About 50 units are required every day for a machine. A fixed cost of ₹ 50 is incurred for placing an order. The inventory carrying cost per unit amounts to ₹ 0.02 per day. The lead period is 32 days. Economic Order Quantity is
READ MORE +Inventory Management MCQs
FIFO method of valuing material issues is suitable in times of
READ MORE +
Which one of the following statements is true in ABC classification of materials?
READ MORE +
EOQ is 200 units, ordering cost Rs. 20 per order, and total purchases 4,000 units. The carrying cost per unit will be
READ MORE +
In a company, the weekly minimum and maximum consumption of Material-A is 25 and 75 units respectively. The re-order quantity as fixed by the company is 300 units. The material is received within 4 to 6 weeks from the issue of supply order. The maximum level of Material-A is
READ MORE +
In case of rising prices, the FIFO method will provide
READ MORE +
A company requires 1,500 units, of an item per month. The cost of each unit is Rs. 30. The cost of placing an order is Rs. 200 and the material carrying charges work out to be 20% of the average material. The economic order quantity (EOQ) is
READ MORE +
Under which of the following inventory control technique, the maximum and minimum level of each stock is laid down
READ MORE +
Bill of material acts as an authorization to the store’s department in procuring the material and all the materials listed on the bill is sent to the
READ MORE +
A store ledger is a record of receipts, issues, and closing balances of material by entering
READ MORE +
Which of the following method is based on the assumption that the costliest materials are issued first and inventory is valued at the lowest possible price?
READ MORE +
Under which of the following inventory control techniques, two piles or bundles are maintained for each item of stock
READ MORE +- « Previous Page
- 1
- …
- 11
- 12
- 13
- 14
- 15
- …
- 19
- Next Page »