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Free IMANET CMA Exam Questions

Absolute Free CMA Exam Practice for Comprehensive Preparation 

  • IMANET CMA Exam Questions
  • Provided By: IMANET
  • Exam: Certified Management Accountant
  • Certification: CMA
  • Total Questions: 1336
  • Updated On: May 24, 2026
  • Rated: 4.9 |
  • Online Users: 2672
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  • Question 1
    • A company enters into an agreement with a firm that will factor the company’s accounts receivable. The factor agrees to buy the company’s receivables, which average $100,000 per month and have an average collection period of 30 days. The factor will advance up to 80% of the face value of receivables at an annual rate of 10% and charge a fee of 2% on all receivables purchased. The controller of the company estimates that the company would save $18,000 in collection expenses over the year. Fees and interest are not deducted in advance. Assuming a 360-day year, what is the annual cost of financing? 

      Answer: D
  • Question 2
    • Total production costs of prior periods for a company are listed as follows. Assume that the same cost
      behavior patterns can be extended linearly over the range of 31000to 35.000 units and that the cost
      driver for each cost is the number of units produced.
      CMA-page652-image499
      What is the average cost per unit at a production level of 8,000 units for costX? 

      Answer: A
  • Question 3
    • The Summers Company manufactures a vanity of industrial valves. Current’, the company is
      operating at about 70?pacity and is earning a satisfactory return on investment. Management has
      been approached by Glasgow Industries Ltd. of Scotland with an offer to buy 120.000 units of a
      pressure valve. Glascow manufactures a valve that is almost identical to Summers’ pressure valve;
      however, a fire in Glascow Industries’ valve plant has shut down its manufacturing operations.
      Glascow needs the 120,000 valves over the next 4 months to meet commitments to its regular
      customers; the company is prepared to pay $19 each for the valves. FOB shipping point. Summers’
      product cost, based on current attainable standards. for the pressure valve is
      CMA-page652-image658
      Manufacturing overhead is applied to production at the rate of $18 per standard direct labor hour
      This overhead rate is made up of the following components How many additional direct Labor hours
      would be required each month to fill the Glascow order?

      Answer: B
  • Question 4
    • The served market share 

      Answer: C
  • Question 5
    • Sensitivity analysis is used in capital budgeting to 

      Answer: B
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