Inventory Management MCQs

A method that uses a predetermined overhead rate to allocate overhead costs is known as ____

April 28, 2022

57 Views

A method that uses a predetermined overhead rate to allocate overhead costs is known as ____

Q. A method that uses a predetermined overhead rate to allocate overhead costs is known as ____.

A. Plant-wide allocation

B. Shipping allocation

C. Department allocation

D. Production-wide allocation

Answer: Plant-wide allocation

A method that uses a predetermined overhead rate to allocate overhead costs is known as ____

Previous

Which among the following costs is the expense of storing inventory for a specified period of time?

A method that uses a predetermined overhead rate to allocate overhead costs is known as ____

Next

Project SURE: UPSC Daily Important Topic | 28 April 2022

Related Articles

A publishing house purchases 2,000 units of a particular item per year at a unit cost of ₹ 20

A publishing house purchases 2,000 units of a particular item per year at a unit cost of ₹ 20. The ordering cost per order is ₹ 50 and the inventory carrying cost is 25%. How will be the total cost if company decides to buy in EOQ?

A manufacturer requires 9,600 units of a certain component annually

A manufacturer requires 9,600 units of a certain component annually. This is currently purchased from a regular supplier at ₹ 50 per unit. The cost of placing an order is ₹ 60 per order and the annual carrying cost is ₹ 5 per price. Annual ordering plus carrying cost = ?

The annual demand of a certain component bought from the market is 1,000 units

The annual demand of a certain component bought from the market is 1,000 units. The cost of placing an order is ₹ 60 and the carrying cost per unit is ₹ 3 p.a. The Economic Order Quantity for the item is ?

Cost of abnormal wastage is

Cost of abnormal wastage is

We will be happy to hear your thoughts

Leave a reply Cancel reply