Cma exam questions samples

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To provide candidates with a brief view of some of the types of questions on the CMA ® (Certified Management Accountant) exam, the following are five with correct answers and explanations for each.

You can also check out these additional practice multiple-choice and essay questions to test your CMA knowledge.

CMA Exam Part 1:

    A company has a fixed overhead volume variance that is $10,000 unfavorable. The most likely cause for this variance is that

a. supervisory salaries were more than planned.
b. supervisory salaries were less than planned.
c. production was more than planned.
d. production was less than planned.

a. sales to customers and the collection of cash receipts for those sales.
b. the purchase and payment of supplies and services it consumes.
c. the hiring, training, and payment of employees.
d. the investment of capital, borrowing money, payment of interest, and loan repayments.

CMA Exam Part 2:

    In analyzing the short-term liquidity of a firm, many analysts prefer to use the quick (or acid test) ratio rather than the current ratio. The primary reason for this preference is that the

a. quick ratio excludes accounts receivable.
b. current ratio includes marketable securities that may be mispriced.
c. pro-forma cash flow statements focus on cash only.
d. conversion of inventory into cash is less reliable.

a. tolerable.
b. inherent.
c. residual.
d. uninsurable.

a. $325,000.
b. $400,000.
c. $465,000.
d. $535,000.