This page was exported from Exams Labs Braindumps [ http://blog.examslabs.com ] Export date:Thu Nov 21 9:36:10 2024 / +0000 GMT ___________________________________________________ Title: Get Dec-2022 Dumps to Pass your CMA-Financial-Planning-Performance-and-Analytics Exam with 100% Real Questions and Answers [Q41-Q58] --------------------------------------------------- Get Dec-2022 Dumps to Pass your CMA-Financial-Planning-Performance-and-Analytics Exam with 100% Real Questions and Answers Updated Exam CMA-Financial-Planning-Performance-and-Analytics Dumps with New Questions QUESTION 41If a company s disaster recovery planning includes the use of a cold site the company will  resume Its business processes immediately at a remote site with no preinstalled equipment  restore its IT function after equipment is made ready at a site with prewired IT access  restart its IT operations using the real-time mirroring performed at the cold site  relaunch its major business processes from a site with preinstalled equipment QUESTION 42A company s accounting department is run by only one accountant. Which one of the following can be implemented as a detective control?  Require the accountant to double-check his work  Require the accountant to update cash balance regularly  Train another employee to perform bank reconciliations  Train another employee to record journal entries. QUESTION 43Edward Pane is an external auditor who is seeking an understanding of the cash receipts process at his new client Pane decides to use a flowchart to analyze the operations for efficiency and control. Which one of the following statements is true with respect to the decision to use a flowchart for this purpose?  Pane should not use a flowchart as it is used primarily after the risks have been identified  Pane should not have selected a flowchart as it is better suited to help with compliance testing of existing controls  Pane property selected the flowchart as a tool to match each of the risks to the corresponding primary control  Pane properly selected the flowchart as it will help to depict the process and identify any missing or inadequate controls QUESTION 44A company manufactures dining tables. The variable costs per unit are as follows.Other costs are fixed and include advertising costs of $45,000 per year administrative costs of $55,000 annually and fixed manufacturing overhead of S250.000 per year based on Budgeted production of 10.000 dining tables There was no beginning inventory During the prior year, a total of 10.000 dining tables were manufactured, with 9 000 dining tables sold at $100 each Based on the above information what would be the cost of the ending finished goods inventory under absorption (full) costing?  $45,000.  $70,000.  $80,000.  $100,000. QUESTION 45Aeronautics Inc. has designed a new airplane that entails an extremely complex manufacturing process Upon reviewing the market Aeronautics’ management believes the price of the plane will need to be set below current manufacturing costs. Some on the management team have recommended stopping the project, however, the CFO believes that the plane will become profitable in the near future. The CFO most likely used which forecasting method?  Time series.  Learning curve analysis  Exponential smoothing  Cost-volume-profit analysis QUESTION 46Hill Corporation sola some of its accounts receivable including one from Custom Company, to Dale incorporated without recourse, Because of this transaction.  Dale incorporated has no recourse against mil Corporation  Hill Corporation has no recourse against Dale Incorporated  Custom Company has no recourse against Hill Corporation  Custom Company has no recourse against Dale incorporated QUESTION 47The purchasing team manager of a large car retailer is responsible for purchasing cars for the Pest price and managing his team’s payroll costs. Once the car is purchased the sales team manager is responsible for setting the prices. Which one of the following statements best describes the team s responsibilities’?  The purchasing team is an investment center and the sales team is a revenue center  The purchasing team is a cost center, and the sales team is an investment center.  The purchasing team is an investment center and the sales team is a profit center  The purchasing team is a cost center, and the sales team Is a revenue center QUESTION 48Marsalis Products Inc. manufactures and sells batteries and cables for computers. The latest information on the products and their costs is shown in the following table.Note: 1 Fixed manufacturing cost of S1.500,000 per year is allocated to products based on the number of machine hours required to produce the product at a rate of S3 per machine hour.Based on the information above, what is the annual amount of earnings before interest and taxes (EBIT)?  $1,460,000.  $2,920,000.  $2,960.000.  $4,420,000. QUESTION 49COSO’s Internal Control-Integrated Framework is the widely accepted internal control framework in the U S Five major Internal control components are Included in this framework Control environment consists of  management s identification and analysis of risks relevant to the preparation of financial statements according to generally accepted accounting principles  management’s ongoing and periodic assessment of the quality of internal control performance to determine if controls are operating as intended  policies and procedures that management has established to meet its objectives for financial reporting  the actions, policies, and procedures that reflect the overall attitudes of top management directors and owners about internal control QUESTION 50What is the best type of accounting system control to help prevent improper manipulation of data and to ensure the continued, satisfactory use of the hardware and software?  Processing controls such as limiting access  Output controls such as a maximum check  input controls such as a limit check  Throughput controls such as a hash total QUESTION 51A 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 of the 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 of the inventory would be  $34,200.  $35,000.  $35,200.  $35, 800. QUESTION 52in times of declining prices using the Last-in First-Out (LIFO) cost flow assumption rather than the First-in, First-Out (FIFO) assumption will yield  higher assets and higher income  higher assets and lower Income  lower assets and higher income  lower assets and lower income QUESTION 53Which one of the following best describes the difference between a normal costing system and an actual costing system?  Direct labor cost is estimated using a predetermined rate under a normal costing system, while it is the actual value under an actual costing system.  Direct material cost is estimated using a predetermined rate under a normal costing system while it is the actual value under an actual costing system  Factory overhead cost is estimated using a predetermined rate under a normal costing system, while it is me actual value under an actual costing system.  Both 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 QUESTION 54The best way to illustrate the entire distribution of numerical data for a single variable is with a  pie chart  bubble chart  histogram  heat map QUESTION 55The type of data anarytics mat seeks to identify the best action to take in oraer to achieve a desired result is  directive analytics  prescriptive analytics  diagnostic analytics  predictive analytics QUESTION 56A company recently used 500 direct labor hours to manufacture ten units of a new product, if the company employs the cumulative average-time learning model with a 90% learning curve, the number of direct labor hours the company would expect to use to produce the next ten units of this product is  500  475  450  400 QUESTION 57Trans Action inc. (TAI) is a multidivisional supplier of power train components to the automobile industry.Following is selected information for the year just ended for each of the three divisions. Gear Axle and Housing.The tai Board of Directors has decided to reward the employees or the divisions by allowing them to share in a bonus pool equal to S100.000 for each percentage point the return on investment (ROI) earned by their division exceeded the ROI of comparable firms as shown in the table below.Rank the amounts in the bonus pools for the respective divisions from highest to lowest.  Axle, Housing, Gear  Gear. Housing, Axle  Axle, Gear, Housing  Housing, Axle, Gear. QUESTION 58The master budget for a company contains me following production requirements.Quarter 1- 50,000 unitsQuarter 2 – 55,000 unitsQuarter 3 – 45,000 unitsQuarter 4 – 52,000 unitsEach unit of product requires four pounds of direct material. The company has a policy to begin each quarter with an inventory of aired materials equal to 20% of that quarter’s direct material requirements The budgeted direct mate da I purchases for the third quarter would be  36, 000 pounds  41,400 pounds  49, 400 pounds  185, 600 pounds  Loading … 100% Pass Guarantee for CMA-Financial-Planning-Performance-and-Analytics Exam Dumps with Actual Exam Questions: https://www.examslabs.com/IMA/CMA-Certification/best-CMA-Financial-Planning-Performance-and-Analytics-exam-dumps.html --------------------------------------------------- Images: https://blog.examslabs.com/wp-content/plugins/watu/loading.gif https://blog.examslabs.com/wp-content/plugins/watu/loading.gif --------------------------------------------------- --------------------------------------------------- Post date: 2022-12-23 11:08:08 Post date GMT: 2022-12-23 11:08:08 Post modified date: 2022-12-23 11:08:08 Post modified date GMT: 2022-12-23 11:08:08