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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 overtime is considered in cost accounting as ___________?

A indirect costs

B overhead costs

C premium costs

D both a and b

Review Detailed Answer

Correct Answer: both a and b

If the net initial investment is $985000, returned working capital is $7500, then an average investment over five years will be ___________?

A $596,300

B $485,300

C $496,250

D $486,250

Review Detailed Answer

Correct Answer: $496,250

The supplies, plant maintenance, plant rent, plant insurance and cleaning labor come under the type of costs called ____________?

A labor costs

B factory overhead costs

C finished costs

D manufacturing costs

Review Detailed Answer

Correct Answer: factory overhead costs

If an initial investment is $765000, the payback period is 4.5 years, then increase in future cash flow will be __________?

A $5,645,000

B $6,442,500

C $3,442,500

D $5,442,500

Review Detailed Answer

Correct Answer: $3,442,500

The conversion cost is subtracted from direct manufacturing labor cost to calculate the ____________?

A direct overheads

B overhead costs

C factory overhead

D manufacturing overhead cost

Review Detailed Answer

Correct Answer: manufacturing overhead cost

If the net initial investment is $6850000 and the uniform increases yearly cash flows is $2050000, then payback period will be _____________?

A 3.34 years

B 4.34 years

C 5.34 years

D 6.34 years

Review Detailed Answer

Correct Answer: 3.34 years

The direct manufacturing labor costs is $40000 and manufacturing overhead cost is $7000, then conversion cost would be ____________?

A $47,000

B $33,000

C $57,000

D $18,000

Review Detailed Answer

Correct Answer: $47,000

A concept which explains a received money in present time, is more valuable than money received in future is called __________?

A lead value of money

B storage value of money

C time value of money

D cash value of money

Review Detailed Answer

Correct Answer: time value of money

All the costs, which are assigned to manufactured products for specific calculations are classified as ___________?

A contracting costs

B product cost

C government costs

D marketing costs

Review Detailed Answer

Correct Answer: product cost

If the real rate is 16% and an inflation rate is 8%, then the nominal rate of return will be __________?

A 27.28%

B 25.28%

C 22.28

D 21.28

Review Detailed Answer

Correct Answer: 25.28%

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

An overtime is considered in cost accounting as ___________?

If the net initial investment is $985000, returned working capital is $7500, then an average investment over five years will be ___________?

The supplies, plant maintenance, plant rent, plant insurance and cleaning labor come under the type of costs called ____________?

If an initial investment is $765000, the payback period is 4.5 years, then increase in future cash flow will be __________?

The conversion cost is subtracted from direct manufacturing labor cost to calculate the ____________?

If the net initial investment is $6850000 and the uniform increases yearly cash flows is $2050000, then payback period will be _____________?

The direct manufacturing labor costs is $40000 and manufacturing overhead cost is $7000, then conversion cost would be ____________?

A concept which explains a received money in present time, is more valuable than money received in future is called __________?

All the costs, which are assigned to manufactured products for specific calculations are classified as ___________?

If the real rate is 16% and an inflation rate is 8%, then the nominal rate of return will be __________?