Best Quality IMA CMA-Financial-Planning-Performance-and-Analytics Exam Questions VCEPrep Realistic Practice Exams [2023]
Critical Information To CMA Part 1: Financial Planning - Performance and Analytics Exam Pass the First Time
NEW QUESTION # 30
The following information pertains to Wang Corporation which uses standard costing for its materials.
The following information pertains to Wang Corporation which uses standard costing for its materials.
What is me amount of the unfavorable material-related variance that would appear on a report to the production foreman?
- A. $4,000
- B. $5,600
- C. $6,000
- D. $5,000
Answer: C
NEW QUESTION # 31
Trans Action inc. (TAI) is a multidivisional supplier of power train components to the automobile industry.
Following is selected information for the year just ended for each of the three divisions. Gear Axle and Housing.
The tai Board of Directors has decided to reward the employees or the divisions by allowing them to share in a bonus pool equal to S100.000 for each percentage point the return on investment (ROI) earned by their division exceeded the ROI of comparable firms as shown in the table below.
Rank the amounts in the bonus pools for the respective divisions from highest to lowest.
- A. Gear. Housing, Axle
- B. Axle, Gear, Housing
- C. Housing, Axle, Gear.
- D. Axle, Housing, Gear
Answer: C
NEW QUESTION # 32
A company's return on investment will increase it expenses decrease by $100 and
- A. net profit remains unchanged
- B. total assets remain unchanged
- C. net profit decreases by $100
- D. sales decrease by $100
Answer: B
NEW QUESTION # 33
La Salle Company purchased 2.150 shares of Barry Chocolates Corporation's common stock at $25.16 per share on November 17 of last year. The broker's commission was $85. The shares were sold on January 11 of the current year for $27.50 per share. The broker's commission on the sale was $76 Barry declared and paid dividends of $0 50 per share on March 26. June 25. September 25. and December 23 during the last two years La Salle's current year income statement would reflect a realized gain of
- A. $5,022
- B. $4,870
- C. $5,031
- D. $4,946
Answer: B
NEW QUESTION # 34
Huaxia Manufacturing's standard cost card for product GH1 includes the following:
During the month of June, Huaxia produced 12,300 units. The purchasing department purchased 30,400 yards of fabric for a total cost of $100,320. The production department used 25.300 yards of fabric in June. What is Huaxia's direct materials price variance for the month of June?
- A. $2,450 unfavorable
- B. $6,080 favorable
- C. $14,220 unfavorable
- D. $11,770 unfavorable
Answer: B
NEW QUESTION # 35
A company's controller is preparing to allocate service department costs. The controller would like to use a cost allocation method that would be most accurate. The method the controller would most likely use is the
- A. reciprocal method
- B. direct method
- C. dual allocation method
- D. step-down method
Answer: A
NEW QUESTION # 36
GorCo anticipates 10% sales growth each month for the next three months, and plans to sell 120.000 units of finished goods In the first month. The company plans production so that ending inventory is equal to 5% of the next month's budgeted sales On GorCo's production budget for the second month the number of finished goods units to be produced would be
- A. 132,600.
- B. 132,660.
- C. 131,340.
- D. 132,000.
Answer: B
NEW QUESTION # 37
Which one of the following is the most important factor in the successful implementation of a balanced scorecard?
- A. Obtaining management buy-in and support
- B. Providing a feedback mechanism
- C. Linking the scorecard to external criteria
- D. Setting appropriate measurement criteria
Answer: C
NEW QUESTION # 38
A company extracts data from existing data sets to identify customer patterns By doing this, the company is applying
- A. predictive analysis
- B. diagnostic analysis
- C. descriptive analysis
- D. prescriptive analysis
Answer: C
NEW QUESTION # 39
Return on investment (ROI) is a performance measure that requires managers to respond to several factors that are under their Influence or control Decisions Intended to influence ROI are often from a short-term perspective and may conflict with the long-term objectives of the organization. This lack of goal congruence can be minimized by
- A. allowing different minimum returns for different investments.
- B. providing the manager with limitations on what can be used to influence the factors involved in computing the ROI.
- C. using the two components of ROI (investment turnover and return on sales) instead of only ROI.
- D. requiring multiple-year measures of ROI and evaluating these results along with the residual incomes from the same periods.
Answer: D
NEW QUESTION # 40
in order for the IT manager in cnarge of a company's disaster recovery plan to have complete planning documentation, he should ensure that the documentation includes all of the following except
- A. the phone numbers of key employees
- B. program and operating system documentation
- C. the results of the latest disaster recovery test run
- D. vendors who win set up the hot site
Answer: D
NEW QUESTION # 41
As part of the COSO Internal Control Framework segregation of duties and documentation are included in which of the components of the COSO model below?
- A. Risk assessment
- B. Operating environment
- C. Information and communication
- D. Control activities
Answer: D
NEW QUESTION # 42
Which one of the following items is included in accumulated other comprehensive income?
- A. Realized gains on available-for-sale securities
- B. Gains and losses on the sale of equipment
- C. Effect of a change in accounting method
- D. Foreign currency translation adjustments
Answer: D
NEW QUESTION # 43
An analytic model that seeks to find variables in a data set that will enable customer segmentation is a
- A. prediction analysis
- B. classification analysis
- C. market basket analysis
- D. clustering analysis
Answer: C
NEW QUESTION # 44
Mauer Company's master budget for next year indicates the following
- A. $30,000,000
- B. $37.950,000
- C. $40,500,000
- D. $39,950,000
Answer: B
NEW QUESTION # 45
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