A manufacturing company has fixed production overhead costs, direct material costs and direct labour costs.

CIMA P1 Question Answer

A manufacturing company has fixed production overhead costs, direct material costs and direct labour costs. The number of units of closing finished goods inventory is lower than the opening inventory.

Which of the following statements is true?

The profit using marginal costing will be higher than if absorption costing is used.

The profit using marginal costing will be higher than if throughput costing is used.

The profit using absorption costing will be higher than if marginal costing is used.

The profit using absorption costing will be higher than if throughput costing is used.

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CIMA P1 Summary

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Product: P1
Update on: Jul 29, 2025
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A company manufactures a single product.

A company is preparing its annual budget and is estimating the number of units of...

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A manufacturing company has fixed production overhead costs, direct material costs and direct labour costs.

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