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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.

In flexible budget analysis, the variable overhead flexible budget variance is equal to _________?

A fixed cost-variable budget amount

B actual cost-flexible budget amount

C variable cost-allocated amount

D actual cost-variable amount

Review Detailed Answer

Correct Answer: actual cost-flexible budget amount

If the fixed cost is $50000 and the contribution margin percentage is 20%, then the breakeven revenue will be _____________?

A $100,000

B $150,000

C $250,000

D $225,000

Review Detailed Answer

Correct Answer: $250,000

If the fixed setup cost is $21000 and the variable setup cost is $11000, then the setup cost would be _________?

A $12,000

B $15,000

C $10,000

D $32,000

Review Detailed Answer

Correct Answer: $32,000

The contribution margin per unit is divided by contribution margin percentage to calculate ______________?

A percentage price

B margin price

C contribute price

D selling price

Review Detailed Answer

Correct Answer: selling price

In production volume variance, an acquiring fixed cost such as equipment and plant lease is known as ____________?

A lump sum price amount

B lump sum fixed cost

C lump sum variable cost

D lump sum manufacturing cost

Review Detailed Answer

Correct Answer: lump sum fixed cost

The fixed cost is divided to contribution margin to calculate _____________?

A breakeven revenue

B total revenue

C fixed revenue

D variable revenue

Review Detailed Answer

Correct Answer: breakeven revenue

If the total setup cost is $42000 and fixed setup cost is $17000, then the variable fixed cost would be ____________?

A $59,000

B $25,000

C $15,000

D $39,000

Review Detailed Answer

Correct Answer: $25,000

The contribution margin per unit is divided by the selling price of the product to calculate ______________?

A selling margin percentage

B cost margin percentage

C discount percentage

D contribution margin percentage

Review Detailed Answer

Correct Answer: contribution margin percentage

An activity based costing hierarchy includes _____________?

A batch level

B output unit level

C facility and product sustaining

D all of above

Review Detailed Answer

Correct Answer: all of above

If the contribution margin per unit is $800 and the selling price is $20000, then the contribution margin percentage will be _____________?

A 17%

B 14%

C 4%

D 25%

Review Detailed Answer

Correct Answer: 4%

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

In flexible budget analysis, the variable overhead flexible budget variance is equal to _________?

If the fixed cost is $50000 and the contribution margin percentage is 20%, then the breakeven revenue will be _____________?

If the fixed setup cost is $21000 and the variable setup cost is $11000, then the setup cost would be _________?

The contribution margin per unit is divided by contribution margin percentage to calculate ______________?

In production volume variance, an acquiring fixed cost such as equipment and plant lease is known as ____________?

The fixed cost is divided to contribution margin to calculate _____________?

If the total setup cost is $42000 and fixed setup cost is $17000, then the variable fixed cost would be ____________?

The contribution margin per unit is divided by the selling price of the product to calculate ______________?

An activity based costing hierarchy includes _____________?

If the contribution margin per unit is $800 and the selling price is $20000, then the contribution margin percentage will be _____________?