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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 selling price is $2000 and the contribution margin per unit is $800, then the contribution margin percentage would be ____________?

A $14,000

B $25,700

C $16,000

D $25,000

Review Detailed Answer

Correct Answer: $14,000

The less skilled workers for operating machines then expected are classified as ___________?

A cause for exceeding budget

B cause of less employment

C fixed cost variation

D variable cost variation

Review Detailed Answer

Correct Answer: cause for exceeding budget

If the contribution margin per unit is $500 and the contribution margin percentage is 25%, then the selling price will be ____________?

A $2,000

B $5,250

C $4,280

D $3,860

Review Detailed Answer

Correct Answer: $2,000

If an actual variable quantity is 50, the actual and budgeted overhead cost of allocation is $7550 and $4500 respectively, then the variable overhead spending variance could be __________?

A $182,500

B $152,500

C $162,500

D $172,500

Review Detailed Answer

Correct Answer: $152,500

In a relevant range, the variable cost per unit, selling price and total fixed costs are ___________?

A unknown and variable

B known and variable

C unknown and constant

D known and constant

Review Detailed Answer

Correct Answer: known and constant

If the total setup cost is $35000 and fixed setup cost is $19000, then the variable fixed cost would be _____________?

A $16,000

B $54,000

C $64,000

D $74,000

Review Detailed Answer

Correct Answer: $16,000

If the fixed cost is $40000 and the contribution margin per unit is $800 per unit, then the breakeven of units will be ___________?

A 60 units

B 30 units

C 50 units

D 70 units

Review Detailed Answer

Correct Answer: 50 units

In overhead cost variance analysis, the fixed overhead does not include ______________?

A efficiency variance

B unfavorable variance

C production volume variance

D favorable variance

Review Detailed Answer

Correct Answer: efficiency variance

If the fixed cost is $30000 and the contribution margin per unit is $600 per unit, then the breakeven in units will be ____________?

A 50 units

B 60 units

C 70 units

D 65 units

Review Detailed Answer

Correct Answer: 50 units

To calculate fixed overhead flexible budget variance, an actual incurred cost is subtracted from ___________?

A flexible budget amount

B constant amount

C variable amount

D production amount

Review Detailed Answer

Correct Answer: flexible budget amount

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Management Sciences 5307 MCQs [All-Courses]

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All Topics 5307

If the selling price is $2000 and the contribution margin per unit is $800, then the contribution margin percentage would be ____________?

The less skilled workers for operating machines then expected are classified as ___________?

If the contribution margin per unit is $500 and the contribution margin percentage is 25%, then the selling price will be ____________?

If an actual variable quantity is 50, the actual and budgeted overhead cost of allocation is $7550 and $4500 respectively, then the variable overhead spending variance could be __________?

In a relevant range, the variable cost per unit, selling price and total fixed costs are ___________?

If the total setup cost is $35000 and fixed setup cost is $19000, then the variable fixed cost would be _____________?

If the fixed cost is $40000 and the contribution margin per unit is $800 per unit, then the breakeven of units will be ___________?

In overhead cost variance analysis, the fixed overhead does not include ______________?

If the fixed cost is $30000 and the contribution margin per unit is $600 per unit, then the breakeven in units will be ____________?

To calculate fixed overhead flexible budget variance, an actual incurred cost is subtracted from ___________?