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CIMAPRO19-P01-1 Exam Questions & Answers

P1 Management Accounting  •  CIMA

260 Questions Updated Sep 2026 99% Pass Rate
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Sample CIMAPRO19-P01-1 Questions

Practice with real exam-style questions, each with the verified correct answer and explanation.

Q1 MultipleChoice

A manufacturing company has more units of finished goods inventory at the end of a period than at the beginning of the period.

Which of the following statements is true?

Correct Answer: A
Q2 MultipleChoice

Explain THREE benefits that organizations gain from using budgetary planning and control systems.

Select ALL the true statements.

Correct Answer: B, D, E, G
Explanation:

References:

Q3 MultipleChoice

A company makes a product using two materials, X and Y.

The standard materials required for one unit of the product are:

What is the direct material mix variance for Material X, using the individual valuation basis?

Correct Answer: A
Q4 MultipleChoice

A company has a budgeted contribution to sales (C/S) ratio of 30% and a budgeted operating profit margin of 20%. Budgeted sales were $100,000.

In month 2, actual production and sales volumes and all costs were as budgeted. The actual C/S ratio was 33% .

Which of the following statements, about the company's contribution and operating profit in month 2, is correct?

Correct Answer: A
Q5 MultipleChoice

The budgetary control report of XYZ for the latest period is shown below. Variances in brackets are adverse.

What is the sales volume profit variance?

Correct Answer: A

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Frequently Asked Questions

The CIMAPRO19-P01-1 is CIMA's P1 Management Accounting certification exam that tests foundational knowledge in management accounting principles and practices. This exam is ideal for aspiring management accountants, finance professionals, and anyone seeking to establish core competencies in cost accounting, budgeting, and financial analysis.

The CIMAPRO19-P01-1 exam typically consists of 60 multiple-choice questions that must be completed within 120 minutes. The exam is computer-based and uses a diverse question format to assess comprehensive understanding of management accounting concepts.

The exam covers essential management accounting areas including cost accounting, budgeting and forecasting, performance measurement, management of working capital, and relevant costing for decision-making. It also addresses business organizations, financial accounting fundamentals, and the role of management accountants in modern business environments.

To pass the CIMAPRO19-P01-1 exam, candidates typically need to achieve a minimum score of 50% or higher, though specific pass marks may vary by examination session. CIMA provides detailed feedback to unsuccessful candidates to help identify areas for improvement and retesting.

Effective preparation involves studying CIMA's official study materials, textbooks, and practicing with sample questions and mock exams. Many candidates benefit from enrolling in instructor-led courses or online learning programs, dedicating 100-150 hours to study, and forming study groups to reinforce key management accounting concepts.
Exam Details
  • Exam CodeCIMAPRO19-P01-1
  • VendorCIMA
  • Total Questions260
  • LanguageEnglish
  • Last UpdatedSep 3, 2026
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