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.

The contribution margin per unit is divided by contribution margin percentage to calculate ______________?
A percentage price
B margin price
C contribute price
D selling price
Correct Answer: selling price
In production volume variance, an acquiring fixed cost such as equipment and plant lease is known as ____________?
A lump sum price amount
B lump sum fixed cost
C lump sum variable cost
D lump sum manufacturing cost
Correct Answer: lump sum fixed cost
The fixed cost is divided to contribution margin to calculate _____________?
A breakeven revenue
B total revenue
C fixed revenue
D variable revenue
Correct Answer: breakeven revenue
If the total setup cost is $42000 and fixed setup cost is $17000, then the variable fixed cost would be ____________?
A $59,000
B $25,000
C $15,000
D $39,000
Correct Answer: $25,000
The contribution margin per unit is divided by the selling price of the product to calculate ______________?
A selling margin percentage
B cost margin percentage
C discount percentage
D contribution margin percentage
Correct Answer: contribution margin percentage
An activity based costing hierarchy includes _____________?
A batch level
B output unit level
C facility and product sustaining
D all of above
Correct Answer: all of above
If the contribution margin per unit is $800 and the selling price is $20000, then the contribution margin percentage will be _____________?
A 17%
B 14%
C 4%
D 25%
Correct Answer: 4%
If the flexible budget amount is $21500 and fixed overhead flexible budget variance is $10000, then actual incurred cost will be _________?
A $61,500
B $31,500
C $41,500
D $51,500
Correct Answer: $31,500
The difference between variable cost per unit and the selling price can be classified as _____________?
A contribution margin per unit
B variable margin per unit
C selling margin per unit
D sale per unit
Correct Answer: contribution margin per unit
In manufacturing settings, the budgeted fixed overhead rate is classified as ___________?
A production numerator level
B production denominator level
C production cost level
D production fixed level
Correct Answer: production denominator level