Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location PL
Mob_nav_barsMENU

CIMA Exam CIMAPRA17-BA2-1 Topic 1 Question 73 Discussion

Actual exam question for CIMA's CIMAPRA17-BA2-1 exam
Question #: 73
Topic #: 1
[All CIMAPRA17-BA2-1 Questions]

A company that uses standard costing wishes to reconcile the difference between the profit for a period calculated using absorption costing with that calculated using marginal costing.

Which TWO of the following will NOT help with this reconciliation? (Choose two.)

Show Suggested Answer Hide Answer
Suggested Answer: A, E

by Lauran at Jun 20, 2024, 06:50 PM

Limited Time Offer

25%

Off

Get Premium CIMAPRA17-BA2-1 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Cathrine
9 months ago
Ah, the age-old battle between absorption and marginal costing. I bet the accountants are having a field day with this one!
upvoted 0 times
Kiley
8 months ago
C) The opening inventory.
upvoted 0 times
...
Karol
8 months ago
B) The closing inventory.
upvoted 0 times
...
Emerson
8 months ago
A) The actual fixed production overheads.
upvoted 0 times
...
Tuyet
8 months ago
C: The fixed production overhead absorption rate.
upvoted 0 times
...
Therese
8 months ago
B: The under or over absorbed fixed production overheads.
upvoted 0 times
...
Sue
9 months ago
A: The closing inventory and the opening inventory.
upvoted 0 times
...
...
Shaniqua
9 months ago
I see your point, Colton. The fixed production overhead absorption rate is also crucial in understanding the difference between the two costing methods.
upvoted 0 times
...
Colton
9 months ago
I believe the actual fixed production overheads and the under or over absorbed fixed production overheads are more important for reconciliation.
upvoted 0 times
...
Margarett
10 months ago
Hmm, I was about to say the fixed production overhead absorption rate, but then I realized that would actually help with the reconciliation. Better not overthink this one!
upvoted 0 times
Margery
9 months ago
B) The closing inventory.
upvoted 0 times
...
Leandro
9 months ago
A) The actual fixed production overheads.
upvoted 0 times
...
...
Graham
10 months ago
The under or over absorbed fixed production overheads seem like the key item here. That's where the difference between the two costing methods really comes into play.
upvoted 0 times
...
Francoise
10 months ago
Wow, this is a tricky one! I'm pretty sure the opening and closing inventory values are crucial for reconciling the profits under the two costing methods.
upvoted 0 times
Rebecka
8 months ago
D) The under or over absorbed fixed production overheads.
upvoted 0 times
...
Mona
9 months ago
C) The opening inventory.
upvoted 0 times
...
Josephine
9 months ago
B) The closing inventory.
upvoted 0 times
...
Nieves
9 months ago
A) The actual fixed production overheads.
upvoted 0 times
...
...
Keshia
10 months ago
I agree with Julian. The closing and opening inventory are not relevant to the difference between absorption and marginal costing.
upvoted 0 times
...
Roslyn
10 months ago
The actual fixed production overheads and the fixed production overhead absorption rate are definitely not needed for this reconciliation. Those are more relevant for the standard costing process itself.
upvoted 0 times
Elly
10 months ago
E) The fixed production overhead absorption rate.
upvoted 0 times
...
Suzi
10 months ago
A) The actual fixed production overheads.
upvoted 0 times
...
...
Julian
10 months ago
I think the closing inventory and the opening inventory will not help with the reconciliation.
upvoted 0 times
...

Save Cancel
az-700  pass4success  az-104  200-301  200-201  cissp  350-401  350-201  350-501  350-601  350-801  350-901  az-720  az-305  pl-300  

Warning: Cannot modify header information - headers already sent by (output started at /pass.php:70) in /pass.php on line 77