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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 is $15000 and the units sold are 500 units, then the contribution margin per unit would be ___________?

A $20 per unit

B $30 per unit

C $50 per unit

D $40 per unit

Review Detailed Answer

Correct Answer: $30 per unit

An indirect setup labor costs, costs of setup and equipment maintenance and costs of indirect material can be categorized as ______________?

A variable batch costs

B fixed batch costs

C variable setup costs

D fixed setup costs

Review Detailed Answer

Correct Answer: variable setup costs

The variable cost is subtracted from fixed costs to calculate ____________?

A unit income

B fixed income

C operating income

D marginal income

Review Detailed Answer

Correct Answer: operating income

The costing technique, which classify all the activities in costing hierarchy is classified as ____________?

A activity based costing

B non-financial costing

C profit costing

D lump sum costing

Review Detailed Answer

Correct Answer: activity based costing

At the break-even point, an operating income must be equal to ____________?

A $3,000

B $2,000

C $1,000

D zero

Review Detailed Answer

Correct Answer: zero

A measure which evaluates overall tradeoff and effect among non-financial performance measure is _____________?

A non-financial measures

B financial measures

C effective measure

D lump sum measure

Review Detailed Answer

Correct Answer: financial measures

If the contribution margin per unit is $700 per unit and the break-even per unit is $40, then the fixed cost would be _____________?

A $35,000

B $28,000

C $17,500

D $82,000

Review Detailed Answer

Correct Answer: $28,000

The higher plant leasing, higher administrative costs and higher depreciation on equipment and plants are all the factors of _____________?

A favorable spending variance

B unfavorable spending variance

C favorable price variance

D unfavorable price variance

Review Detailed Answer

Correct Answer: favorable spending variance

The quantity of manufactured goods are sold at which the total cost equal, is known as _____________?

A breakeven point

B cost point

C revenue point

D quantity point

Review Detailed Answer

Correct Answer: breakeven point

The lower plant leasing, lower administrative costs, lower depreciation on equipment and plant are all the factors of _____________?

A favorable price variance

B unfavorable price variance

C favorable spending variance

D unfavorable spending variance

Review Detailed Answer

Correct Answer: favorable spending variance

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Management Sciences 5307 MCQs [All-Courses]

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All Topics 5307

If the contribution margin is $15000 and the units sold are 500 units, then the contribution margin per unit would be ___________?

An indirect setup labor costs, costs of setup and equipment maintenance and costs of indirect material can be categorized as ______________?

The variable cost is subtracted from fixed costs to calculate ____________?

The costing technique, which classify all the activities in costing hierarchy is classified as ____________?

At the break-even point, an operating income must be equal to ____________?

A measure which evaluates overall tradeoff and effect among non-financial performance measure is _____________?

If the contribution margin per unit is $700 per unit and the break-even per unit is $40, then the fixed cost would be _____________?

The higher plant leasing, higher administrative costs and higher depreciation on equipment and plants are all the factors of _____________?

The quantity of manufactured goods are sold at which the total cost equal, is known as _____________?

The lower plant leasing, lower administrative costs, lower depreciation on equipment and plant are all the factors of _____________?