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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

Grayson Inc. experienced the following costs per unit this year for one of the direct materials involved in producing its main product

3.1 pounds @ $4 20 per pound = $13.02 per finished unit

For the next year. Grayson expects to produce 7.400 finished units. The price per pound of the direct material is expected to rise 10%. To combat this increase. Grayson has adapted its manufacturing process to reduce the amount of the direct material needed per finished unit by 5% What is the direct materials budget for the next year?

Options:

A.

$91,531

B.

$100,684

C.

$101,165

D.

$105,983

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Question 2

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

Question 3

A company extracts data from existing data sets to identify customer patterns By doing this, the company is applying

Options:

A.

descriptive analysis

B.

diagnostic analysis

C.

predictive analysis

D.

prescriptive analysis