M C Q s D r i v e
03079682698
mcqsdrive@gmail.com
About
Contact

Contact Info

03079682698

mcqsdrive@gmail.com

Ad Banner

Management Sciences 5307 MCQs [All-Courses]

thumb

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.

All Topics  5307

If an overhead cost of operating a machine is $500000 for 1000 hours, then the cost allocation rate will be ____________?
A $1500 per machine hour
B $250 per machine hour
C $500 per machine hour
D $1000 per machine hour
Correct Answer: $500 per machine hour
If the actual price input is $500, the budgeted price of input is $300 and the actual quantity of input is 50 units, then the price variance would be __________?
A $4,000
B $6,000
C $8,000
D $10,000
Correct Answer: $10,000
If the budgeted direct labor hours are 4550 and direct labor cost rate is $600 per labor hour then, total direct labor cost would be _____________?
A $4,730,000
B $3,730,000
C $2,730,000
D $1,730,000
Correct Answer: $2,730,000
If an actual input price is $70 and the budgeted input price is $40, then the price variance will be ____________?
A $120
B $50
C $110
D $30
Correct Answer: $30
The process of assigning the direct or indirect cost to any cost object is known as ____________?
A cost assignment
B cost expectation
C event assignment
D probability assignment
Correct Answer: cost assignment
An actual cost is subtracted from flexible budget cost to calculate ____________?
A positive cost variance
B negative cost variance
C flexible budget variance
D flexible cost variance
Correct Answer: flexible budget variance
An approach which yields the benefits of normal costing and the actual manufacturing overhead is classified as ____________?
A unadjusted allocation rate approach
B adjusted budget rate approach
C unadjusted budget rate approach
D adjusted allocation rate approach
Correct Answer: adjusted allocation rate approach
If the budgeted price of input is $50, actual quantity of input is 150 units and the allowed budgeted quantity of input is 60 units then efficiency variance will be __________?
A $4,500
B $3,500
C $2,500
D $1,500
Correct Answer: $4,500
The total indirect cost in the pool by an actual quantity of cost allocation base, is used to calculate ____________?
A actual manufacturing overhead rate
B manufacturing overhead costs
C overhead rate
D direct rate
Correct Answer: actual manufacturing overhead rate
The difference between actual quantity use and input quantity for output is multiplied with budgeted price to calculate ___________?
A efficiency deviation
B efficiency variance
C budgeted variance
D usage variance
Correct Answer: efficiency variance
03079682698
mcqsdrive@gmail.com

Copyright @ 2026 MCQsDrive . All Rights Reserved.