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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 lump sum cost that remains unchanged in total despite of changes in total volume is classified as __________?

A unchanged price

B unchanged cost

C fixed overhead cost

D variable overhead cost

Review Detailed Answer

Correct Answer: fixed overhead cost

If the variable cost is $50000 and the fixed cost is $30000, then the operating income would be _____________?

A $80,000

B $160,000

C $16,000

D $20,000

Review Detailed Answer

Correct Answer: $20,000

The third step in developing operating budget 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: identify variable overhead cost

The contribution per unit is $1200 and the number of units sold is $80, then the contribution margin would be ____________?

A $9,650

B $96,000

C $15

D $9,600

Review Detailed Answer

Correct Answer: $96,000

If the fixed overhead allocated for actual output unit is $9800 and budgeted fixed overhead is $22000, then production volume variance would be _________?

A $31,800

B $12,300

C $12,200

D $41,800

Review Detailed Answer

Correct Answer: $12,200

If the selling price is $20 and the number of units sold are 800, then the revenue is equal to ___________?

A $16,000

B $40,000

C $25,000

D $35,700

Review Detailed Answer

Correct Answer: $16,000

If the budgeted total cost in fixed overhead is $465200 and the budgeted total quantity is $8750, then budgeted fixed overhead cost per unit will be ____________?

A $83.17

B $73.17

C $53.17

D $63.17

Review Detailed Answer

Correct Answer: $53.17

The total revenues is subtracted from total variable costs to calculate ___________?

A revenue margin

B variable margin

C contribution margin

D divisor margin

Review Detailed Answer

Correct Answer: contribution margin

The fourth step in development of operating budget is to __________?

A identify variable overhead cost

B compute the per unit rate

C choose the budgeting period

D select allocation bases

Review Detailed Answer

Correct Answer: compute the per unit rate

If the break-even number of units are 200 units and the fixed cost is $80000, then the contribution margin per unit will be __________?

A $400

B $600

C $800

D $1,000

Review Detailed Answer

Correct Answer: $400

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

The lump sum cost that remains unchanged in total despite of changes in total volume is classified as __________?

If the variable cost is $50000 and the fixed cost is $30000, then the operating income would be _____________?

The third step in developing operating budget is to __________?

The contribution per unit is $1200 and the number of units sold is $80, then the contribution margin would be ____________?

If the fixed overhead allocated for actual output unit is $9800 and budgeted fixed overhead is $22000, then production volume variance would be _________?

If the selling price is $20 and the number of units sold are 800, then the revenue is equal to ___________?

If the budgeted total cost in fixed overhead is $465200 and the budgeted total quantity is $8750, then budgeted fixed overhead cost per unit will be ____________?

The total revenues is subtracted from total variable costs to calculate ___________?

The fourth step in development of operating budget is to __________?

If the break-even number of units are 200 units and the fixed cost is $80000, then the contribution margin per unit will be __________?