Free IMANET CMA-Financial-Planning-Performance-and-Analytics Exam Questions

Become IMANET Certified with updated CMA-Financial-Planning-Performance-and-Analytics exam questions and correct answers

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Total 115 Questions | Updated On: Mar 24, 2026

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Question 1

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

A : ins and losses on the sale of equipment

B : fect of a change in accounting method

C : alized gains on available-for-sale securities

D : reign currency translation adjustments

Answer: D

Question 2

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

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 3

Which oneof the following best describes the difference between a normal costing system and an actual costing system?

A : rect labor cost is estimated using a predetermined rate under a normal costing system, while it is the actual value under an actual costing system.

B : rect material cost is estimated using a predetermined rate under a normal costing system while it is the actual value under an actual costing system

C : ctory overhead cost is estimated using a predetermined rate under a normal costing system,while it is me actual value under an actual costing system.

D : th direct labor cost and direct material cost are estimated using a predetermined rate under a normal costing system, while they are the actual value under an actual costing system

Answer: C

Question 4

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?

A : 256.

B : 295.

C : 320.

D : 340.

Answer: A

Question 5

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

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

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

C : learning rate is assumed to be constant

D : is appropriate only for labor-intensive repetitive tasks

Answer: A

Page: 1 / 23

Total 115 Questions | Updated On: Mar 24, 2026

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