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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 first step in developing cost rate for budgeted variable overhead is to __________?

A choose the budgeting period

B select allocation bases

C identify variable overhead cost

D compute the per unit rate

Review Detailed Answer

Correct Answer: choose the budgeting period

When the fixed cost is divided into contribution margin per unit, it gives _________?

A fixed output

B variable output

C breakeven number of units

D total number of units

Review Detailed Answer

Correct Answer: breakeven number of units

If fixed overhead allocated for actual output units is $25000 and the production volume variance is $9000, then budgeted fixed overhead will be _____________?

A $34,000

B $24,000

C $16,000

D $18,000

Review Detailed Answer

Correct Answer: $34,000

If the contribution margin percentage is 30%, the selling price is $5000, then the contribution margin per unit will be ____________?

A $900

B $1,200

C $1,500

D $1,600

Review Detailed Answer

Correct Answer: $1,500

Usage of more resources to develop fundamental standards is classified as ____________?

A potential budget response

B potential management response

C potential price response

D potential cost response

Review Detailed Answer

Correct Answer: potential management response

If the contribution margin is $13000, the total variable cost is $7000 then the total revenue will be _____________?

A $6,000

B −$6000

C $20,000

D −$20000

Review Detailed Answer

Correct Answer: $6,000

The flexible budget amount is added in to fixed overhead flexible budget variance to calculate _____________?

A incurred manufacturing

B incurred production cost

C actual incurred cost

D incurred labor cost

Review Detailed Answer

Correct Answer: actual incurred cost

If the selling price is $5000, the contribution margin per unit is $1000, then the contribution margin percentage will be _____________?

A 12%

B 20%

C 5%

D 15%

Review Detailed Answer

Correct Answer: 20%

If the flexible budget amount is $26000 and fixed overhead flexible budget variance is $12500, then actual incurred cost would be ____________?

A $38,500

B $48,500

C $58,500

D $13,500

Review Detailed Answer

Correct Answer: $38,500

If the revenue is $15000, the total variable cost is $5000 and the fixed cost $2000 then the operating income will be ____________?

A $4,000

B $8,000

C $5,000

D $3,000

Review Detailed Answer

Correct Answer: $8,000

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

The first step in developing cost rate for budgeted variable overhead is to __________?

When the fixed cost is divided into contribution margin per unit, it gives _________?

If fixed overhead allocated for actual output units is $25000 and the production volume variance is $9000, then budgeted fixed overhead will be _____________?

If the contribution margin percentage is 30%, the selling price is $5000, then the contribution margin per unit will be ____________?

Usage of more resources to develop fundamental standards is classified as ____________?

If the contribution margin is $13000, the total variable cost is $7000 then the total revenue will be _____________?

The flexible budget amount is added in to fixed overhead flexible budget variance to calculate _____________?

If the selling price is $5000, the contribution margin per unit is $1000, then the contribution margin percentage will be _____________?

If the flexible budget amount is $26000 and fixed overhead flexible budget variance is $12500, then actual incurred cost would be ____________?

If the revenue is $15000, the total variable cost is $5000 and the fixed cost $2000 then the operating income will be ____________?