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Management Sciences 5307 MCQs [All-Courses]

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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.

All Topics  5307

If an actual manufacturing overhead costs is $225000 and actual total quantity of cost allocation base is 2500 labor hours, then the overhead rate will be __________?
A $60
B $90
C $80
D $70
Correct Answer: $90
The method, which uses specific information on products as weights to allocate bundled revenues for each product in bundle is classified as ___________?
A step down allocation method
B stand-alone revenue allocation method
C incremental revenue allocation method
D revenue mix allocation method
Correct Answer: stand-alone revenue allocation method
The costing and allocating situation, in which the indirect cost allocated amount is less than actually incurred amount is known as ___________?
A over allocated budget
B under allocated budget
C under allocated indirect cost
D over allocated direct cost
Correct Answer: under allocated indirect cost
The third ranked product in incremental revenue-allocation method is known as _________?
A primary product
B First incremental product
C Second incremental product
D Third incremental product
Correct Answer: Third incremental product
In accounting system, a document which consists of all assigned cost for specific job is classified as __________?
A job cost record
B job cost sheet
C source document
D both a and b
Correct Answer: both a and b
The cost object user, who is ranked first in incremental cost allocation method is known as _________?
A First incremental user
B primary user
C secondary user
D second incremental user
Correct Answer: primary user
The single or multiple units of distinct services or products are classified as _________?
A cost
B job
C post
D price
Correct Answer: job
In incremental cost allocation method, the cost object user who is ranked third in ranking order is classified as ____________?
A First incremental user
B primary user
C secondary user
D second incremental user
Correct Answer: second incremental user
An average unit cost, applicable to each similar produced unit is classified as __________?
A per unit cost
B per post cost
C per price cost
D application cost
Correct Answer: per unit cost
The first ranked product, in incremental revenue allocation method, is classified as ___________?
A primary product
B First incremental product
C Second incremental product
D Third incremental product
Correct Answer: primary product
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