10 free CMA (IMA) practice questions in the real exam format, covering the official content areas, with an explanation for every answer.
CMA (IMA) Practice Test 4Tutor mode
Question 1 of 10
Performance Management
Granfield Furniture applies fixed manufacturing overhead using direct labor hours. Budgeted fixed overhead for the year was $480,000, based on a denominator level of 60,000 direct labor hours. Actual output allowed 56,000 standard hours; workers actually worked 57,500 hours, and actual fixed overhead was $492,000. The fixed overhead production-volume variance is