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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.

If the production is greater than sales, then operating income under variable costing is _________?

A negative income value

B lower income

C higher income

D zero dividends

Review Detailed Answer

Correct Answer: lower income

In manufacturing companies, the variable and absorption costing are methods, which are used in __________?

A recording of liabilities

B costing of current assets

C costing of machinery

D costing of inventories

Review Detailed Answer

Correct Answer: costing of inventories

If the selling price is $2500, variable manufacturing cost per unit is $1000 and variable marketing cost per unit is $500, then contribution margin per unit will be ___________?

A $4,000

B $2,500

C $1,000

D $15,000

Review Detailed Answer

Correct Answer: $1,000

If the contribution margin per unit is $7500, selling price is $1300 and variable manufacturing cost per unit is $1700, then per unit cost of marketing would be _________?

A $4,500

B $5,500

C $6,500

D $7,500

Review Detailed Answer

Correct Answer: $4,500

If the per unit budget per unit cost is $200 and budgeted production units are 350, then fixed budgeted manufacturing costs will be __________?

A $40,000

B $60,000

C $70,000

D $50,000

Review Detailed Answer

Correct Answer: $70,000

The cost which is excluded from inventoriable costs in variable costing method is called _________?

A variable factory overheads

B fixed manufacturing cost

C variable manufacturing costs

D fixed factory overheads

Review Detailed Answer

Correct Answer: fixed manufacturing cost

If the contribution margin per unit is $12300 and the change in sold quantity of units is 50, then change in variable costing operating income will be __________?

A $315,000

B $415,000

C $615,000

D $515,000

Review Detailed Answer

Correct Answer: $615,000

The selling price minus variable manufacturing cost per unit, minus variable marketing cost per unit is equal to _____________?

A fixed margin per unit

B variable margin per unit

C contribution margin per batch

D contribution margin per unit

Review Detailed Answer

Correct Answer: contribution margin per unit

If the budgeted fixed manufacturing cost is $150000 and the per unit cost is $120, then budgeted production units will be ________?

A $1,250

B $1,350

C $1,450

D $1,550

Review Detailed Answer

Correct Answer: $1,250

If the production is greater than sales, then operating income under absorption costing is _________?

A higher income

B zero dividends

C negative income value

D lower income

Review Detailed Answer

Correct Answer: higher income

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

If the production is greater than sales, then operating income under variable costing is _________?

In manufacturing companies, the variable and absorption costing are methods, which are used in __________?

If the selling price is $2500, variable manufacturing cost per unit is $1000 and variable marketing cost per unit is $500, then contribution margin per unit will be ___________?

If the contribution margin per unit is $7500, selling price is $1300 and variable manufacturing cost per unit is $1700, then per unit cost of marketing would be _________?

If the per unit budget per unit cost is $200 and budgeted production units are 350, then fixed budgeted manufacturing costs will be __________?

The cost which is excluded from inventoriable costs in variable costing method is called _________?

If the contribution margin per unit is $12300 and the change in sold quantity of units is 50, then change in variable costing operating income will be __________?

The selling price minus variable manufacturing cost per unit, minus variable marketing cost per unit is equal to _____________?

If the budgeted fixed manufacturing cost is $150000 and the per unit cost is $120, then budgeted production units will be ________?

If the production is greater than sales, then operating income under absorption costing is _________?