M C Q s D r i v e

Management Sciences 5307 MCQs [All-Courses]

thumb

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 standard input allows one unit, to be divided by standard cost per output unit, for variable direct cost input to calculate ___________?
A standard price per input unit
B standard price per output unit
C standard cost per input unit
D standard cost per output unit
Correct Answer: standard price per input unit
If the budgeted indirect cost arte is $115 and the budgeted cost allocation base is $830 per hour, then the annual indirect cost (budgeted) will be ___________?
A $93,450
B $94,560
C $96,450
D $95,450
Correct Answer: $95,450
If the actual input price is $150 and the budgeted input price is $80, then the price variance will be ___________?
A $130
B $70
C $150
D $80
Correct Answer: $70
The procedure of assigning the direct cost to any cost abject is classified as ____________?
A sales allocation
B cost tracing
C cost allocation
D sales tracing
Correct Answer: cost allocation
If the actual price input is $700, the budgeted price of input is $400 and the actual quantity of input are 50 units, then the price variance will be ___________?
A $15,000
B $13,000
C $11,000
D $9,000
Correct Answer: $15,000
If the budgeted cost in indirect cost pool is $144500 and total quantity of cost allocation base is $165500, then the budgeted indirect cost rate will be __________?
A 67.30%
B 87.31%
C 55.50%
D 45.50%
Correct Answer: 87.31%
If the actual input quantity is 300 units and the budgeted input quantity is 100 units, then the efficiency variance will be ____________?
A 600 units
B 200 units
C 400 units
D 500 units
Correct Answer: 200 units
If an actual manufacturing overhead costs is $485000 and actual total quantity of cost allocation base is 4500 labor hours, then the overhead rate would be _____________?
A 109.87
B $107.78
C $106.56
D $104.34
Correct Answer: $107.78
If the static budget variance is $38000 and the static budget amount is $12000, then an actual result would be _____________?
A $36,000
B $60,000
C $26,000
D $50,000
Correct Answer: $50,000
The costing technique, in which the actual direct rates are multiplied to quantity of direct cost inputs is classified as __________?
A priced costing
B actual costing
C direct costing
D indirect costing
Correct Answer: actual costing