………….. may be defined as that quantity of purchase which minimizes material order cost and material carrying cost
READ MORE +Inventory Management MCQs
Which of the following is property of “Normal Waste”?
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Under which of the following plan the analyst lays down a minimum and maximum quantity for each stock item keeping in view its usage, requirements and margin of safety required to minimize risk of stock outs?
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Under …………. a pre-determined price is fixed for valuing each material
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………. are those materials or components which are so damaged in the manufacturing process that they cannot be repaired or reconditioned
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…………….. is an optimum quantity of material to be ordered every time an order is placed. EOQ may be defined as that quantity of purchase which minimizes material order cost and material carrying cost
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The model and formula of EOQ was developed by in 1913
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Which of the following technique can be used for inventory control?
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Which of the following accounting treatment is correct in relation to “Spoilage”?
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…………… are that portion of the process loss, which can be converted into a finished product by incurring more material and labour expenses
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Bill of material acts as an authorization to the in procuring the materials and the concerned department in material requisition from the stores
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………. records the quantity details,rates and values of stock movements
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