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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 difference between costs linked to highest and lowest observation of cost driver, is $8000 and observation of cost driver is 40 machine hours, then slope coefficient will be _____________?

A $16,000

B $200

C $400

D $20,000

Review Detailed Answer

Correct Answer: $200

The quantity or number of units of different products that together make up total sales of the company is called _____________?

A sales mix

B product mix

C unit mix

D quantity mix

Review Detailed Answer

Correct Answer: sales mix

In step cost functions, the cost is increased by ____________?

A discrete amounts

B same amounts

C linear amounts

D nonlinear amounts

Review Detailed Answer

Correct Answer: discrete amounts

In cost accounting, the financial way of charging price for product above the cost, of acquiring or producing the goods is known as ___________?

A sales margin

B cost margin

C Gross margin

D income margin

Review Detailed Answer

Correct Answer: Gross margin

In linear cost function, the fixed cost is considered as _________?

A constant

B variable

C exponent

D base

Review Detailed Answer

Correct Answer: constant

If the contribution margin of bundle is $4000 and the revenue of the bundle is $16000, then the contribution margin percentage for bundle will be _____________?

A 10%

B 15%

C 25%

D 35%

Review Detailed Answer

Correct Answer: 25%

The strength of relationship between cost driver and cost is considered as __________?

A badness of residual

B goodness of residual

C badness of fit

D goodness of fit

Review Detailed Answer

Correct Answer: goodness of fit

If the gross margin is $6000 and the total revenue is $26000, then the gross margin percentage will be _____________?

A 23.08%

B 24.08%

C 25.08%

D 26.08%

Review Detailed Answer

Correct Answer: 23.08%

The vertical difference, which measures distance between estimated and actual cost for every single observation is classified as __________?

A residual term

B positive term

C negative term

D squared term

Review Detailed Answer

Correct Answer: residual term

The revenue is $11000 and all the variable cost is $6000, then the contribution margin would be ____________?

A −$17000

B $17,000

C $5,000

D −$5000

Review Detailed Answer

Correct Answer: $5,000

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

If the difference between costs linked to highest and lowest observation of cost driver, is $8000 and observation of cost driver is 40 machine hours, then slope coefficient will be _____________?

The quantity or number of units of different products that together make up total sales of the company is called _____________?

In step cost functions, the cost is increased by ____________?

In cost accounting, the financial way of charging price for product above the cost, of acquiring or producing the goods is known as ___________?

In linear cost function, the fixed cost is considered as _________?

If the contribution margin of bundle is $4000 and the revenue of the bundle is $16000, then the contribution margin percentage for bundle will be _____________?

The strength of relationship between cost driver and cost is considered as __________?

If the gross margin is $6000 and the total revenue is $26000, then the gross margin percentage will be _____________?

The vertical difference, which measures distance between estimated and actual cost for every single observation is classified as __________?

The revenue is $11000 and all the variable cost is $6000, then the contribution margin would be ____________?