Free IMANET CMA-Strategic-Financial-Management Exam Questions

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Total 126 Questions | Updated On: Mar 20, 2026

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Question 1

Marsalls Products Inc. manufactures and sells two products CD-ROMs and DVD's. The latest forecast on me

products and their costs tor the coming year is shown in the following table.

Note 1: Fixed manufacturing cost of Si.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

The Manufacturing Team leader just informed the CEO that a fire occurred at one of the manufacturing lines

and that line would be unavailable for the next 12 months. The result is that mere will only be 400 000

machine Hours available The CEO requested the management team to revise the plan for the coming year

based on the new constraint. The Marketing Team leader stated that in order to minimize customer complaints

about the shortage, a minimum of 100,000 units of each product should be produced With the new information

from the Manufacturing and Marketing teams what is the optimal product mix for the coming 12 months''

Assume Marsalls can sell allot its production.

A : 100,000 CD-ROM's and 150,000 DVD'[s

B : 120.000 CD-ROM's 140,000 DVD.

C : 150.000 CD-ROMS and 125.000 DVD

D : 200,000 CD-ROm's a dn 100,000 DVD

Answer: D

Question 2

Studler’s Restaurant is considering a contract to supply the weal senior citizen center with 10,000 meals. Regular sales at regular prices would be unaffected. The food cost for each meal s S3 Additional costs incurred as a result of the contract would De variable overhead of S 50 and variable selling general and administrative costs of S SO per meal sold. The selling price per meal would be $5, A total of $20,000 in fixed costs would be allocated at $2 per meal. The fixed costs are part of an overall total of $500,000 in annual fixed costs incurred regardless of the contract. What will be the effect on pretax income if Studiers takes the special order?

A : $10, 000 increase

B : $10.000 decrease

C : $20, 000 increase

D : $20.000 decrease

Answer: A

Question 3

The best discount rate to the use for evaluate of investment opportunities is the

A : portunity cost of capital

B : k-free interest rate

C : erage market interest rate

D : t of the company's debt

Answer: A

Question 4

Which one of the following situations describes a secondary offering of stock by a company?

A : company has an initial public offering of its stock and its investment bank needs to add mote shares to the initial public offering to meet excess demand by investors

B : ter the lockup period of the initial public offering ends, the company 3 founders sell some of their shares to the public

C : company repurchases shares of its stock in the open market, but it then later sells these shares in the open market

D : ter completing its initial public offering, the company sells more new shares of its stock

Answer: B

Question 5

Which one or the following costs Is a variable product cost?

A : fice rent in a temporary staffing company

B : ant manager s salary for a computer chip manufacturer

C : yroll taxes based on the hourly wages of plant personnel

D : omotional materials distributed to raise brand awareness

Answer: C

Page: 1 / 26

Total 126 Questions | Updated On: Mar 20, 2026

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