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Free CMA-FINANCIAL-PLANNING-PERFORMANCE-AND-ANALYTICS Exam Braindumps

For a manufacturing company what is the most Importantadvantage of using variable costing rather than absorption costing?

  1. Variable costing includes only variable direct and indirect costs in inventory which makes it more useful for short-term decision making and performance evaluation.
  2. Variable costingis the required inventory method for external reporting in most countries and therefore is less costly to implement
  3. Variable costing is cost-effective and Jess confusing to managers and is therefore more useful in performance evaluation.
  4. Variable costing measures the cost of all manufacturing resources, whether variable or fixed and thus provides the most complete cost.

Answer(s): A



A company expects sales of 225 000 units in April, 210 000 in May and 190 000 in June. The company maintains an ending Inventory each month of 25% of the next month's sales.

How many units should the company plan to produce in May?

  1. 205,000 units.
  2. 210,000 units
  3. 215.000 units
  4. 221,250 units

Answer(s): A



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

  1. Gains and losses on the sale of equipment
  2. Effect of a change in accounting method
  3. Realized gains on available-for-sale securities
  4. Foreign currency translation adjustments

Answer(s): D



A building materials retailer uses a LIFO method of valuing its inventory. The company has just introduced a new product. The following is the activity for the first month of this new product.

· Purchase of 3,000 units on the 2nd ofthe month at $5.00.

· Purchase of 6,000 units on the 12th of the month at $4.80.

· Purchase of 2,000 units on the 31st of the month at $5 60.

· Sales of the product were 4,000 units on the 20th of the month.

Using the periodic method, the ending value ofthe inventory would be

  1. $34,200.
  2. $35,000.
  3. $35,200.
  4. $35, 800.

Answer(s): C






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