CIMA P1 case studies
CIMA P1 · Put your knowledge to work in context.
CIMA P1, formally titled Management Accounting, is an objective test within the CIMA Professional Qualification. The source material does not specify the number of questions, time limit, passing score, fee, retake policy, or validity period, so candidates should verify these details directly with AICPA & CIMA. The exam covers four domains: cost accounting for decision and control (30%), budgeting and budgetary control (30%), short-term commercial decision making (20%), and risk, uncertainty and the management accountant (20%). It is aimed at candidates progressing through the CIMA qualification who need to apply management accounting techniques to support planning, control, and decision making. Topics on this exam: Cost accounting for decision and control, Budgeting and budgetary control, Short-term commercial decision making, and Risk, uncertainty and the management accountant. The CIMA P1 case studies are 5 cases and about 3,126 words.
1Kestrel Precision: Absorption Costing Versus Activity-Based Costing for a Customer Quote
Kestrel Precision Ltd machines components for aerospace customers. It has two production departments.
647 words, about 3 min2Dunmore Furniture: Production Budget, Material Variances and Budget Behaviour
Dunmore Furniture makes oak tables and chairs. For the next quarter the sales budget is 2,400 tables at £180 each and 4,800 chairs at £70 each.
564 words, about 3 min3Cobalt Packaging: Special Order in a Bottleneck
Cobalt Packaging prints cartons on a single printing machine that is its bottleneck. Monthly capacity is 10,000 machine hours.
674 words, about 3 min4Northfield Bakery: Choosing a Pop-Up Site Under Demand Uncertainty
Northfield Bakery is choosing between two six-week pop-up sites. A city-centre kiosk would have fixed costs of £20,000.
553 words, about 3 min5Brookdale Chemicals: Material Mix and Yield Variances
Brookdale Chemicals blends two materials, A and B, to make a fertiliser. The standard mix for 1,000 kg of input is 600 kg of A at £4 per kg and 400 kg of B at £7 per kg.
688 words, about 3 min