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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.

If the contribution margin percentage is 30%, the selling price is $5000, then the contribution margin per unit will be ____________?

A $900

B $1,200

C $1,500

D $1,600

Review Detailed Answer

Correct Answer: $1,500

Usage of more resources to develop fundamental standards is classified as ____________?

A potential budget response

B potential management response

C potential price response

D potential cost response

Review Detailed Answer

Correct Answer: potential management response

If the contribution margin is $13000, the total variable cost is $7000 then the total revenue will be _____________?

A $6,000

B −$6000

C $20,000

D −$20000

Review Detailed Answer

Correct Answer: $6,000

The flexible budget amount is added in to fixed overhead flexible budget variance to calculate _____________?

A incurred manufacturing

B incurred production cost

C actual incurred cost

D incurred labor cost

Review Detailed Answer

Correct Answer: actual incurred cost

If the selling price is $5000, the contribution margin per unit is $1000, then the contribution margin percentage will be _____________?

A 12%

B 20%

C 5%

D 15%

Review Detailed Answer

Correct Answer: 20%

If the flexible budget amount is $26000 and fixed overhead flexible budget variance is $12500, then actual incurred cost would be ____________?

A $38,500

B $48,500

C $58,500

D $13,500

Review Detailed Answer

Correct Answer: $38,500

If the revenue is $15000, the total variable cost is $5000 and the fixed cost $2000 then the operating income will be ____________?

A $4,000

B $8,000

C $5,000

D $3,000

Review Detailed Answer

Correct Answer: $8,000

If the budgeted total cost in fixed overhead is $385000 and the budgeted total quantity is $6730, then budgeted fixed overhead cost per unit will be __________?

A $57.21 per unit

B $67.21 per unit

C $77.21 per unit

D $87.21 per unit

Review Detailed Answer

Correct Answer: $57.21 per unit

If the total revenue is $9000, the total variable cost is $2000, then the contribution margin will be ___________?

A $11,000

B −$7000

C $4,500

D $7,000

Review Detailed Answer

Correct Answer: $7,000

The variable overhead flexible budget variance is added to flexible budget amount to calculate _____________?

A actual cost incurred

B fixed cost incurred

C variable cost incurred

D manufacturing cost incurred

Review Detailed Answer

Correct Answer: actual cost incurred

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Management Sciences 5307 MCQs [All-Courses]

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All Topics 5307

If the contribution margin percentage is 30%, the selling price is $5000, then the contribution margin per unit will be ____________?

Usage of more resources to develop fundamental standards is classified as ____________?

If the contribution margin is $13000, the total variable cost is $7000 then the total revenue will be _____________?

The flexible budget amount is added in to fixed overhead flexible budget variance to calculate _____________?

If the selling price is $5000, the contribution margin per unit is $1000, then the contribution margin percentage will be _____________?

If the flexible budget amount is $26000 and fixed overhead flexible budget variance is $12500, then actual incurred cost would be ____________?

If the revenue is $15000, the total variable cost is $5000 and the fixed cost $2000 then the operating income will be ____________?

If the budgeted total cost in fixed overhead is $385000 and the budgeted total quantity is $6730, then budgeted fixed overhead cost per unit will be __________?

If the total revenue is $9000, the total variable cost is $2000, then the contribution margin will be ___________?

The variable overhead flexible budget variance is added to flexible budget amount to calculate _____________?