CIMA P1 Question Answer
The budgeted production of product G for the period was 300 units. At the end of the period it was discovered that the standard hourly rate for labour should have been higher than that originally planned. Actual production was 450 units.
The labour rate planning variance would be calculated as:
CIMA P1 Summary
- Vendor: CIMA
- Product: P1
- Update on: Jul 29, 2025
- Questions: 260