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Management Sciences 5307 MCQs [All-Courses]

Management Sciences focuses on the planning, organizing, leading, and controlling of resources to achieve organizational goals.This subject is highly important for competitive exams, academic study, and professional careers in the business and public sectors.

The quantity of input which is carefully determined is called ___________?

A output unit

B input unit

C standard input

D standard output

Review Detailed Answer

Correct Answer: standard input

An estimated coefficient, which indicates the degree by which the estimated values are affected by random factors is known as ___________?

A standard error of estimated coefficient

B weighted error of estimated coefficient

C average of estimated coefficient

D variance of estimated coefficient

Review Detailed Answer

Correct Answer: standard error of estimated coefficient

In normal costing, the budgeted rate is multiplied to an actual quantity, which have been used as the allocation base to calculate ___________?

A budget overhead applied

B manufacturing overhead applied

C labor overhead applied

D none of above

Review Detailed Answer

Correct Answer: manufacturing overhead applied

The degree which predetermines target or income achieved, can be grouped under __________?

A growth evaluation

B performance evaluation

C efficiency

D effectiveness

Review Detailed Answer

Correct Answer: effectiveness

If the difference between costs linked to highest and lowest observation of cost driver is $36000 and observation of cost driver is 30 machine hours, then slope coefficient would be __________?

A $1,200

B $1,400

C $1,600

D $1,800

Review Detailed Answer

Correct Answer: $1,200

If the budgeted cost in indirect cost pool is $139600 and total quantity of cost allocation base is $155600, then the budgeted indirect cost rate would be __________?

A 69.72%

B 79.72%

C 99.75%

D 89.72%

Review Detailed Answer

Correct Answer: 89.72%

An actual input quantity is 200 units and the budgeted input quantity is 50 units, then the efficiency variance will be ___________?

A 275 units

B 250 units

C 150 units

D 650 units

Review Detailed Answer

Correct Answer: 150 units

The work measurement method of cost estimation is also called ___________?

A price engineering method

B industrial engineering method

C measuring engineering method

D unit engineering method

Review Detailed Answer

Correct Answer: industrial engineering method

If the budgeted indirect cost is $225 and the budgeted cost allocation base is $750 per hour, then the annual indirect cost (budgeted) would be __________?

A $168,750

B $148,570

C $186,750

D $125,680

Review Detailed Answer

Correct Answer: $168,750

If the flexible budget variance is $105000, the actual cost is $65000 then the flexible budget cost will be ___________?

A $40,000

B $50,000

C $150,000

D $170,000

Review Detailed Answer

Correct Answer: $40,000

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

The quantity of input which is carefully determined is called ___________?

An estimated coefficient, which indicates the degree by which the estimated values are affected by random factors is known as ___________?

In normal costing, the budgeted rate is multiplied to an actual quantity, which have been used as the allocation base to calculate ___________?

The degree which predetermines target or income achieved, can be grouped under __________?

If the difference between costs linked to highest and lowest observation of cost driver is $36000 and observation of cost driver is 30 machine hours, then slope coefficient would be __________?

If the budgeted cost in indirect cost pool is $139600 and total quantity of cost allocation base is $155600, then the budgeted indirect cost rate would be __________?

An actual input quantity is 200 units and the budgeted input quantity is 50 units, then the efficiency variance will be ___________?

The work measurement method of cost estimation is also called ___________?

If the budgeted indirect cost is $225 and the budgeted cost allocation base is $750 per hour, then the annual indirect cost (budgeted) would be __________?

If the flexible budget variance is $105000, the actual cost is $65000 then the flexible budget cost will be ___________?