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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 normal costing and standard costing methods are used in decisions such as ___________?

A investment decisions

B pricing decisions

C product mix decisions

D Both B and C

Review Detailed Answer

Correct Answer: Both B and C

In variable costing, the variable manufacturing and fixed manufacturing cost focus on __________?

A distinction

B similarities

C increase in units

D decrease in units

Review Detailed Answer

Correct Answer: similarities

If the target operating income is $84000 and contribution margin per unit is $600, then number of units must be sold to earn targeted operating income, will be __________?

A 100 units

B 110 units

C 120 units

D 140 units

Review Detailed Answer

Correct Answer: 140 units

The standard quantity of input used for achieved output, which is multiplied to standard prices, to calculate variable direct manufacturing cost in __________?

A output costing

B standard costing

C achieved costing

D input costing

Review Detailed Answer

Correct Answer: standard costing

If the fixed budgeted manufacturing cost is $35000 and the budgeted production units are 7000, then budgeted fixed manufacturing cost per unit will be ___________?

A $20

B $5

C $10

D $15

Review Detailed Answer

Correct Answer: $5

If the revenues are $85000 and throughput contribution is $63700, then direct material cost of goods sold will be ___________?

A $21,300

B $148,700

C $138,700

D $118,700

Review Detailed Answer

Correct Answer: $21,300

If the per unit budgeted per unit cost is $165 and budgeted production units are 400 then fixed budgeted manufacturing costs will be ___________?

A $36,000

B $66,000

C $56,000

D $46,000

Review Detailed Answer

Correct Answer: $66,000

The capacity utilization of the business, to satisfy average customer demand over a specific period of time is classified as ____________?

A seasonal capacity utilization

B normal capacity utilization

C standard capacity utilization

D theoretical capacity utilization

Review Detailed Answer

Correct Answer: normal capacity utilization

The capacity of the company, which considers the operating interruptions such as holiday shutdown and maintenance time is called ___________?

A standard capacity

B actual capacity

C practical capacity

D theoretical costing

Review Detailed Answer

Correct Answer: practical capacity

The production volume variance under variable costing is ______________?

A must

B not a must

C non-inventoriable

D inventoriable

Review Detailed Answer

Correct Answer: must

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

The normal costing and standard costing methods are used in decisions such as ___________?

In variable costing, the variable manufacturing and fixed manufacturing cost focus on __________?

If the target operating income is $84000 and contribution margin per unit is $600, then number of units must be sold to earn targeted operating income, will be __________?

The standard quantity of input used for achieved output, which is multiplied to standard prices, to calculate variable direct manufacturing cost in __________?

If the fixed budgeted manufacturing cost is $35000 and the budgeted production units are 7000, then budgeted fixed manufacturing cost per unit will be ___________?

If the revenues are $85000 and throughput contribution is $63700, then direct material cost of goods sold will be ___________?

If the per unit budgeted per unit cost is $165 and budgeted production units are 400 then fixed budgeted manufacturing costs will be ___________?

The capacity utilization of the business, to satisfy average customer demand over a specific period of time is classified as ____________?

The capacity of the company, which considers the operating interruptions such as holiday shutdown and maintenance time is called ___________?

The production volume variance under variable costing is ______________?