CompTIA
Checkpoint
ISC
HP
Dell
EC-Council
EXIN
Fortinet
ITIL®
Juniper
PMI
Microsoft
VMware
Avaya
Google
Salesforce
Amazon
Palo Alto Networks
Certiport
ISC2
All Vendors
  2. Home
  3. Exams
  4. Financial
  5. CMA

Free CMA Exam Braindumps (page: 112)

Page 112 of 336
PDF with 1336 Questions
View Related Case Study

A cost that may be eliminated by performing an activity more efficiently is a(n)

  1. Opportunity cost.
  2. Avoidable cost.
  3. Cost driver.
  4. Indirect cost.

Answer(s): B

Explanation:

Avoidable costs are those that may be eliminated by not engaging in an activity or by performing it more efficiently.



View Related Case Study

Costs are allocated to cost objects in many ways and for many reasons. Which one of the following is a purpose of cost allocation?

  1. Evaluating revenue center performance.
  2. Measuring income and assets for external reporting.
  3. Budgeting cash and controlling expenditures.
  4. Aiding in variable costing for internal reporting.

Answer(s): B

Explanation:

Cost allocation is the process of assigning and reassigning costs to cost objects. It is used for those costs that cannot be directly associated with a specific cost object. Cost allocation is often used for purposes of measuring income and assets for external reporting purposes. Cost allocation is less meaningful for internal purposes because responsibility accounting systems emphasize controllability', a process often ignored in cost allocation.



View Related Case Study

Which one of the following is least likely to be an objective of a cost accounting system?

  1. Product costing.
  2. Department efficiency.
  3. Inventory valuation.
  4. Sales commission determination.

Answer(s): D

Explanation:

A cost accounting system has numerous objectives, including product costing, assessing departmental efficiency, inventory valuation. income determination, and planning, evaluating, and controlling operations. Determining sales commissions is not an objective of a cost accounting system because such commissions are based on sales, not costs.



View Related Case Study

When a firm prepares financial reports by using absorption costing,

  1. Profits will always increase with increases in sales.
  2. Profits will always decrease with decreases in sales.
  3. Profits may decrease with increased sales even if there is no change in selling prices and costs.
  4. Decreased output and constant sales result in increased profits.

Answer(s): C

Explanation:

In an absorption costing system, fixed overhead costs are included in inventory When sales exceed production, more overhead is expensed under absorption costing due to fixed overhead carried over from the prior inventory. If sales increase over production, more than one period's overhead is recognized as expense. Accordingly, if the increase in overhead expensed is greater than the contribution margin of the increased units sold, profit may be lower with an increased level of sales.



Page 112 of 336



Post your Comments and Discuss Financial CMA exam with other Community members:

nancy commented on March 16, 2024
Good to learn from here
INDIA
upvote

Tacy commented on October 18, 2023
Awesome content
Anonymous
upvote

Georgodino commented on April 29, 2021
The study package is helpful in passing your exam since the practice questions are copied from real exam. But in order to learn the modules in details you need books.
ARGENTINA
upvote

Joe commented on May 16, 2019
Just Bought it, will share result with you.
Anonymous
upvote

emad hamdy commented on May 03, 2019
great for passing not so good for learning. Just use it as cheat sheet.
UNITED STATES
upvote

Amer Alnajjar commented on March 11, 2019
Still the test is under process
Anonymous
upvote

Exam Passer commented on December 06, 2018
I wrote the exam yesterday and it was a great success. Good job guys.
UNITED ARAB EMIRATES
upvote

Muhannad commented on October 09, 2018
Easy way to download
Anonymous
upvote

Harshavardhan Yedla commented on October 02, 2017
good
UNITED STATES
upvote

James commented on February 23, 2017
Ok just downloaded this exam....looks pretty damn good to me..I think this will help me pass easily.
UNITED STATES
upvote

RYAN commented on December 24, 2016
I JUST BOUGHT THIS AND I WILL BE SURE IT IS HELPFUL!! I'LL LET YOU KNOW AFTER TAKING EXAM.
UNITED STATES
upvote

KT commented on December 17, 2016
I just bought the test bank. I will provide a feedback once I start going through it and studying.
UNITED STATES
upvote

Sachin commented on May 16, 2016
Seems to be a great Stuff. Needs to prepare for the exam and hope it will be very useful.
UNITED ARAB EMIRATES
upvote

Sairam Beeman commented on January 05, 2016
very bad. pdf e-book not downloading. Latest updated questions not available. Waste of money. Don't buy this product.
UNITED STATES
upvote

Mik commented on October 08, 2015
I have difficulties downloading the CMA material! I hope that the product is right. Could anyone help me in downloading this please?
JORDAN
upvote