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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.

In customer cost hierarchy, the costs of all the incurred activities to sell a unit of product are classified as _________?

A customer sustaining costs

B customer output unit-level costs

C customer batch-level costs

D corporate sustaining costs

Review Detailed Answer

Correct Answer: customer output unit-level costs

In an activity based cost system; an activity/unit of work or task with differentiated purposes will be classified as __________?

A different task

B purpose cost

C an activity

D an allocation cost

Review Detailed Answer

Correct Answer: an activity

An analysis and reporting of revenues earned, and the incurred costs to earn these revenues from customers is classified as __________?

A partial productivity analysis

B treasury cost analysis

C customer profitability analysis

D customer cost analysis

Review Detailed Answer

Correct Answer: customer profitability analysis

An approach in which the company under-costs it’s one product and over-costs at least one product is classified as __________?

A service-cost across subsidizing

B product-price cross subsidizing

C product-cost cross subsidizing

D product cross subsidizing

Review Detailed Answer

Correct Answer: product-cost cross subsidizing

In the static budget, the difference between corresponding budgeted amount and actual result is called __________?

A sales mix variance

B sales volume variance

C flexible budget variance

D static budget variance

Review Detailed Answer

Correct Answer: static budget variance

The budgeted total cost in indirect cost pool, is divided by budgeted total quantity of the cost allocation base, is calculated by _________?

A budgeted direct cost rate

B budgeted indirect cost rate

C expected indirect cost rate

D direct budget percentage

Review Detailed Answer

Correct Answer: budgeted indirect cost rate

If the budgeted contribution margin for budgeted and actual sales mix are $35000 and $27000, then the sales mix variance will be _________?

A $8,000

B $80,000

C $62,000

D $35,000

Review Detailed Answer

Correct Answer: $8,000

The costs of all the activities for individual products or services can be called ___________?

A purpose level costs

B output-unit level costs

C input-unit level costs

D activity level costs

Review Detailed Answer

Correct Answer: output-unit level costs

In corporate costs, the costs incur for employee recruitment, development and training are classified as _______?

A discretionary costs

B human resource management costs

C corporate administration costs

D treasury costs

Review Detailed Answer

Correct Answer: human resource management costs

In the activity based costing method implementation, an output unit level costs are classified as ____________?

A indirect costs

B direct cost

C labor cost

D raw material cost

Review Detailed Answer

Correct Answer: indirect costs

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

In customer cost hierarchy, the costs of all the incurred activities to sell a unit of product are classified as _________?

In an activity based cost system; an activity/unit of work or task with differentiated purposes will be classified as __________?

An analysis and reporting of revenues earned, and the incurred costs to earn these revenues from customers is classified as __________?

An approach in which the company under-costs it’s one product and over-costs at least one product is classified as __________?

In the static budget, the difference between corresponding budgeted amount and actual result is called __________?

The budgeted total cost in indirect cost pool, is divided by budgeted total quantity of the cost allocation base, is calculated by _________?

If the budgeted contribution margin for budgeted and actual sales mix are $35000 and $27000, then the sales mix variance will be _________?

The costs of all the activities for individual products or services can be called ___________?

In corporate costs, the costs incur for employee recruitment, development and training are classified as _______?

In the activity based costing method implementation, an output unit level costs are classified as ____________?