Re-order costs are the costs of making orders to purchase a quantity of a material item from a supplier. They include costs such as
READ MORE +Re-order costs are the costs of making orders to purchase a quantity of a material item from a supplier. They include costs such as
READ MORE +Inventory holding costs include:
READ MORE +The following classes of costs are usually involved in inventory decisions except
READ MORE +‘Buffer stock’ is the level of stock
READ MORE +Which of the following is true for Inventory control?
READ MORE +The order cost per order of an inventory is Rs. 400 with an annual carrying cost of Rs. 10 per unit. The Economic Order Quantity (EOQ) for an annual demand of 2000 units is
READ MORE +If relevant opportunity cost of capital is $2950 and relevant carrying cost of inventory is $6700 then relevant incremental cost will be
READ MORE +An example of shrinkage costs includes
READ MORE +If relevant incremental costs are $5000 and relevant opportunity cost of invested capital is $2500 then relevant inventory carrying costs would be
READ MORE +Decision model to calculate optimal quantity of inventory to be ordered is called
READ MORE +Stage in manufacturing cycle at which journal entries are made in system of accountancy is known as
READ MORE +Method of costing that supports creation of value for customer by accounting whole value stream rather than individual departments or products is classified as
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