2013核心课程真题12707.pdf
财经网络教育领导品牌 _ 高顿网校 All Rights Reserved 版权所有 复制必究 1 2013 年 5 月 CIMA-P2 考试真题 1.A tree farm supplies shrubs to two customers.Each shrub has a selling price of$60.It costs$25 to grow a shrub and get it to the point of sale.Additional costs incurred by the farm are$100 per order fulfilled and delivery costs of$500 per order delivered.Details of two of the farms customers(B and C)for the previous period are as follows:Required:Evaluate the two customers.(Your answer should include customer profitability statements and appropriate measures.)2.A new product has a budgeted total profit of$75,000 from the first 64 units.The time taken to produce the first unit was 225 hours.The labour rate is$40 per hour.A 90%learning curve is expected to apply indefinitely.Note:The learning index for a 90%learning curve is-0.152 Required:Calculate the sensitivity of the budgeted total profit from the first 64 units to independent changes in:(i)The labour rate(ii)The learning rate.3.PP is a telecoms provider.It has been operating for five years and has experienced good results;profits have increased by an average of 15%each year.It is accepted within the company that this success has been the result of the continuous stream of new and varied cutting edge products that PP offers.The Research and Development Division has enjoyed the freedom of working with the directive of“Be creative”.财经网络教育领导品牌 _ 高顿网校 All Rights Reserved 版权所有 复制必究 2 The Director of the Research and Development Division of PP is not happy.At a recent board meeting she said:“The Research and Development Division is finding it extremely difficult to maintain its current levels of achievement.The Division is suffering from a lack of funds as a result of PPs budgeting system.We receive an uplift of 5%each year from the previous years budget.This does not provide the necessary funds or freedom to be able to keep the company ahead of the competition.I would like to see incremental budgeting replaced by zero based budgeting in my division”.Required:Discuss the potential disadvantages of implementing zero based budgeting for the allocation of funds to the Research and Development Division from the perspective of the Director of Research and Development.4.The owner,Z,of a business has been attending a course on scenario planning and decision making.As a result of that advice the owner has produced,by using cost volume and profit analysis,12 scenarios for a new product that the business will launch in the near future.There are four possible marketing packages that could be used(A,B,C or D)and there are three possible market conditions(poor,average or good)that could be encountered.The Net Present Value of the cash flows resulting from each of the scenarios is shown in the table below.Unfortunately Z missed the session on how to deal with risk and uncertainty.He has sent the above table to the tutor for the course and has asked for help.The tutor replied“I will send you some notes.Based on your table you will need the methods in the section on Uncertainty.If you can estimate the probability of each type of market condition occurring you need Risk based methods.However,whichever method you use,your decision will be influenced by your attitude.”Required:Note:calculations are NOT required.财经网络教育领导品牌 _ 高顿网校 All Rights Reserved 版权所有 复制必究 3 Explain FOUR methods that could help Z to decide which marketing package to choose.Your answer should include THREE methods to deal with uncertainty,ONE method to deal with risk,and an explanation of the“attitude”that would be associated with the decision maker using each of the four methods.5.The modern dynamic business environment has been described as a“buyers market”in which companies must react to the rapidly changing characteristics of the market and the needs of customers.Many managers have criticised traditional forms of budgeting for being too restrictive and for being of little use for performance management and control.Required:Explain how the principles of“Beyond Budgeting”promote a cultural framework that is suitable for the modern dynamic business environment.6.A company manufactures three products D,E and F which use the same resources(but in different amounts).In addition to these resources each unit of Product F uses a component which the company currently purchases from an external supplier for$80.The demand for the products in Month 1 and the details per unit of the three products are as shown below:财经网络教育领导品牌 _ 高顿网校 All Rights Reserved 版权所有 复制必究 4 There would be no incremental fixed costs incurred as a result of making the component in-house.In Month 1 the maximum availability of skilled labour is 5,400 hours but all other resources are readily available.The company bases all short term decisions on profit maximisation.Required:For legal reasons it will not be possible to produce Product F in Month 2.Demand for products D and E will be 3,000 units each in Month 2.No inventories can be held.The availability of resources in Month 2 is as follows:Direct materials 16,000kg Skilled labou 5,400hours Unskilled labour 5,000hours Machine hours 19,600hours Required:（b）(i)Identify the objective function and the constraints to be used in a linear programming model to determine the optimum production plan for Month 2.(ii)The solution to the linear programming model shows that the only binding constraints in Month 2 are those for skilled labour and unskilled labour.Produce,using simultaneous equations,the optimum production plan and resulting profit for Month 2.(You are NOT required to draw or sketch a graph.)（c）It has now been decided that Product F will be redesigned.A team will be formed with representatives from various departments in the company to undertake a Value Analysis exercise on Product F.Required:Describe the stages involved in a Value Analysis exercise.7.S Division and R Division are two divisions in the SR group of companies.S Division manufactures one type of component which it sells to external customers and also to R Division.财经网络教育领导品牌 _ 高顿网校 All Rights Reserved 版权所有 复制必究 5 R Division assembles one type of product which it sells to external customers.Each unit of that product requires two of the components that are manufactured by S Division.Details of R Division are as follows:Group Transfer Pricing Policy Transfers must be at opportunity cost.R must buy the components from S.S must satisfy demand from R before making external sales.Required:（a）Calculate the profit for each division if the external demand per period for the components that are made by S Division is:(i)15,000 components(ii)19,000 components(iii)35,000 components （b）Calculate the financial impact on the Group if R Division ignored the transfer pricing policy and purchased all of the 20,000 components that it needs from an external supplier for$170 each.Your answer must consider the impact at each of the three levels of demand(15,000,19,000 and 35,000 components)from external customers for the component manufactured by S Division.财经网络教育领导品牌 _ 高顿网校 All Rights Reserved 版权所有 复制必究 6 （c）The Organisation for Economic Co-operation and Development(OECD)produced guidelines with the aim of standardising national approaches to transfer pricing.The guidelines state that where necessary transfer prices should be adjusted using an“arms length”price.Required:Explain:(i)An“arms length”price(ii)The THREE methods that tax authorities can use to determine an“arms length”price.参与 CIMA 的考生可按照复习计划有效进行，另外高顿网校官网考试辅导高清课程已经开通，还可索取CIMA 考试通关宝典，针对性地讲解、训练、答疑、模考，对学习过程进行全程跟踪、分析、指导，可以帮助考生全面提升备考效果。更多详情可登录高顿网校官网进行咨询。更多 CIMA 考试资讯，请关注官方微信公众号：gaoduncima
