Management Sciences 5308 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.

An inventory which consists of stock waiting to be used In the process of manufacturing is known as ___________?

A finished goods inventory

B indirect material inventory

C direct materials inventory

D work in process inventory

Review Detailed Answer

Correct Answer: direct materials inventory

The relevant costs are classified in relevance concepts as ____________?

A expected future costs

B serial costs

C parallel costs

D abnormal costs

Review Detailed Answer

Correct Answer: expected future costs

The cost computed by dividing total manufacturing cost and total manufactured units is known as ____________?

A per unit cost

B total cost

C total indirect cost

D total effective cost

Review Detailed Answer

Correct Answer: per unit cost

The difference that exists between total revenues, can be earned from two different alternatives is termed as ________?

A independent revenue

B incremental revenue

C differential revenue

D dependent revenue

Review Detailed Answer

Correct Answer: differential revenue

In cost accounting, the types of inventory do not include ______________?

A direct materials inventory

B work in process inventory

C finished goods inventory

D indirect material inventory

Review Detailed Answer

Correct Answer: indirect material inventory

As compared to irrelevant cost, the occurrence of relevant costs must ___________?

A have high correlation

B be in future

C be in past

D be zero correlated

Review Detailed Answer

Correct Answer: be in future

The machine budgeted time standards are set too tight, is the possible cause for ____________?

A priced budget

B exceeding budget

C fixed budget

D variable budget

Review Detailed Answer

Correct Answer: exceeding budget

The factor, which is largely considered in making or buying decisions is __________?

A quality of suppliers

B dependability of suppliers

C production irrelevancy

D both a and b

Review Detailed Answer

Correct Answer: both a and b

If an actual variable quantity is 70, the actual and budgeted overhead cost of allocation is $8650 and $3500 respectively, then the variable overhead spending variance will be __________?

A $660,500

B $560,500

C $460,500

D $360,500

Review Detailed Answer

Correct Answer: $360,500

The book value of existing equipment is a historical cost and not necessary for deciding equipment replacement, thus it can be considered as ___________?

A operating cost

B sunk cost

C in-house cost

D out-house cost

Review Detailed Answer

Correct Answer: sunk cost

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Management Sciences 5308 MCQs [All-Courses]

All Topics 5308

All Topics 5308

An inventory which consists of stock waiting to be used In the process of manufacturing is known as ___________?

The relevant costs are classified in relevance concepts as ____________?

The cost computed by dividing total manufacturing cost and total manufactured units is known as ____________?

The difference that exists between total revenues, can be earned from two different alternatives is termed as ________?

In cost accounting, the types of inventory do not include ______________?

As compared to irrelevant cost, the occurrence of relevant costs must ___________?

The machine budgeted time standards are set too tight, is the possible cause for ____________?

The factor, which is largely considered in making or buying decisions is __________?

If an actual variable quantity is 70, the actual and budgeted overhead cost of allocation is $8650 and $3500 respectively, then the variable overhead spending variance will be __________?

The book value of existing equipment is a historical cost and not necessary for deciding equipment replacement, thus it can be considered as ___________?

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Management Sciences 5308 MCQs [All-Courses]

All Topics 5308

All Topics 5308

Accounting Mcqs 1450

Auditing Mcqs 145

Finance Mcqs 1051

HRM Mcqs 940

Marketing Mcqs 1722

An inventory which consists of stock waiting to be used In the process of manufacturing is known as ___________?

The relevant costs are classified in relevance concepts as ____________?

The cost computed by dividing total manufacturing cost and total manufactured units is known as ____________?

The difference that exists between total revenues, can be earned from two different alternatives is termed as ________?

In cost accounting, the types of inventory do not include ______________?

As compared to irrelevant cost, the occurrence of relevant costs must ___________?

The machine budgeted time standards are set too tight, is the possible cause for ____________?

The factor, which is largely considered in making or buying decisions is __________?

If an actual variable quantity is 70, the actual and budgeted overhead cost of allocation is $8650 and $3500 respectively, then the variable overhead spending variance will be __________?

The book value of existing equipment is a historical cost and not necessary for deciding equipment replacement, thus it can be considered as ___________?