Inventory Management MCQs

Method of costing that supports creation of value for customer by accounting whole value stream rather than individual departments or products is classified as

April 27, 2022

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Method of costing that supports creation of value for customer by accounting whole value stream rather than individual departments or products is classified as

Q. Method of costing that supports creation of value for customer by accounting whole value stream rather than individual departments or products is classified as

A. economic accounting

B. back-flush accounting

C. lean accounting

D. lead accounting

Answer: lean accounting

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Method of costing that supports creation of value for customer by accounting whole value stream rather than individual departments or products is classified as

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If an average inventory is 2000 units and annual relevant carrying cost of each unit is $5 then annual relevant carrying cost will be

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Stage in manufacturing cycle at which journal entries are made in system of accountancy is known as

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