CMA Exam Video Tutorial

 “Not everything that can be counted counts, and not everything that counts can be counted.”- Albert Einstein The First CMA Video Tutorial Hello CMA Candidate! How are you doing with your CMA studies? Is the free study plan working out for you? The process can be tough, but keep going. It’ll be worth it once you get your CMA certificate. … Read More

CMA Exam: Budgeting Methodologies Question 2

 “Those who mind don’t matter, and those who matter don’t mind.” – Bernard M. Baruch The Question When budgeting, the items to be considered by a manufacturing firm in going from a sales quantity budget to a production budget would be the: A) Expected change in the quantity of finished goods and raw material inventories B) Expected change in the … Read More

CMA Exam: Budgeting Methodologies Question 1

“All our dreams can come true – if we have the courage to pursue them.” – Walt Disney The Question A budgeting approach that requires a manager to justify the entire budget for each period is known as? A) Flexible Budgeting B) Performance Budgeting C) Incremental Budgeting D) Zero-based Budgeting The Analysis

CMA Exam: Planning & Budgeting Question 3

“The surest way not to fail is to determine to succeed.” Richard Brinsley Sheridan The Question ABC Retailing Co. prices its products by adding 30% to its cost. ABC anticipates sales of $715,000 in March, $728,000 in April, and $624,000 in May. ABC’s policy is to have on hand enough inventory at the end of the month to cover 25% of … Read More

CMA Exam: Planning and Budgeting Question 2

“Along with success comes a reputation for wisdom.” Euripides The Question Budgetary Slack can be best described as: A) The planned overestimation of budgeted expenses B) The elimination of certain expenses to enhance budgeted income C) The planned underestimation of budgeted expenses D) A plug number used to achieve a pre-set level of operating income The Analysis