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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 capacity utilization of the business, to satisfy average customer’s demand, for current budget period of time is termed as ___________?

A master budget capacity utilization

B finite cost utilization

C infinite cost utilization

D infinite budget capacity utilization

Review Detailed Answer

Correct Answer: master budget capacity utilization

An approach in which restating the amounts, in general ledgers by using actual cost rates, is classified as __________?

A unadjusted cost approach

B adjusted allocation rate approach

C unadjusted allocation approach

D adjusted cost approach

Review Detailed Answer

Correct Answer: adjusted allocation rate approach

The fixed rate of calculation is based on the _________?

A capacity used

B capacity available

C capacity utilization

D downward demand

Review Detailed Answer

Correct Answer: capacity available

If target operating income is $38000, contribution margin per unit is $400, then the number of units must be sold to earn targeted operating income will be ___________?

A 65 units

B 75 units

C 95 units

D 85 units

Review Detailed Answer

Correct Answer: 95 units

If the production is less than sales so, an operating income under absorption costing will be called ________?

A higher income

B zero dividends

C negative income value

D lower income

Review Detailed Answer

Correct Answer: lower income

An approach used for choosing capacity level, having no beginning inventory, is classified as __________?

A write off variance approach

B write in variance approach

C adjusted variance approach

D unadjusted variance approach

Review Detailed Answer

Correct Answer: write off variance approach

In absorption costing, an effect on cost volume profit relationship is driven by __________?

A unit level of production

B unit level of sales

C chosen denominator level

D all of above

Review Detailed Answer

Correct Answer: all of above

If the beginning inventory is $40000, the total revenues are $225000 and the ending inventory is $30000, then total production would be _________?

A $95,000

B $235,000

C $295,000

D $195,000

Review Detailed Answer

Correct Answer: $235,000

In variable costing, the change in operating income is driven only by changes in _________?

A quantity of units sold

B quantity of units manufactured

C increase in units sold

D decrease in units sold

Review Detailed Answer

Correct Answer: quantity of units sold

Under absorption costing, the fixed cost of manufacturing is deferred to some ___________?

A present period

B future period

C yearly period

D monthly period

Review Detailed Answer

Correct Answer: future period

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

The capacity utilization of the business, to satisfy average customer’s demand, for current budget period of time is termed as ___________?

An approach in which restating the amounts, in general ledgers by using actual cost rates, is classified as __________?

The fixed rate of calculation is based on the _________?

If target operating income is $38000, contribution margin per unit is $400, then the number of units must be sold to earn targeted operating income will be ___________?

If the production is less than sales so, an operating income under absorption costing will be called ________?

An approach used for choosing capacity level, having no beginning inventory, is classified as __________?

In absorption costing, an effect on cost volume profit relationship is driven by __________?

If the beginning inventory is $40000, the total revenues are $225000 and the ending inventory is $30000, then total production would be _________?

In variable costing, the change in operating income is driven only by changes in _________?

Under absorption costing, the fixed cost of manufacturing is deferred to some ___________?