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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.

All Topics  5307

In the standard costing, the standard quantity allocation is multiplied to standard overhead rates for allocating __________?
A flexible costs
B variable costs
C overhead costs
D fixed costs
Correct Answer: overhead costs
An energy, machine maintenance, indirect materials and engineering support are considered as ____________?
A variable overhead cost
B fixed overhead cost
C fixed batch cost
D variable batch cost
Correct Answer: variable overhead cost
A company must eliminate all those activities that do not add value to all the products or services in planning of ___________?
A variable overhead cost
B fixed overhead cost
C fixed batch cost
D variable batch cost
Correct Answer: variable overhead cost
If the flexible budget amount is $40000 and variable overhead flexible budget variance is $25000, then actual costs incur will be ____________?
A $15,000
B $35,000
C $65,000
D $75,000
Correct Answer: $65,000
The budget, which highlights the difference between actual quantity and budgeted quantity is termed as _____________?
A actual cost budget
B flexible budget variance
C inflexible budget
D hourly budget
Correct Answer: flexible budget variance
The difference between actual variable overhead cost and flexible budget variable overhead amount is termed as __________?
A overhead flexible budget variance
B overhead fixed budget variance
C overhead flexible cost variance
D overhead flexible price variance
Correct Answer: overhead flexible budget variance
The cost allocation base used by an operating manager is classified as ____________?
A machine hours
B flexible hours
C variable hours
D fixed hours
Correct Answer: machine hours
The costing technique, which traces direct costs by multiplying price rate for producing actual outputs is known as ______________?
A constant costing
B standard costing
C unit costing
D batch costing
Correct Answer: standard costing
The flexible budget amount is added in to variable overhead flexible budget variance to calculate ____________?
A manufacturing costs incurred
B variable costs incurred
C fixed costs incurred
D actual costs incurred
Correct Answer: actual costs incurred
The depreciation on plant equipment, salaries of plant managers and plant leasing costs are considered a _____________?
A fixed batch cost
B variable batch cost
C variable overhead cost
D fixed overhead cost
Correct Answer: fixed overhead cost
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