M C Q s D r i v e

Management Sciences 5307 MCQs [All-Courses]

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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 sum of beginning work in process inventory units and started units, is subtracted from the sum of ending work in process inventory units and transferred out units of goods, to calculate ____________?
A Gross weighted spoilage
B inventoriable spoilage
C partial spoilage
D total spoilage
Correct Answer: total spoilage
The units of normal spoilage are divided to total completed units, rather than total actual produced units to calculate ____________?
A normal spoilage rates
B abnormal spoilage rates
C normal scrap rates
D abnormal scrap rates
Correct Answer: normal spoilage rates
The types of spoilage include ___________?
A normal spoilage
B abnormal spoilage
C weighted spoilage
D both a and b
Correct Answer: both a and b
The partial or completed units of manufactured goods, that do not meet customer specifications and get sold at reduced price or simply discarded, are called ____________?
A spoilage
B rework
C scrap
D equivalence
Correct Answer: spoilage
The type of spoilage, which is considered as controllable and can be avoided is called _____________?
A abnormal spoilage
B normal spoilage
C transferred-in spoilage
D transferred-out spoilage
Correct Answer: abnormal spoilage
Total transferred-out cost plus normal spoilage is divided by number of goods units produced, to calculate ___________?
A cost per good units transferred out
B cost per good units transferred in
C revenue per good units transferred out
D revenue per good units transferred in
Correct Answer: cost per good units transferred out
The cost of abnormal spoilage is not treated as _____________?
A conversion costs
B sunk costs
C inventoriable costs
D non inventoriable costs
Correct Answer: inventoriable costs
The costing, which explains how and when scrap affects the operating income of company is classified as ___________?
A inventory costing
B conversion costing
C normal scrap costing
D abnormal scrap costing
Correct Answer: inventory costing
The aspects of accounting for scrap includes __________?
A physical tracking
B non-inventoriable costing
C inventory costing
D both a and c
Correct Answer: both a and c
An example of rework is ____________?
A short lengths from wood work
B defective aluminum cans recycled by manufacturer
C detection of defective pieces before shipment
D none of above
Correct Answer: detection of defective pieces before shipment