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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 method of inventory costing, in which all variable and fixed manufacturing cost is considered as inventoriable cost can be termed as __________?

A absorption costing

B variable costing

C fixed costing

D manufacturing cost

Review Detailed Answer

Correct Answer: absorption costing

The difference between absorption and variable costing is the accountability of ___________?

A direct overhead

B indirect overhead cost

C fixed manufacturing cost

D variable manufacturing cost

Review Detailed Answer

Correct Answer: fixed manufacturing cost

Throughout the period costs, costing methods are treated as ___________?

A manufacturing in period

B expenses of period

C incurred in period

D accrual in period

Review Detailed Answer

Correct Answer: expenses of period

If the revenues are $25000 and through put contribution is $12000, then direct material cost of goods sold will be ____________?

A $57,000

B $37,000

C $47,000

D $13,000

Review Detailed Answer

Correct Answer: $13,000

If the capacity utilization and its cost are fixed in product costing, the capacity management is ___________?

A for short run

B for long run

C for one day

D for few days

Review Detailed Answer

Correct Answer: for short run

If the contribution margin per unit is $5000, the selling price is $1500 and the variable manufacturing cost per unit is $1200, then per unit cost of marketing will be ___________?

A $4,200

B $2,300

C $7,700

D $6,700

Review Detailed Answer

Correct Answer: $2,300

If the inventory level decreases then operating income, under variable costing, will be reported ___________?

A more

B less

C zero

D none of above

Review Detailed Answer

Correct Answer: more

If the budgeted fixed cost is $26000, per unit budgeted denominator level is 1300 units, then budgeted fixed cost will be ___________?

A $50

B $30

C $20

D $40

Review Detailed Answer

Correct Answer: $20

Under absorption costing, the magnitude for favorable volume production variance is affected by the choice of _________?

A unplanned level

B budgeting level

C numerator level

D denominator level

Review Detailed Answer

Correct Answer: denominator level

The numerator of fixed manufacturing rate can be reduced by using __________?

A write ups

B write downs

C upward write up

D downward write down

Review Detailed Answer

Correct Answer: write ups

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

The method of inventory costing, in which all variable and fixed manufacturing cost is considered as inventoriable cost can be termed as __________?

The difference between absorption and variable costing is the accountability of ___________?

Throughout the period costs, costing methods are treated as ___________?

If the revenues are $25000 and through put contribution is $12000, then direct material cost of goods sold will be ____________?

If the capacity utilization and its cost are fixed in product costing, the capacity management is ___________?

If the contribution margin per unit is $5000, the selling price is $1500 and the variable manufacturing cost per unit is $1200, then per unit cost of marketing will be ___________?

If the inventory level decreases then operating income, under variable costing, will be reported ___________?

If the budgeted fixed cost is $26000, per unit budgeted denominator level is 1300 units, then budgeted fixed cost will be ___________?

Under absorption costing, the magnitude for favorable volume production variance is affected by the choice of _________?

The numerator of fixed manufacturing rate can be reduced by using __________?