If an average inventory is 2000 units and annual relevant carrying cost of each unit is $5 then annual relevant carrying cost will be
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An example of purchasing costs include
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Cost of product failure, error prevention and appraisals are classified as
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Activities related to coordinating, controlling and planning activities of flow of inventory are classified as
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The time period between placing an order its receipt in stock is known as
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Average stock level can be calculated as
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Re-ordering level is calculated as
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Which of the following is true for Inventory control?
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If demand of one year is 25000 units, relevant ordering cost for each purchase order is $210 and carrying cost of one unit of stock is $25 then economic order quantity is
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If purchase order lead time is 35 minutes and number of units sold per time is 400 units then reorder point will be
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If required rate of return is 12% and per unit cost of units purchased is $35 then relevant opportunity cost of capital will be
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Costing system which omits some of journal entries in accounting system is known as
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