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CMA-Financial-Planning-Performance-and-Analytics Exam Dumps : CMA Part 1: Financial Planning - Performance and Analytics Exam

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CMA Part 1: Financial Planning - Performance and Analytics Exam Questions and Answers

Question 1

Faxton and Rexford are competitor in the same industry Faxton utilizes an incentive program mat focuses solely on net income Rexford uses customer service and employee development in addition to net income in its incentive program. Over time. Faxton can be expected to

Options:

A.

have higher sales growth than Rexford due to management s strong focus

B.

be less likely to misstate earnings due to the importance of earnings to management

C.

be more profitable than Rexford initially Put lose this advantage

D.

consistently be more profitable than Rexford due to not funding training programs

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Question 2

A company has two service departments Security and Human Resources and two operating departments Assembly and Finishing Cost data for these departments are shown below

To determine the full costs of conducting Business m the operating departments the company allocates service department costs to the operating departments Security costs are allocated based on the number of employees and Human Resources costs are allocated based on the number of Human Resources hours used using the step-down method, what amount of Security costs would be allocated to the Assembly department?

Options:

A.

$12,727.

B.

$13,333.

C.

$18,773.

D.

$20,000.

Question 3

Huaxia Manufacturing's standard cost card for product GH1 includes the following:

During the month of June, Huaxia produced 12,300 units. The purchasing department purchased 30,400 yards of fabric for a total cost of $100,320. The production department used 25.300 yards of fabric in June. What is Huaxia's direct materials price variance for the month of June?

Options:

A.

$2,450 unfavorable

B.

$6,080 favorable

C.

$14,220 unfavorable

D.

$11,770 unfavorable