2019 wiley CMAexcel learning system exam review self study guide
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WILEY CMAEXCEL
2019
Errata
Revised/new text is red. Deleted text is struck out. In some cases, additional text, before and after the
change, may be included to clarity the context or specific location. Italicized text is FYI.
Wiley CMAexcel Learning System Exam Review 2019
Self-Study Guide for Part 1
Date
Jan 24 2019
Location
Part 1 Section C, Topic 1
– Cost and Variance
Measures
(pages 257-258)
Feb 11 2019
Practice Essay
Questions and Answers
Question 1A-ES07
(page 574)
Practice Essay
Questions and Answers
Question 1A-ES06
(page 572)
Practice Essay
Questions and Answers
Question 1B5-CQ02
(page 620)
Part 1 Section A
(page 90)
Feb 25 2019
Feb 28 2019
Mar 13 2019
3.22.2019
| Page 1 of 2
Update or Errata
During the year, fixed overhead will be incurred; this
corresponds to segment CD, which must be plotted at the
actual level of activity. Fixed overhead is budgeted and
corresponds with line E. The difference between the amount
incurred (CD) and the amount budgeted (E) is the fixed
budget spending variance (DE), which is simply the difference
between the amount spent and the fixed budget.
Answer H: (third paragraph)
By contrast, if the stated rate is higher than the current
market interest rate…
In answer J, both instances of 0.7 should be 0.07
The correct answer is: c. 1,500 units.
(a) Revenue is calculated as (20% x ($5,000,000 transaction
price - $1,500,000 cost of the elevators)) + $1,500,000
| John Wiley and Sons, Inc.
WILEY CMAEXCEL
2019
Wiley CMAexcel Learning System Exam Review 2019
Self-Study Guide for Part 2
Date
Feb 11 2019
Location
Essay Exam Support
Materials
Question 2C-ES02
(page 560)
3.22.2019
| Page 2 of 2
Update or Errata
The following should be added to Answer A underneath the
table:
Breakeven for Capital Intensive: $2,940,000 ÷ $14.00 =
210,000 units. The $2,940,000 is calculated as $2,440,000
incremental fixed manufacturing costs + $500,000
incremental selling expenses. Breakeven for Labor Intensive:
$1,820,000 ÷ $10.40 = 175,000 units. The $1,820,000 is
calculated as $1,320,000 incremental fixed manufacturing
costs + $500,000 incremental selling expenses.
| John Wiley and Sons, Inc.
