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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 costing of project, the wages paid to workers for the unproductive work at the time of material shortage is termed as __________?

A indirect wages

B health wages

C idle time wages

D shortage time wages

Review Detailed Answer

Correct Answer: idle time wages

The difference between corresponding static budget and flexible budget amount is called ___________?

A sales volume variance

B sales mix variance

C sales quantity variance

D market share variance

Review Detailed Answer

Correct Answer: sales volume variance

If the direct material cost is $85000 and direct manufacturing labor is $25000, then prime cost would be _________?

A $13,500

B $55,600

C $60,000

D $110,000

Review Detailed Answer

Correct Answer: $110,000

The difference between static budget amount and the flexible budget amount is named as ____________?

A sales mix variance

B sales volume variance

C flexible budget variance

D static budget variance

Review Detailed Answer

Correct Answer: sales volume variance

If the direct material cost is $5500 and the prime cost is $25000, then the direct manufacturing labor would be ___________?

A $19,500

B $30,500

C $45,500

D $22,500

Review Detailed Answer

Correct Answer: $19,500

In customer cost hierarchy, the costs of all activities incurred to sell group of units to end consumers are classified as ____________?

A customer sustaining costs

B customer output unit-level costs

C customer batch-level costs

D corporate sustaining costs

Review Detailed Answer

Correct Answer: customer batch-level costs

The health care premium for workers and the pension costs are included in _________?

A payroll fringe costs

B health costs

C premium costs

D workers costs

Review Detailed Answer

Correct Answer: payroll fringe costs

If the flexible budget amount is $7500 and the sales volume variance is $6500, then the static budget amount would be __________?

A $7,500

B $6,500

C $1,000

D $10,000

Review Detailed Answer

Correct Answer: $1,000

The inventory of the final goods that are not yet sold is called __________?

A finished goods inventory

B indirect material inventory

C direct materials inventory

D work in process inventory

Review Detailed Answer

Correct Answer: finished goods inventory

In corporate costs, the cost incurred to finance construction of new equipment are classified as __________?

A treasury costs

B discretionary costs

C human resource management costs

D corporate administration costs

Review Detailed Answer

Correct Answer: treasury costs

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

In costing of project, the wages paid to workers for the unproductive work at the time of material shortage is termed as __________?

The difference between corresponding static budget and flexible budget amount is called ___________?

If the direct material cost is $85000 and direct manufacturing labor is $25000, then prime cost would be _________?

The difference between static budget amount and the flexible budget amount is named as ____________?

If the direct material cost is $5500 and the prime cost is $25000, then the direct manufacturing labor would be ___________?

In customer cost hierarchy, the costs of all activities incurred to sell group of units to end consumers are classified as ____________?

The health care premium for workers and the pension costs are included in _________?

If the flexible budget amount is $7500 and the sales volume variance is $6500, then the static budget amount would be __________?

The inventory of the final goods that are not yet sold is called __________?

In corporate costs, the cost incurred to finance construction of new equipment are classified as __________?