Financial The Certified Internal Auditor-Part3 New(CIA-III) CIA-III-2012 Dumps in PDF

Free Financial CIA-III-2012 Real Questions (page: 4)

Listed below are selected line items from the cost-of-quality report for Company B for last month Category:


What is Company B's total prevention and appraisal cost for last month?

  1. US$786
  2. US$1,154
  3. US$1,940
  4. US$2,665

Answer(s): C

Explanation:

Answer C is correct. Prevention costs are incurred to prevent defects from occurring. An example is equipment maintenance. Appraisal costs are incurred to detect defective output during and after the production process. An example is product testing. Thus, total prevention and appraisal cost for the month equals US $1,940 (US$1,154 + US $786).



All of the following are generally included in a cost-of-quality report except:

  1. Warranty claims.
  2. Design engineering.
  3. Supplier evaluations.
  4. Lost contribution margin.

Answer(s): D

Explanation:

A cost-of-quality report includes most costs related to quality, specifically the costs of prevention, appraisal, internal failure, and external failure.



In Year 2, a manufacturing company instituted a total quality management (TQM) program producing the following report:

On the basis of this report, which one of the following statements is most likely true?

  1. An increase in prevention and appraisal costs resulted in a higher quality product and therefore resulted in a decrease in failure costs.
  2. An increase in inspection costs was solely responsible for the decrease in quality costs.
  3. Quality costs, such as scrap and rework, decreased by 48%.
  4. Quality costs, such as returns and repairs under warranty, decreased by 40%.

Answer(s): A

Explanation:

Answer A is correct. Prevention and appraisal costs increased substantially, but internal and external failure costs decreased. Thus, the soundest conclusion is that the increase in prevention and appraisal costs resulted in a higher-quality product.



Quality cost indices are often used to measure and analyze the cost of maintaining a given level of quality. One example of a quality cost index, which uses a direct labor base, is computed as:


Based upon these cost data, the quality cost index:

  1. Decreased four points from May to June.
  2. Was unchanged from May to June.
  3. Increased 10 points from May to June.
  4. Decreased 10 points from May to June.

Answer(s): A

Explanation:

The index for May was 40 [(US $4,000 + $6,000 + $12,000 + $14,000) + $90,000], and the index for June was 36 [(US $5,000 + $5,000 + $15,000 + $11.000) + $100,000].



Quality cost indices are often used to measure and analyze the cost of maintaining or improving the level of quality. Such indices are computed by dividing the total cost of quality over a given period by some measure of activity during that period (for example, sales dollars). The following cost data are available for a company for the month of March. The company's quality cost index is calculated using total cost of quality divided by sales dollars.



The quality cost index for March is:

  1. 7.5
  2. 6.5
  3. 22.0
  4. 5.9

Answer(s): A

Explanation:

The total cost of quality equals the sum of prevention costs (quality planning), appraisal costs (inspection and testing), internal failure costs (scrap and rework), and external failure costs (customer complaints and returns), or US $30,000 ($2,800 + $6,400 + $16,800 + $4,000). Thus, the quality cost index for March is 7.5 [(US $30,000 - US $400,000) x 100].



Share your comments for Financial CIA-III-2012 exam with other users:

K
Ko Htet
10/17/2023 1:28:00 AM

thanks for your support.

P
Philippe
1/22/2023 10:24:00 AM

iam impressed with the quality of these dumps. they questions and answers were easy to understand and the xengine app was very helpful to use.

S
Sam
8/31/2023 10:32:00 AM

not bad but you question database from isaca

B
Brijesh kr
6/29/2023 4:07:00 AM

awesome contents

J
JM
12/19/2023 1:22:00 PM

answer to 134 is casb. while data loss prevention is the goal, in order to implement dlp in cloud applications you need to deploy a casb.

N
Neo
7/26/2023 9:36:00 AM

are these brain dumps sufficient enough to go write exam after practicing them? or does one need more material this wont be enough?

B
Bilal
8/22/2023 6:33:00 AM

i did attend the required cources and i need to be sure that i am ready to take the exam, i would ask you please to share the questions, to be sure that i am fit to proceed with taking the exam.

J
John
11/12/2023 8:48:00 PM

why only give explanations on some, and not all questions and their respective answers?

B
Biswa
11/20/2023 8:50:00 AM

refresh db knowledge

S
Shalini Sharma
10/17/2023 8:29:00 AM

interested for sap certification

E
ethan
9/24/2023 12:38:00 PM

could you please upload practice questions for scr exam ?

V
vijay joshi
8/19/2023 3:15:00 AM

please upload free oracle cloud infrastructure 2023 foundations associate exam braindumps

A
Ayodele Talabi
8/25/2023 9:25:00 PM

sweating! they are tricky

R
Romero
3/23/2022 4:20:00 PM

i never use these dumps sites but i had to do it for this exam as it is impossible to pass without using these question dumps.

J
John Kennedy
9/20/2023 3:33:00 AM

good practice and well sites.

N
Nenad
7/12/2022 11:05:00 PM

passed my first exam last week and pass the second exam this morning. thank you sir for all the help and these brian dumps.

L
Lucky
10/31/2023 2:01:00 PM

does anyone who attended exam csa 8.8, can confirm these questions are really coming ? or these are just for practicing?

P
Prateek
9/18/2023 11:13:00 AM

kindly share the dumps

I
Irfan
11/25/2023 1:26:00 AM

very nice content

P
php
6/16/2023 12:49:00 AM

passed today

D
Durga
6/23/2023 1:22:00 AM

hi can you please upload questions

J
JJ
5/28/2023 4:32:00 AM

please upload quetions

N
Norris
1/3/2023 8:06:00 PM

i passed my exam thanks to this braindumps questions. these questions are valid in us and i highly recommend it!

A
abuti
7/21/2023 6:10:00 PM

are they truely latest

C
Curtis Nakawaki
7/5/2023 8:46:00 PM

questions appear contemporary.

V
Vv
12/2/2023 6:31:00 AM

good to prepare in this site

P
praveenkumar
11/20/2023 11:57:00 AM

very helpful to crack first attempt

A
asad Raza
5/15/2023 5:38:00 AM

please upload this exam

R
Reeta
7/17/2023 5:22:00 PM

please upload the c_activate22 dump questions with answer

W
Wong
12/20/2023 11:34:00 AM

q10 - the answer should be a. if its c, the criteria will meet if either the prospect is not part of the suppression lists or if the job title contains vice president

D
david
12/12/2023 12:38:00 PM

this was on the exam as of 1211/2023

T
Tink
7/24/2023 9:23:00 AM

great for prep

J
Jaro
12/18/2023 3:12:00 PM

i think in question 7 the first answer should be power bi portal (not power bi)

9
9eagles
4/7/2023 10:04:00 AM

on question 10 and so far 2 wrong answers as evident in the included reference link.

AI Tutor 👋 I’m here to help!