CIMA – Management Accounting (P1)

Updates for the material for 2019–20 sittings

Contact for further corrections- dsr07715@gmail.com
Amendments required to Study Text (ISBN 978-1-78740-196-9)

Study Amendment
Text
Page
55 Chapter 2 TYU5 The March absorption costing profit totals $375, not $357
82 Chapter 3 TYU2 Product F uses 4 hours and it's total cost should be $480 (not ($240)
110 Chapter 4 TYU6 The selling price for Product D should be $2.80, not $2.60
157 Chapter 5 TYU1 The standard sales price is 18.25, not 18.52.
173 Chapter 5 In the calculation of the fixed overhead volume variance there is a reference to actual
Example 11 cost that should state actual output
214 Chapter 6 TYU9 The text at the top of this page should read:

246 Example 1 The information regarding Product 1, Product 2 and Product 3: 2nd Row is Semi-Skilled
labour.
218 Chapter 6 In the calculation of the materials price variance the actual cost is $194,400 (not
Example 7 $194,000)
223 Chapter 6 TYU5 The actual profit for kitchens is 6.5, not 6.2
224 Chapter 6 TYU5 In the calculation of the sales quantity profit variance, the Kitchen variance is
favourable (not adverse)
228 Chapter 6 TYU7 In the calculation of the labour efficiency variance the standard rate per hour is $6,
not $8.
229 Chapter 6 TYU7 The total planning variance is $16,800, not $1,800.
288 Chapter 7 TYU2 The answers to parts (ii) and (iii) of the answer are missing and are as follows:

Updated: 31 October 2019

 CIMA – Management Accounting (P1)
Updates for the material for 2019–20 sittings

292 Chapter 7 TYU6 Part (b) part (i)

The 25% extra variable costs have been added to product Y.
325 Chapter 8 TYU1 In the low level calculation the semi-variable cost is $11,100, not $11,000
360 Chapter 9 TYU3 Cost variance for Heating and lighting is 250F, Not 250(A)
397 Chapter 10 The replacement driver cost is $800, not $80
Example 7
438 Chapter 11 TYU 2 Selling price is missing 120$/unit

458 Chapter 11 TYU 5 Final Solution is correct but, it should be 500-400/400=25% instead of 500/400=25%

463 Chapter 11 TYU11 The contribution for the standard product is $380, not $390
464 Chapter 11 TYU 13 It is missing Solutions, 1st is Not true and 3rd is also not true.
486 Chapter 12 The total in the row for Material B is 1,360 and the labour total is 1,760
Example 1
Other Suggestions/Errors for next edition
Page 247 Chapter 7, Section 4 On Page 247, There are two different techniques that can be used to create cash budget
but no explanation given with regards with 2nd method i.e. A balance sheet forecast. If it
isn't in syllabus it should be suggested such topic won't be in Examinable in note.
Page 261 Chapter 7, Section 6 Reasons for rolling budget is repeated on page 262. should be corrected in next edition.

Page 366 Chapter 10, Section 2 At the end of page In Characteristic of relevant costs, A Para of avoidable cost is copy
pasted which is already printed on page 370.

Page 397 Chapter 10, Example The heading for Example 4 isn't printed which makes the reader confused.
4 Solution

Page 408 Chapter 10, TYU 7 The line is repeated which confuses the user, "We can now determine whether Material
Solution A or Material B is a limiting factor:" It is correct at top of page but repeated again at
middle which is incorrect.

Amendments required to Exam Practice Kit (ISBN 978-1-78740-208-9)

Exam Amendment
Kit
Page
21 Questions 79 This question should ask for the weighted average rather than the individual units
method
85 Answers 36 and 37 The answers to questions 36 and 37 are in the wrong order.
95 Answer 75 The correct answer for this question is the adverse labour rate variance for October
is $3,900
128 Answer 218 The contribution per $ of material for product E2 is 0.88, not 0.8
136 Answer 242 The third calculation should start with $30, not 330.

Amendments required to Revision Cards (ISBN 978-1-78740-217-1)

Rev Amendment
Cards
Page

Amendments required to Integrated Workbook

IWB Amendment
Page
21 and Chapter 2 Both instances of 21,00 should be 21,000
35
39 Chapter 2 Example 5 In the solution for marginal cost the mark up is calculated by multiplying by 1.30,
not 1.40

Updated: 31 October 2019

 CIMA – Management Accounting (P1)
Updates for the material for 2019–20 sittings
64 Chapter 4 Example 2 The second column relates to the extra variable cost per kg, not the variable cost
per unit

Found another error? Please let us know on mykaplanreporting@kaplan.com – do provide as much

information as possible including the name/page of the book and/or question number. Thanks.

Updated: 31 October 2019