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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 variable overhead flexible budget variance is $37000 and the flexible budget amount is $10000, then the actual incurred costs would be ____________?

A $27,000

B $25,000

C $47,000

D $57,000

Review Detailed Answer

Correct Answer: $47,000

If the contribution margin per unit is $40 per unit and selling price is $200, then the contribution margin percentage would be ____________?

A 20%

B 10%

C 22%

D 16%

Review Detailed Answer

Correct Answer: 20%

In overhead cost variance analysis, the variable overhead does not include _____________?

A favorable volume variance

B profit volume variance

C cost volume variance

D production volume variance

Review Detailed Answer

Correct Answer: production volume variance

If the contribution margin is $15000 and the units sold are 500 units, then the contribution margin per unit would be ___________?

A $20 per unit

B $30 per unit

C $50 per unit

D $40 per unit

Review Detailed Answer

Correct Answer: $30 per unit

An indirect setup labor costs, costs of setup and equipment maintenance and costs of indirect material can be categorized as ______________?

A variable batch costs

B fixed batch costs

C variable setup costs

D fixed setup costs

Review Detailed Answer

Correct Answer: variable setup costs

The variable cost is subtracted from fixed costs to calculate ____________?

A unit income

B fixed income

C operating income

D marginal income

Review Detailed Answer

Correct Answer: operating income

The costing technique, which classify all the activities in costing hierarchy is classified as ____________?

A activity based costing

B non-financial costing

C profit costing

D lump sum costing

Review Detailed Answer

Correct Answer: activity based costing

At the break-even point, an operating income must be equal to ____________?

A $3,000

B $2,000

C $1,000

D zero

Review Detailed Answer

Correct Answer: zero

A measure which evaluates overall tradeoff and effect among non-financial performance measure is _____________?

A non-financial measures

B financial measures

C effective measure

D lump sum measure

Review Detailed Answer

Correct Answer: financial measures

If the contribution margin per unit is $700 per unit and the break-even per unit is $40, then the fixed cost would be _____________?

A $35,000

B $28,000

C $17,500

D $82,000

Review Detailed Answer

Correct Answer: $28,000

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

If the variable overhead flexible budget variance is $37000 and the flexible budget amount is $10000, then the actual incurred costs would be ____________?

If the contribution margin per unit is $40 per unit and selling price is $200, then the contribution margin percentage would be ____________?

In overhead cost variance analysis, the variable overhead does not include _____________?

If the contribution margin is $15000 and the units sold are 500 units, then the contribution margin per unit would be ___________?

An indirect setup labor costs, costs of setup and equipment maintenance and costs of indirect material can be categorized as ______________?

The variable cost is subtracted from fixed costs to calculate ____________?

The costing technique, which classify all the activities in costing hierarchy is classified as ____________?

At the break-even point, an operating income must be equal to ____________?

A measure which evaluates overall tradeoff and effect among non-financial performance measure is _____________?

If the contribution margin per unit is $700 per unit and the break-even per unit is $40, then the fixed cost would be _____________?