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Certified Management Accountant (CMA) VIP Certification Exam
Certified Management Accountant — The CMA is administered by the Institute of Management Accountants (IMA) in two parts: Part 1 (Financial Planning, Performance, and Analytics) and Part 2 (Strategic Financial Management), each consisting of 100 MCQs plus 2 essay questions in a 4-hour window, with a passing score of 360 out of 500 points (72%).
61
Questions
90m
Time Limit
72.00%
To Pass
Question 1 of 61👑 VIP
Redwood Manufacturing uses a standard cost system. During March, it produced 4,200 units and recorded the following direct labor data: actual hours worked = 8,820; actual rate paid = $18.50/hour; standard hours per unit = 2.0; standard rate = $19.00/hour. What is the direct labor efficiency variance?
Questions 2–61 and full explanations are VIP-exclusive.