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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 hierarchy which is based on different types of cost allocation and drivers, to categorize cost pool activity is classified as __________?

A cost hierarchy

B price hierarchy

C activity hierarchy

D purpose hierarchy

Review Detailed Answer

Correct Answer: cost hierarchy

The corporate sustaining costs and distribution channel costs are also classified as _________?

A indirect costs

B variable costs

C fixed costs

D direct costs

Review Detailed Answer

Correct Answer: fixed costs

The type of costs that cannot be traced for individual products but help in supporting an organization are classified as ___________?

A individual sustaining costs

B facility sustaining costs

C sustained tracing

D support tracing

Review Detailed Answer

Correct Answer: facility sustaining costs

If the sales volume variance is $8500 and the static budget amount is $2000, then the flexible budget amount would be ___________?

A $6,500

B $6,600

C $6,700

D $6,800

Review Detailed Answer

Correct Answer: $6,500

The cost pool category, which have the similar cause and effect relationship, with each cost driver uses as an allocation base is classified as __________?

A heterogeneous price pool

B homogenous cost pool

C heterogeneous cost pool

D homogenous price pool

Review Detailed Answer

Correct Answer: homogenous cost pool

If the static budget amount is $6200 and the flexible budget amount is $4500, then the sales volume variance will be __________?

A $6,200

B $1,700

C $17,000

D $4,500

Review Detailed Answer

Correct Answer: $1,700

In activity based costing system, the description of activity can be classified as __________?

A activity list

B activity dictionary

C active purpose

D both A and B

Review Detailed Answer

Correct Answer: both A and B

The difference between actual result and corresponding amount of flexible budget, on the basis of actual level of output is classified as __________?

A sales mix variance

B sales volume variance

C flexible budget variance

D static budget variance

Review Detailed Answer

Correct Answer: flexible budget variance

The costs of all the activities for a group of products, rather than individual product can be classified as ___________?

A activity level costs

B input level costs

C batch level costs

D output level costs

Review Detailed Answer

Correct Answer: batch level costs

In customer cost hierarchy, the cost of activities related to specific channel of distribution is classified as ___________?

A discretionary channel costs

B corporate-sustaining costs

C distribution-channel costs

D engineered resource costs

Review Detailed Answer

Correct Answer: distribution-channel costs

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Management Sciences 5307 MCQs [All-Courses]

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All Topics 5307

The hierarchy which is based on different types of cost allocation and drivers, to categorize cost pool activity is classified as __________?

The corporate sustaining costs and distribution channel costs are also classified as _________?

The type of costs that cannot be traced for individual products but help in supporting an organization are classified as ___________?

If the sales volume variance is $8500 and the static budget amount is $2000, then the flexible budget amount would be ___________?

The cost pool category, which have the similar cause and effect relationship, with each cost driver uses as an allocation base is classified as __________?

If the static budget amount is $6200 and the flexible budget amount is $4500, then the sales volume variance will be __________?

In activity based costing system, the description of activity can be classified as __________?

The difference between actual result and corresponding amount of flexible budget, on the basis of actual level of output is classified as __________?

The costs of all the activities for a group of products, rather than individual product can be classified as ___________?

In customer cost hierarchy, the cost of activities related to specific channel of distribution is classified as ___________?