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Total 29 questions
Exam Code: CMA-Financial-Planning-Performance-and-Analytics                Update: Oct 15, 2025
Exam Name: CMA Part 1: Financial Planning - Performance and Analytics Exam

IMA CMA Part 1: Financial Planning - Performance and Analytics Exam CMA-Financial-Planning-Performance-and-Analytics Exam Dumps: Updated Questions & Answers (October 2025)

Question # 1

A fitness company produces workout video content and snares it online. The company has subscribers all over the world and its subscriber base has shown steady growth Management has approached a popular workout apparel company to discuss potential sponsorship opportunities. The goal is to impress the potential sponsor by showing the growth in total subscribers over the last 12 months. All of the following would be appropriate options for visualizing this data except a

A.

bar graph

B.

line graph

C.

pie chart

D.

table

Question # 2

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 changing to an activity-based system is that

A.

the overhead costs allocated to the special designs will likely increase because the special design requires proportionally more overhead activity

B.

the overhead costs allocated to the special designs will likely decrease Because demand for them has grown

C.

total production costs are likely to decline as department are held responsible for their costs

D.

the costs allocated to each product should not change but management will be able to control various components of the cost more effectively.

Question # 3

Collins Corporation manufactures its products in a highly automated, just-in-time environment and uses a standard cost system. The variance that would cause the least concern would be a

A.

6% unfavorable fixed overhead volume variance caused by work stoppages because of missing parts

B.

9% unfavorable material price variance caused by changing to a supplier that would support the company's just-in-time needs.

C.

30% unfavorable direct labor efficiency variance caused by idle time while waiting for goods to be received from a previous manufacturing department

D.

12% unfavorable variable overhead spending variance caused by keeping equipment running during times when there is no production activity

Question # 4

A scatterplot is an effective visualization technique that is used to

A.

compare and track the change in data points over multiple time periods.

B.

show the relationship of data points for two specific variables

C.

illustrate the composition of an aggregate data point that changes over several periods

D.

display the distribution of data points for a single variable

Question # 5

Sullivan Company's static Budget for the past year is 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

A.

$4,200,000.00

B.

$7,500,000.00

C.

$6,580,000.00

D.

$11,500,000.00

Question # 6

Which one of the following statements best describes data governance?

A.

The union of data quality, data management, data policies, and risk management

B.

A process of securing all company data points, both structured and unstructured

C.

The convergence of accounting data, finance data and information technology

D.

Performance of data-based audits on a continuous basis

Question # 7

Playtime inc. manufactures playground equipment and uses 60 board feet of lumber in each model no 643 produced The company, which anticipates selling 350 units of this model during April, plans to boost its finished goods inventory in April by 80 units in preparation for the peak summer season Playtime expects to manufacture 450 units in May Playtime has only 500 board feet of lumber on hand as of April 1 because of a temporary shortage, and typically maintains a lumber Inventory equal to 20% of the following month's production needs. On the basis of this information, how many board feet of lumber should the company plan to purchase in April?

A.

$30,700

B.

$31,200

C.

$31,700

D.

$31,900

Question # 8

A company had 100.000 shares of common stock issued and outstanding at January 1. During the year, the company took the following actions:

A.

$50.000

B.

$75,000.

C.

$100,000.

D.

$150,000

Question # 9

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

A.

Gains and losses on the sale of equipment

B.

Effect of a change in accounting method

C.

Realized gains on available-for-sale securities

D.

Foreign currency translation adjustments

Question # 10

In trying to predict the returns on the stock market, a novice investor collected data on the sightings of sperm whales off the eastern coast of North America and the performance of the Dow Jones Industrial Average (the Dow) A regression of the two variables resulted in a correlation coefficient of -0.90 or a coefficient of determination (r2) of 81%. The sightings of whales seemed to be negatively correlated with the performance of the Dow. The novice investor should

A.

conclude that there is a cause-and-effect relationship between the two variables

B.

track the sighting of sperm whales and buy the Dow when sightings are low: conclude that sperm whale sightings are a strong indicator of poor performance of the Dow

C.

conclude that the poor performance of the Dow leads to high sightings of sperm whales

D.

conclude that this is an example of spurious correlation

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Total 29 questions

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