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: Sep 11, 2025

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Question 1

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 2

Which one of the following is not considered to be a Benefit of participative budgeting?

A : nagers are held responsible for reaching their goals and cannot shift responsibility by blaming the unrealistic goals demanded by the budget.

B : dget estimates are prepared by those in direct contact with various activities

C : individuals at all organizational levels are recognized as being pan of the team resulting in greatersupport of the budget

D : When managers set the final targets for the budget, it reduces top management's concerns about theprofitability of operations

Answer: D

Question 3

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 4

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

A : $50.000

B : $75,000.

C : $100,000.

D : $150,000

Answer: C

Question 5

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

Page: 1 / 23

Total 115 Questions | Updated On: Sep 11, 2025

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