Inventory Management MCQs

…………… are that portion of the process loss, which can be converted into a finished product by incurring more material and labour expenses

April 29, 2022

6 Views

are that portion of the process loss, which can be converted into

Q. …………… are that portion of the process loss, which can be converted into a finished product by incurring more material and labour expenses

A. Waste

B. Scrap

C. Spoilage

D. Defectives

Answer: Scrap

…………… are that portion of the process loss, which can be converted into a finished product by incurring more material and labour expenses

Previous

Bill of material acts as an authorization to the in procuring the materials and the concerned department in material requisition from the stores

…………… are that portion of the process loss, which can be converted into a finished product by incurring more material and labour expenses

Next

Which of the following accounting treatment is correct in relation to “Spoilage”?

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