Smartly Prepare Exam with Free Online CMA-Financial-Planning-Performance-and-Analytics Practice Test

We offer the latest CMA-Financial-Planning-Performance-and-Analytics practice test designed for free and effective online CMA Part 1 Financial Planning, Performance, and Analytics certification preparation. It's a simulation of the real CMA-Financial-Planning-Performance-and-Analytics exam experience, built to help you understand the structure, complexity, and topics you'll face on exam day.

Question 1

A heating. ventilation, and air conditioning (HVAC) company estimates that n takes a new team of technicians 100 labor hours to install its first HVAC system and that there is an 80% learning rate What are theestimated

total labor hours for a new team to complete its first four installations?

Options :

A : 256.

B : 295.

C : 320.

D : 340.

Answer: A

Question 2

A company had 100.000 shares of common stock issued and outstanding at January 1. During the year, the

company took the following actions:

CMA-Financial-Planning-Performance-and-Analytics-page55-image8

Options :

A :

$50.000

B : $75,000.

C : $100,000.

D : $150,000

Answer: C

Question 3

Collins Corporation manufactures its products in a highly automated, just-in-time environment and uses a standard cost system. The variance that would cause the least concern would be a

Options :

A : 6% unfavorable fixed overhead volume variance caused by work stoppages because of missing parts

B : 9% unfavorable material price variance caused by changing to a supplier that would support the company-s just-in-time needs.

C : 30% unfavorable direct labor efficiency variance caused by idle time while waiting for goods to be received from a previous manufacturing department

D : 12% unfavorable variable overhead spending variance caused by keeping equipment running during times when there is no production activity

Answer: B

Question 4

All of the following are limitations of teaming curve analysis except that

Options :

A : the learning rate tends to be affected by seasonality in sales

B : the estimated learning rate might be unreliable because other factors could have caused the change

C : the learning rate is assumed to be constant

D : it is appropriate only for labor-intensive repetitive tasks

Answer: A

Question 5

Which one of the following items is included in accumulated other comprehensive income?

Options :

A : Gains and losses on the sale of equipment

B : Effect of a change in accounting method

C : Realized gains on available-for-sale securities

D : Foreign currency translation adjustments

Answer: D