CMA Part 1
Practice Exams

Practice Exam 1
Practice Exam 2
Practice Exam 3
Practice Exam 4
Practice Exam 5
Practice Exam 6
Practice Exam 7
Practice Exam 8
Practice Exam 9
Practice Exam 10

CMA Part 1 Practice Exam 2

Continue your Certified Management Accountant exam preparation with our second free CMA Part 1 practice test. These CMA Part 1 practice questions provide realistic practice across Financial Planning, Performance, and Analytics, with detailed explanations to help you learn from mistakes and reinforce important concepts.

Next: CMA Part 1 Practice Exam 3

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Part 1 Practice Exam 2

CMA Part 1
Practice Exams

CMA Part 1 Practice Exam 2

Quiz Summary

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Results

Results

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1. Question

Which budgeting technique focuses on the costs of activities needed to produce a product or service, rather than focusing on departmental line items?

2. Question

Under Zero-Based Budgeting, every ‘decision package’ must:

3. Question

A ‘rolling budget’ is most effective for:

4. Question

When using the high-low method to separate fixed and variable costs, which of the following data points should be selected?

5. Question

In a regression analysis, the ‘Standard Error of the Estimate’ indicates:

6. Question

A manufacturing firm discovers that the first unit of a new product took 100 hours to produce. If the firm experiences an 80% cumulative learning curve, how many total hours will be required to produce the first four units?

7. Question

In a standard master budget sequence for a manufacturing company, which of the following budgets must be prepared before the production budget?

8. Question

A company’s production budget shows 5,000 units to be produced. Each unit requires 2 pounds of material. Beginning inventory is 400 pounds, and the company wants ending inventory to be 600 pounds. How many pounds of material must be purchased?

9. Question

A company anticipates selling 20,000 units. It has 2,000 units in beginning inventory and wants 3,000 units in ending inventory. How many units should be produced?

10. Question

Which of the following would be found on a budgeted balance sheet but NOT on a budgeted income statement?

Next: CMA Part 1 Practice Exam 3

CMA Part 1Practice Exams

CMA Part 1 Practice Exam 2

Quiz Summary

Information

Results

Results

Categories

1. Question

Which budgeting technique focuses on the costs of activities needed to produce a product or service, rather than focusing on departmental line items?

2. Question

Under Zero-Based Budgeting, every ‘decision package’ must:

3. Question

A ‘rolling budget’ is most effective for:

4. Question

When using the high-low method to separate fixed and variable costs, which of the following data points should be selected?

5. Question

In a regression analysis, the ‘Standard Error of the Estimate’ indicates:

6. Question

A manufacturing firm discovers that the first unit of a new product took 100 hours to produce. If the firm experiences an 80% cumulative learning curve, how many total hours will be required to produce the first four units?

7. Question

In a standard master budget sequence for a manufacturing company, which of the following budgets must be prepared before the production budget?

8. Question

A company’s production budget shows 5,000 units to be produced. Each unit requires 2 pounds of material. Beginning inventory is 400 pounds, and the company wants ending inventory to be 600 pounds. How many pounds of material must be purchased?

9. Question

A company anticipates selling 20,000 units. It has 2,000 units in beginning inventory and wants 3,000 units in ending inventory. How many units should be produced?

10. Question

Which of the following would be found on a budgeted balance sheet but NOT on a budgeted income statement?

Next: CMA Part 1 Practice Exam 3

CMA Part 1
Practice Exams