IIA IIA-CIA-Part3 Quiz 77 Topic 8 Questions 381-385

Question: 1

Refer to the exhibit.

q1_IIA-CIA-Part3

A company's financial balance sheet is presented below:

The company has net working capital of:

A$160

B$210

C$350

D$490

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Question: 2

What must be monitored in order to manage risk of consumer product inventory obsolescence?

1. Inventory balances.

2. Market share forecasts.

3. Sales returns.

4. Sales trends.

A1 only

B4 only

C1 and 4 only

D1, 2, and 3 only

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Question: 3

Which of me following rs appfccaWe lo both a job order cost system and a process cost system?

ATotal manufacturing costs are determined at the end of each period.

BCosts are summarized in a production cost repot for each department

CThree manufacturing cost elements are tracked direct materials direct labor and manufacturing overhead.

DThe unit cost can be calculated by dividing the total manufacturing costs for the period by the units produced during the period

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Question: 4

According to MA guidance on IT which of the following best describes a but recovery and restore processes have not been defined?

AHot recovery plan

BWarm recovery plan

CCold recovery plan.

DAbsence of recovery plan

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Question: 5

The head of the research and development department at a manufacturing organization believes that his team lacks expertise in some areas, and he decides to hire more experienced researchers to assist in the development of a new product. Which of the following variances are likely to occur as the result of this decision?

1. Favorable labor efficiency variance.

2. Adverse labor rate variance.

3. Adverse labor efficiency variance.

4. Favorable labor rate variance.

A1 and 2.

B1 and 4.

C3 and 4.

D2 and 3.

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IIA IIA-CIA-Part3 Quiz:77 Topic:8 Questions:381-385