Inventory Management MCQs

…………….. are goods/units which can be converted into a finished product by incurring more material & labour expenses

April 29, 2022

12 Views

…………….. are goods/units which can be converted into a finished product by incurring more material & labour expenses

Q. …………….. are goods/units which can be converted into a finished product by incurring more material & labour expenses.

A. Scrap

B. Waste

C. Spoilage

D. Defectives

Answer: Defectives

…………….. are goods/units which can be converted into a finished product by incurring more material & labour expenses

Previous

………….. may be defined as that quantity of purchase which minimizes material order cost and material carrying cost

…………….. are goods/units which can be converted into a finished product by incurring more material & labour expenses

Next

Reorder Level = Safety Stock +_______

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

You must be logged in to post a comment.