Inventory Management MCQs

are those cost, which can be identified and traceable to particular product or costing unit or cost centre

April 29, 2022

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are those cost, which can be identified and traceable to particular product or costing unit or cost centre

Q. …………….. are those cost, which can be identified and traceable to particular product or costing unit or cost centre

A. Indirect material costs

B. Period costs

C. Direct material costs

D. Fixed costs

Answer: Direct material costs

are those cost, which can be identified and traceable to particular product or costing unit or cost centre

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…………… is a list of materials, with specifications, material codes and quantity of each material required for a particular job, process or production unit

are those cost, which can be identified and traceable to particular product or costing unit or cost centre

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Which of the following method is based on the assumption that, latest consignment of materials or goods manufactured are exhausted first and the closing stock is valued at the cost of earliest lot in hand?

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