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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 budgeted total cost in fixed overhead is $385000 and the budgeted total quantity is $6730, then budgeted fixed overhead cost per unit will be __________?

A $57.21 per unit

B $67.21 per unit

C $77.21 per unit

D $87.21 per unit

Review Detailed Answer

Correct Answer: $57.21 per unit

If the total revenue is $9000, the total variable cost is $2000, then the contribution margin will be ___________?

A $11,000

B −$7000

C $4,500

D $7,000

Review Detailed Answer

Correct Answer: $7,000

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

A actual cost incurred

B fixed cost incurred

C variable cost incurred

D manufacturing cost incurred

Review Detailed Answer

Correct Answer: actual cost incurred

If the contribution margin is $12000, the total variable cost is $7000, then the total revenue will be _____________?

A $5,000

B −$5000

C $19,000

D −$19000

Review Detailed Answer

Correct Answer: $5,000

If the fixed setup cost is $32000 and the variable setup cost is $12000, then the setup cost will be ___________?

A $20,000

B $34,000

C $44,000

D $35,000

Review Detailed Answer

Correct Answer: $44,000

If the fixed cost is $30000, the contribution margin percentage is 40%, then the breakeven revenue will be ____________?

A $120,000

B $75,000

C $12,000

D $175,000

Review Detailed Answer

Correct Answer: $75,000

If fixed overhead allocated for actual output units is $36000 and the production volume variance is $7000, then budgeted fixed overhead will be __________?

A $43,000

B $42,000

C $29,000

D $19,000

Review Detailed Answer

Correct Answer: $43,000

The variable cost per unit is multiplied to the quantity of sold units to calculate ____________?

A per unit cost

B variable cost

C fixed cost

D multiple cost

Review Detailed Answer

Correct Answer: variable cost

The difference between actual quantity and budgeted quantity of cost allocation base is classified as __________?

A fixed overhead efficiency variance

B variable overhead efficiency variance

C variable overhead manufacturing variance

D fixed overhead manufacturing variance

Review Detailed Answer

Correct Answer: variable overhead efficiency variance

The contribution margin per unit is multiplied to number of units sold to calculate _____________?

A revenue margin

B variable margin

C contribution margin

D divisor margin

Review Detailed Answer

Correct Answer: contribution margin

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

If the budgeted total cost in fixed overhead is $385000 and the budgeted total quantity is $6730, then budgeted fixed overhead cost per unit will be __________?

If the total revenue is $9000, the total variable cost is $2000, then the contribution margin will be ___________?

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

If the contribution margin is $12000, the total variable cost is $7000, then the total revenue will be _____________?

If the fixed setup cost is $32000 and the variable setup cost is $12000, then the setup cost will be ___________?

If the fixed cost is $30000, the contribution margin percentage is 40%, then the breakeven revenue will be ____________?

If fixed overhead allocated for actual output units is $36000 and the production volume variance is $7000, then budgeted fixed overhead will be __________?

The variable cost per unit is multiplied to the quantity of sold units to calculate ____________?

The difference between actual quantity and budgeted quantity of cost allocation base is classified as __________?

The contribution margin per unit is multiplied to number of units sold to calculate _____________?