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?
READ MORE +Inventory Management MCQs
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 = ?
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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 ?
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Cost of abnormal wastage is
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The average annual consumption of material is 20,000 kg at a price of ₹ 2 per kg. The storage cost is 16% on average inventory and the cost of placing one order is ₹ 50. How much is to be purchased at a time?
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In case of rising prices (inflation), LIFO method will
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Which one out of the following is not an inventory valuation method?
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In case of rising prices (inflation), FIFO method will
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ABC analysis is an inventory control technique in which
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Economic order quantity is that quantity at which cost of holding and carrying inventory is
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Bin Card is a_______
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Stores Ledger is a:
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