Cima p2 - Study guides, Class notes & Summaries

- Everything you need to pass P2 - Detailed 40 pages of notes, complete with diagrams, graphs and formulae - My score: 79%

When is JIT least beneficial? - ANSWER Seasonal demand, 75% of output is sold in the Christmas trading season. This will make it very unlikely that zero inventory can be held in the run up to the Christmas season. It is hard for a business to change the pattern of sales demand so this is the scenario where JIT is least likely to be beneficial. Target costing... - ANSWER is appropriate for designing a product that is capable of making profits at the predicted selling price. Value analysis...

*Would really appreciate any reviews!* I have prepared consolidated notes from the full P2 Advanced Management Accounting syllabus, based on Kaplan's course books, which I would like to share to support any CIMA student aspiring to complete their exams, whilst utilizing their study time most efficiently. The entire module is made up of 12 chapters, which I have prepared detailed notes for each chapter of the entire syllabus in a condensed version, to save crucial study time which can be o...

1. Target Costing Formula Expected Selling Price - Required Profit 2. Cost Gap Current/estimated cost - target cost 3. Addressing cost gap? 4. Life Cycle Cost- ing (LCC) 5. Product Life Cy- cle (PLC) 6. Product Life Cy- cle - Introductory Stage 7. price penetration strategy 8. price skimming strategy How to reduce cost/identify where excess cost coming from? One way to do this may be to mechanize the pro- duction process to reduce wastage accumulation of costs for act...

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