Free CMA-FINANCIAL-PLANNING-PERFORMANCE-AND-ANALYTICS Exam Braindumps
CMA Part 1: Financial Planning - Performance and Analytics Exam Questions 36–40 (page: 9)

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

Sportsman inc. manufactures ceramic sports-related figurines. The company's oldest lines are mass produced in a standard variety of colors and designs. A few years ago in an effort to increase sales, the company began accepting special orders with modified designs in school colors. The minimum order for these special designs is 100 units. The special orders have become very popular and now represent one quarter of the units produced.
Estimates for the year follow.



Design costs manufacturing overhead and materials handling costs are budgeted at $700.000 for the year Sportsman has always used a traditional cost allocation system using aired labor hours as the allocation base but is considering an activity based costing system. The most likely result of changingto an activity-based system is that:

As part of the COSO Internal Control Framework segregation of duties and documentation areincluded in which of the components of the COSO model below?

Sullivan Company's static Budget for the past yearis shown below.



Sullivan actually sow 11.000.000 units throughout the year which was a quantity within its relevant range. The flexible budget net income that should be used to compare to actual results is

GorCo anticipates 10% sales growth each month for the next three months, and plans to sell 120.000 units offinished goods In the first month. The company plans production so that ending inventory is equal to 5% of the next month's budgeted sales On GorCo's production budget for the second month the number of finished goods units to be produced would be