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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.

The target annual operating income is divided with invested capital to calculate _____________?

A target rate of return on investment

B operating income per unit

C operating cost per unit

D cost of goods sold

Review Detailed Answer

Correct Answer: target rate of return on investment

If the static budget amount is $9000, the flexible budget amount is $20000, then the sales volume variance will be _________?

A $29,000

B $11,000

C $15,000

D $10,000

Review Detailed Answer

Correct Answer: $11,000

In dependent variable cost pool, the relationship between individual cost items and cost drivers can be classified as ___________?

A non homogeneous relationship

B homogeneous relationship

C an internal relationship

D an extreme relationship

Review Detailed Answer

Correct Answer: non homogeneous relationship

If the actual selling price is $500, actual result is $250 and the actual units sold are 350, then the selling price variance will be ____________?

A $87,500

B $97,500

C $67,500

D $57,500

Review Detailed Answer

Correct Answer: $87,500

The method which considers the lowest and highest values of cost driver and cost within relevant range is called ____________?

A low high method

B constant equation

C variable equation

D high low method

Review Detailed Answer

Correct Answer: high low method

If the actual result is $25000 and the flexible budget amount is $11000, then the flexible budget amount is __________?

A $36,000

B $46,000

C $56,000

D $14,000

Review Detailed Answer

Correct Answer: $14,000

If an unexplained variation is 350050 and the total variation is 700505, then coefficient of determination would be ____________?

A 3

B 0.5003

C 0.7003

D 2

Review Detailed Answer

Correct Answer: 2

If the static budget amount is $6000 and the flexible budget amount is $15000, then the sales volume variance will be ___________?

A $9,000

B $8,000

C $12,000

D $21,000

Review Detailed Answer

Correct Answer: $9,000

The situation in which two or more independent variables are highly correlated is known as ___________?

A price linearity

B cost linearity

C division linearity

D multi-collinearity

Review Detailed Answer

Correct Answer: cost linearity

If the number of units are 3000 and the per unit price is $500, then the flexible budget variable will be _______?

A $1,500,000

B $2,500,000

C $3,500,000

D $4,500,000

Review Detailed Answer

Correct Answer: $1,500,000

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

The target annual operating income is divided with invested capital to calculate _____________?

If the static budget amount is $9000, the flexible budget amount is $20000, then the sales volume variance will be _________?

In dependent variable cost pool, the relationship between individual cost items and cost drivers can be classified as ___________?

If the actual selling price is $500, actual result is $250 and the actual units sold are 350, then the selling price variance will be ____________?

The method which considers the lowest and highest values of cost driver and cost within relevant range is called ____________?

If the actual result is $25000 and the flexible budget amount is $11000, then the flexible budget amount is __________?

If an unexplained variation is 350050 and the total variation is 700505, then coefficient of determination would be ____________?

If the static budget amount is $6000 and the flexible budget amount is $15000, then the sales volume variance will be ___________?

The situation in which two or more independent variables are highly correlated is known as ___________?

If the number of units are 3000 and the per unit price is $500, then the flexible budget variable will be _______?