SCM FINALS 2026 EXAM QUESTIONS
AND ANSWERS | 100% PASS
A staff position
a. Relates directly to the carrying out of the basic objectives of the
organization
b. Supportive in nature, providing service and assistance to other parts of
organization
c. Superior in authority to a line position
d. Both "a" and "b" are correct - 🧠ANSWER ✔✔b. Supportive in nature,
providing service and assistance to other parts of organization
,According to the IMA Code of Ethics a practitioner has the responsibility to
recognize professional limitations. Under which standard of ethical conduct
would this responsibility be included?
a. Competency
b. Confidentiality
c. Integrity
d. Objectivity - 🧠ANSWER ✔✔c. Integrity
Which of the following is not a product cost?
a. A processor used to product computers
b. A change in benefits for the union workers who work in the plant
c. A manager's salary for work performed in the corporate head office
d. Worker's compensation insurance on factory workers wages allocated to
the factory - 🧠ANSWER ✔✔c. A manager's salary for work performed in the
corporate head office
The amount of income under absorption costing will be more than the
amount of income under variable costing when units manufactured:
a. exceed units sold
, b. equal units sold c. are less than units sold
d. are equal to or greater than units - 🧠ANSWER ✔✔a. exceed units sold
After the level of volume exceeds the break-even point
a. the contribution margin ratio increases.
b. total fixed costs per unit will remain constant.
c. the total contribution margin will turn from negative to positive.
d. the total contribution margin exceeds the total fixed costs. - 🧠ANSWER
✔✔d. the total contribution margin exceeds the total fixed costs.
Activity-based costing systems:
a. use a single, volume-based cost driver.
b. typically use fewer cost drivers than more traditional costing systems.
c. assign overhead to products based on the products' relative usage of
direct labor.
d. often reveal products that were under- or overcosted by traditional
costing systems. - 🧠ANSWER ✔✔d. often reveal products that were under-
or overcosted by traditional costing systems.
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
3
STATEMENT. ALL RIGHTS RESERVED
AND ANSWERS | 100% PASS
A staff position
a. Relates directly to the carrying out of the basic objectives of the
organization
b. Supportive in nature, providing service and assistance to other parts of
organization
c. Superior in authority to a line position
d. Both "a" and "b" are correct - 🧠ANSWER ✔✔b. Supportive in nature,
providing service and assistance to other parts of organization
,According to the IMA Code of Ethics a practitioner has the responsibility to
recognize professional limitations. Under which standard of ethical conduct
would this responsibility be included?
a. Competency
b. Confidentiality
c. Integrity
d. Objectivity - 🧠ANSWER ✔✔c. Integrity
Which of the following is not a product cost?
a. A processor used to product computers
b. A change in benefits for the union workers who work in the plant
c. A manager's salary for work performed in the corporate head office
d. Worker's compensation insurance on factory workers wages allocated to
the factory - 🧠ANSWER ✔✔c. A manager's salary for work performed in the
corporate head office
The amount of income under absorption costing will be more than the
amount of income under variable costing when units manufactured:
a. exceed units sold
, b. equal units sold c. are less than units sold
d. are equal to or greater than units - 🧠ANSWER ✔✔a. exceed units sold
After the level of volume exceeds the break-even point
a. the contribution margin ratio increases.
b. total fixed costs per unit will remain constant.
c. the total contribution margin will turn from negative to positive.
d. the total contribution margin exceeds the total fixed costs. - 🧠ANSWER
✔✔d. the total contribution margin exceeds the total fixed costs.
Activity-based costing systems:
a. use a single, volume-based cost driver.
b. typically use fewer cost drivers than more traditional costing systems.
c. assign overhead to products based on the products' relative usage of
direct labor.
d. often reveal products that were under- or overcosted by traditional
costing systems. - 🧠ANSWER ✔✔d. often reveal products that were under-
or overcosted by traditional costing systems.
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
3
STATEMENT. ALL RIGHTS RESERVED
