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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.

A product performance in comparison to its features and design is classified as ___________?

A learning quality

B design quality

C conformance quality

D business process quality

Review Detailed Answer

Correct Answer: conformance quality

If an actual indirect cost incurred is $25000 and the indirect cost allocated is $23000, then the over allocated indirect cost would be ________?

A $48,000

B −$2000

C $2,000

D −$48000

Review Detailed Answer

Correct Answer: $2,000

If the employees of division A work for 8000 hours for $90 per hour, then the rate must be paid in division B in accordance of single rate method will be ___________?

A $90 per hour

B less than $90 per hour

C greater than $90 per hour

D none of above

Review Detailed Answer

Correct Answer: $90 per hour

An allocation approach, in which all the overhead entries are restated using actual cost rates in place of budgeted rates is called ___________?

A unadjusted budget rate approach

B adjusted allocation rate approach

C unadjusted allocation rate approach

D adjusted budget rate approach

Review Detailed Answer

Correct Answer: adjusted allocation rate approach

Support department cost allocation method which makes no difference between variable and fixed costs is classified as ___________?

A sales mix allocation method

B dual-rate cost-allocation method

C single rate cost allocation method

D quantity variance allocation method

Review Detailed Answer

Correct Answer: single rate cost allocation method

In normal costing, the manufacturing overhead allocated is also called _________?

A manufacturing overhead applied

B labor overhead applied

C cost overhead applied

D budget overhead applied

Review Detailed Answer

Correct Answer: manufacturing overhead applied

A particular term for which specific revenue measurement is required is known as __________?

A revenue allocation

B revenue object

C revenue increment

D reciprocal revenue

Review Detailed Answer

Correct Answer: revenue object

If an actual manufacturing overhead costs is $225000 and actual total quantity of cost allocation base is 2500 labor hours, then the overhead rate will be __________?

A $60

B $90

C $80

D $70

Review Detailed Answer

Correct Answer: $90

The method, which uses specific information on products as weights to allocate bundled revenues for each product in bundle is classified as ___________?

A step down allocation method

B stand-alone revenue allocation method

C incremental revenue allocation method

D revenue mix allocation method

Review Detailed Answer

Correct Answer: stand-alone revenue allocation method

The costing and allocating situation, in which the indirect cost allocated amount is less than actually incurred amount is known as ___________?

A over allocated budget

B under allocated budget

C under allocated indirect cost

D over allocated direct cost

Review Detailed Answer

Correct Answer: under allocated indirect cost

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Management Sciences 5307 MCQs [All-Courses]

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All Topics 5307

A product performance in comparison to its features and design is classified as ___________?

If an actual indirect cost incurred is $25000 and the indirect cost allocated is $23000, then the over allocated indirect cost would be ________?

If the employees of division A work for 8000 hours for $90 per hour, then the rate must be paid in division B in accordance of single rate method will be ___________?

An allocation approach, in which all the overhead entries are restated using actual cost rates in place of budgeted rates is called ___________?

Support department cost allocation method which makes no difference between variable and fixed costs is classified as ___________?

In normal costing, the manufacturing overhead allocated is also called _________?

A particular term for which specific revenue measurement is required is known as __________?

If an actual manufacturing overhead costs is $225000 and actual total quantity of cost allocation base is 2500 labor hours, then the overhead rate will be __________?

The method, which uses specific information on products as weights to allocate bundled revenues for each product in bundle is classified as ___________?

The costing and allocating situation, in which the indirect cost allocated amount is less than actually incurred amount is known as ___________?