CMA-FINANCIAL-PLANNING-PERFORMANCE-AND-ANALYTICS Dumps in PDF and Online

QUESTION: 11 Exam Topic: 1

The following information pertains to Wang Corporation which usesstandard costing for its materials.

The following information pertains to Wang Corporation which uses standard costing for its materials.

What is me amount of the unfavorable material-related variance that would appear on a report to the production foreman?

$4,000
$5,000
$5,600
$6,000

Answer(s): D

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QUESTION: 12 Exam Topic: 1

A corporation had foreign currency translation gains from converting the financial statements of its foreign operations into U.S dollars .How will these gains be reported on the corporation's financial statements?

As a current asset on the balance sheet
As a net increase in cash in the operating activities section of the statement of cash flows
As part of net income on the income statement
As part of comprehensive income on the income statement

Answer(s): D

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QUESTION: 13 Exam Topic: 1

Marsalis 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 Fixedmanufacturing 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 interestand taxes (EBIT)?