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CMA-Financial-Planning-Performance-and-Analytics – CMA Part 1: Financial PlanningPerformance and Analytics Exam

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Showing 7–9 of 10 questions

Question 7 (SECTION: 1)

A timber company is evaluating its products to determine whether to continue to further process scrap wood into wood chips, or to just sell the scrap wood to another company. Which of the following statements best describes what the company should consider regarding the potential by-product?

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    The company should consider an of the manufacturing costs for Doth products beyond the split-off point.
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    The company should consider all joint costs throughout the process before it decides if it should process further.
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    The company should consider all of the separable costs throughout the process as it is incremental.
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    The company should consider the incremental operating income beyond the split-off point In Its decision.
Question 8 (SECTION: 1)

The master budget for a company contains me following production requirements.

Quarter 1— 50,000 units

Quarter 2 — 55,000 units

Quarter 3 — 45,000 units

Quarter 4 — 52,000 units

Each unit of product requires four pounds of direct material. The company has a policy to begin each quarter with an inventory of aired materials equal to 20% of that quarter's direct material requirements The budgeted direct mate da I purchases for the third quarter would be

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    36, 000 pounds
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    41,400 pounds
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    49, 400 pounds
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    185, 600 pounds
Question 9 (SECTION: 1)

Which one of the following statements best describes data governance?

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    The union of data quality, data management, data policies, and risk management
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    A process of securing all company data points, both structured and unstructured
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    The convergence of accounting data, finance data and information technology
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    Performance of data-based audits on a continuous basis