M C Q s D r i v e

Management Sciences 5307 MCQs [All-Courses]

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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 20% and the selling price is $4000, then contribution margin per unit will be ______________?
A $200
B $400
C $600
D $800
Correct Answer: $800
If the cost of indirect support labor is $5000, equipment maintenance setup cost is $7000 and machinery leasing cost is $4000 then variable fixed cost will be ___________?
A $16,000
B $12,000
C $18,000
D $21,000
Correct Answer: $12,000
The selling price is multiplied to quantity of sold units to calculate _____________?
A revenues
B sold quantity
C sold price
D bulk price
Correct Answer: revenues
The fixed overhead allocated for actual output unit is subtracted from budgeted fixed overhead to calculate _______________?
A budget variance
B production volume variance
C price volume variance
D cost volume variance
Correct Answer: production volume variance
The contribution margin per unit is divided by selling price to calculate ____________?
A fixed margin percentage
B contribution margin percentage
C variable margin percentage
D breakeven margin percentage
Correct Answer: contribution margin percentage
The second step in developing operating budget is to _________?
A identify variable overhead cost
B compute the per unit rate
C choose the budgeting period
D select allocation bases
Correct Answer: select allocation bases
In manufacturing companies, the revenue and cost drivers are categorized under ____________?
A variable costs
B costs of goods sold
C number of units sold
D all of above
Correct Answer: number of units sold
In flexible budget analysis, the variable overhead flexible budget variance is equal to _________?
A fixed cost-variable budget amount
B actual cost-flexible budget amount
C variable cost-allocated amount
D actual cost-variable amount
Correct Answer: actual cost-flexible budget amount
If the fixed cost is $50000 and the contribution margin percentage is 20%, then the breakeven revenue will be _____________?
A $100,000
B $150,000
C $250,000
D $225,000
Correct Answer: $250,000
If the fixed setup cost is $21000 and the variable setup cost is $11000, then the setup cost would be _________?
A $12,000
B $15,000
C $10,000
D $32,000
Correct Answer: $32,000