Free CIMA CIMAPRO19-P02-1-ENG Exam Practice Questions 2026

Stay ahead with 100% Free P2 Advanced Management Accounting CIMAPRO19-P02-1-ENG Practice Test Questions Dumps

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Total 205 Questions | Updated On: May 21, 2026

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Question 1

Which of the following statements is correct in respect of the key feature of dual pricing?

A : The selling price recorded by the selling division is higher than the cost recorded by the receiving division.

B : Internal customers are offered trade discounts depending on the number of units they purchase.

C : Internal transfers are priced at marginal cost and a lump sum payment is made subsequently to contribute to fixed costs.

D : Internal customers are charged a lower price than external customers to reflect savings in distribution costs.

Answer: A

Question 2

The following summarised financial statements have been prepared by JNM's North subsidiary for the year just ended:

Calculate the North subsidiary's Residual Income, assuming that JNM's cost of capital is 10%.
Give your answer to the nearest $ million.

A : A

Answer: A

Question 3

When considering a capital investment, relevant costs for decision making have which THREE of the following features?

A : They are future costs.

B : They are committed costs.

C : They are incremental costs.

D : They are unavoidable costs.

E : They are cash flows.

Answer: A,C

Question 4

Which TWO of the following conditions are necessary for a learning curve to apply?

A : The process must be simple.

B : The process must be complex.

C : There must be regular breaks in production.

D : Production must be machine intensive.

E : Production must be labor intensive.

Answer: A,B

Question 5

A company is classifying its quality costs to prepare a quality cost report. Which of the following are conformance costs?
Select ALL that apply.

A : Internal Failure Costs

B : External Failure Costs

C : Prevention Costs

D : Appraisal Costs

Answer: C,D

Page: 1 / 41

Total 205 Questions | Updated On: May 21, 2026

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