When prices fluctuate widely, which of the following method will even out the effect of fluctuations?
READ MORE +Inventory Management MCQs
Two avoidable reasons for the difference between bin card and physical quantity of material may be and wrong posting in the bin card
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The maximum and minimum lead time is 4 weeks and 3 weeks respectively. If the maximum and minimum weekly consumption is 25 units and 20 units respectively, the re-ordering level will be
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A, B, C analysis is
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________account does not record the balance of stores ledger control account
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Which one of the following is the correct sequence of the purchase procedure of inventory?
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A firm requires 12,800 units of a certain component which it buys @ Rs. 60 each. The cost of placing an order and following it up is Rs. 150 and annual storage charges work out to 10% of the cost of items. The number of units to be ordered to get maximum benefit to the firm are
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A written comprehensive order, with specification, material code, and quantity sent to inform the purchasing department, of a need for material is called
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The technique of economic order quantity is losing significance since the development of
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Normal usage 50 units per week, maximum usage 75 units per week, reorder period 4 to 6 weeks. The minimum level of stock will be
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In a situation of rising prices, profit and tax liability would be lower under method than under method of material issue pricing
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XYZ Ltd. had 4,000 units of inventory in hand on 1st March 2016, costing ₹ 4 per unit. Purchases and issues of material during the month were as follows
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