,800 kilometers will be travelled.
Calculate the following costs to be included in the forthcoming year's budget:
(i) the total variable costs related to the number of parcels delivered.
(ii) the total variable costs related to the distance travelled.
A. Parcel related cost for next year = $112,308; Distance related costs for next year = $79,590
B. Parcel related cost for next year = $115,306; Distance related costs for next year = $31,590
C. Parcel related cost for next year = $109,118; Distance related costs for next year = $89,699
D. Parcel related cost for next year = $112,118; Distance related costs for next year = $59,699
E. Parcel related cost for next year = $105,306; Distance related costs for next year = $30,590
正解：D
解説: (Pass4Test メンバーにのみ表示されます)
質問 3：
RS is a travel company providing daily tours of a major European capital city. The market is highly competitive and RS has commissioned some market research to help with the pricing decision for a new tour. The research identified the probability of three possible market conditions and the number of tickets that would be sold each day at three different price levels.
Demonstrate, using a decision tree and based on expected value, which ticket price RS should choose.
A. RS should charge a ticket price of $80.
B. RS should charge a ticket price of $70.
C. RS should charge a ticket price of $75
D. RS should charge a ticket price of $90.
E. RS should charge a ticket price of $100.
正解：D
解説: (Pass4Test メンバーにのみ表示されます)
質問 4：
QR uses an activity based budgeting (ABB) system to budget product costs. It manufactures two products, product Q and product R. The budget details for these two products for the forthcoming period are as follows:
The total budgeted cost of setting up the machines is $74,400.
Select TWO potential benefits of using an activity based budgeting system.
A. Activity based budgeting provides a clear framework for understanding the link between turnover and the level of activity.
B. Activity based budgeting allows the ranking of activities and the determination of how limited resources should be allocated across competing activities.
C. Activity based budgeting is useful for the review of quality systems utilization.
D. Activity based budgeting allows the identification of value added and non-value added activity and ensures that any budget cuts are made to non-value added activities.
正解：B,D
解説: (Pass4Test メンバーにのみ表示されます)
質問 5：
A company uses a standard costing system.
The company's sales budget for the latest period includes 1,500 units of a product with a selling price of $400 per unit.
The product has a budgeted contribution to sales ratio of 30%.
Actual sales for the period were 1,630 units at a selling price of $390 per unit.
The actual contribution to sales ratio was 28%.
The sales volume contribution variance for the product for the latest period is:
A. $15, 600 F
B. $17, 800 F
C. $55, 600 F
D. $32, 900 F
正解：A
解説: (Pass4Test メンバーにのみ表示されます)
質問 6：
Explain why sensitivity analysis is useful when dealing with uncertainty in project appraisal.
Select all the true statements.
A. Sensitivity analysis enables a company to determine the effect of changes to fixed costs on the planned outcome
B. Sensitivity analysis enables a company to determine the effect of changes to variables on the planned outcome
C. In project appraisal, an analysis can be made if all the key variables to ascertain by how much variable would need to change before the net present value (NPV) reaches zero i.e. the indifference point.
D. In project appraisal, in analysis can be made of all the key variables to ascertain by how much each variable would need to change before the net present value (NPV) reaches 100% i.e. the maximum point.
正解：B,C
解説: (Pass4Test メンバーにのみ表示されます)
質問 7：
THS produces two products from different combinations of the same resources. Details of the products are shown below:
Identify, using graphical linear programming, the optimal production plan for products E and R to maximize THS's profit in the month.
A. The solution (from the graph0 is to produce 675 units of E and 470 units of R.
B. The solution (from the graph0 is to produce 375 units of E and 750 units of R.
C. The solution (from the graph0 is to produce 475 units of E and 770 units of R.
D. The solution (from the graph0 is to produce 375 units of E and 870 units of R.
E. The solution (from the graph0 is to produce 495 units of E and 670 units of R.
F. The solution (from the graph0 is to produce 495 units of E and 470 units of R.
正解：B
解説: (Pass4Test メンバーにのみ表示されます)
Tsukamoto -
このCIMAPRO15-P01-X1-ENG問題集を勉強させてもらって、次回は受かりそうです。この問題集を読んで基礎を理解することができました。