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 variable cost per unit is $25 and the quantity of units sold is 5000, then the total variable cost would be __________?
A $155,000
B $125,000
C $135,000
D $145,000
Correct Answer: $125,000
The budgeted quantity of output unit is 250 and budgeted overhead fixed cost is $150, then budgeted fixed overhead output unit will be __________?
A $67,500
B $57,500
C $47,500
D $37,500
Correct Answer: $37,500
If break-even number of units are 120 units and the fixed cost is $62000, then the contribution margin per unit will be __________?
A $74,400
B $7,440,000
C $516.67
D $51,667
Correct Answer: $516.67
The variance is solely because of the difference between budgeted quantity and the ___________?
A flexible hours
B actual cost
C actual quantity
D actual price
Correct Answer: actual quantity
If the contribution margin per unit is $1000 and the contribution margin percentage is 25%, then the selling price would be ____________?
A $2,500
B $4,000
C $3,800
D $3,800
Correct Answer: $4,000
Of the cost allocation base, the difference between actual and budgeted variable overhead cost multiplied by actual quantity for actual output is classified as ____________?
A variable overhead spending variance
B fixed overhead spending variance
C constant spending variance
D potential spending variance
Correct Answer: variable overhead spending variance
If the total revenue is $10000 and the total variable cost is $4000, then the contribution margin would be ___________?
A $25,000
B $14,000
C $6,000
D $8,400
Correct Answer: $14,000
If an actual quantity of cost allocation base is $48000 and budgeted quantity of cost allocation base is $28000, then variable overhead efficiency variance would be __________?
A $20,000
B $76,000
C $86,000
D $96,000
Correct Answer: $20,000
If the contribution per unit is $900 and the number of units sold is $70, then the contribution margin will be _____________?
A $97,000
B $83,000
C $63,000
D $12,860
Correct Answer: $63,000
All the salaries are paid to supervisors and engineers and cost of leasing equipment are classified as __________?
A variable setup costs
B fixed setup costs
C variable batch costs
D fixed batch costs
Correct Answer: fixed setup costs