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CIMA Operational P1 Question # 20 Topic 3 Discussion

P1 Exam Topic 3 Question 20 Discussion:
Question #: 20
Topic #: 3

A company develops computer software programs to meet each client's specific requirements. The management accountant is considering introducing a standard costing system.

Which THREE of the following are reasons that support the case for the company's introduction of a standard costing system?
A.

It will enable the company to make a direct comparison of costs for each program developed.

B.

It will enable the company to better focus on the quality of its service.

C.

It will provide a system of control.

D.

It will aid the budget setting process.

E.

It will simplify the work-in-progress valuation.

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Actual exam question for CIMA P1 exam by Echo2675 at May 5, 2026, 1:51:17 AM

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