CFI FMVA EXAM A+ GRADE ASSURED COMPLETE SOLUTIONS AND VERIFIED ANSWERS

EXAM

Exam Solution ga




CFI FMVA 2026 A+ GRADE ASSURED COMPLETE SOLUTI
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ONS AND VERIFIED ANSWERS (33FF9)
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QUESTION 1 ga




Identify which trait below about incremental budgeting is FALSE 1. Inputs or actives are
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determined by the budgeted outputs 2. It takes previous years' actual figure and add or
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subtract a certain percentage from it to make the new year's budget 3. It can carry over
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mistakes or slack budgets from previous years 4. It is the most commonly used method
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of budgeting
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ANSWER

Inputs or actives are determined by the budgeted outputs
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QUESTION 2 ga




Identify which of the following is not a goal of the variance dashboard 1. Conveying a lot
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of information as quickly as possible 2. Using graphs in place of tables where appropriat
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e 3. Presenting several different types of information all on one screen 4. A detailed writ
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ten report ga




ANSWER

A detailed written report
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QUESTION 3 ga




Identify the cause of an unfavorable variance in profit 1. Actual labor cost is lower than
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budget 2. Actual sales volume is higher than budget 3. Actual sales price is higher than t
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he budget 4. Actual material cost is higher than the budget
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ANSWER

Actual material cost is higher than the budget
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QUESTION 4 ga