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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.

An approach in which the company under-costs it’s one product and over-costs at least one product is classified as __________?

A service-cost across subsidizing

B product-price cross subsidizing

C product-cost cross subsidizing

D product cross subsidizing

Review Detailed Answer

Correct Answer: product-cost cross subsidizing

In the static budget, the difference between corresponding budgeted amount and actual result is called __________?

A sales mix variance

B sales volume variance

C flexible budget variance

D static budget variance

Review Detailed Answer

Correct Answer: static budget variance

The budgeted total cost in indirect cost pool, is divided by budgeted total quantity of the cost allocation base, is calculated by _________?

A budgeted direct cost rate

B budgeted indirect cost rate

C expected indirect cost rate

D direct budget percentage

Review Detailed Answer

Correct Answer: budgeted indirect cost rate

If the budgeted contribution margin for budgeted and actual sales mix are $35000 and $27000, then the sales mix variance will be _________?

A $8,000

B $80,000

C $62,000

D $35,000

Review Detailed Answer

Correct Answer: $8,000

The costs of all the activities for individual products or services can be called ___________?

A purpose level costs

B output-unit level costs

C input-unit level costs

D activity level costs

Review Detailed Answer

Correct Answer: output-unit level costs

In corporate costs, the costs incur for employee recruitment, development and training are classified as _______?

A discretionary costs

B human resource management costs

C corporate administration costs

D treasury costs

Review Detailed Answer

Correct Answer: human resource management costs

In the activity based costing method implementation, an output unit level costs are classified as ____________?

A indirect costs

B direct cost

C labor cost

D raw material cost

Review Detailed Answer

Correct Answer: indirect costs

For increasing sales, the decrease in selling price, below the selling price list is known as _________?

A partial discount

B corporate discount

C treasury discount

D price discount

Review Detailed Answer

Correct Answer: price discount

The costs of undertaken activities is to support individual products and are known as __________?

A expected sustaining

B input sustaining

C output sustaining

D product sustaining costs

Review Detailed Answer

Correct Answer: product sustaining costs

If an actual result is $5500 and corresponding amount of flexible budget on the basis of actual level of output is $3500, then flexible budget variance will be ___________?

A $2,500

B $5,500

C $3,500

D $2,000

Review Detailed Answer

Correct Answer: $2,000

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

An approach in which the company under-costs it’s one product and over-costs at least one product is classified as __________?

In the static budget, the difference between corresponding budgeted amount and actual result is called __________?

The budgeted total cost in indirect cost pool, is divided by budgeted total quantity of the cost allocation base, is calculated by _________?

If the budgeted contribution margin for budgeted and actual sales mix are $35000 and $27000, then the sales mix variance will be _________?

The costs of all the activities for individual products or services can be called ___________?

In corporate costs, the costs incur for employee recruitment, development and training are classified as _______?

In the activity based costing method implementation, an output unit level costs are classified as ____________?

For increasing sales, the decrease in selling price, below the selling price list is known as _________?

The costs of undertaken activities is to support individual products and are known as __________?

If an actual result is $5500 and corresponding amount of flexible budget on the basis of actual level of output is $3500, then flexible budget variance will be ___________?