Inventory Management MCQs

Costing system which omits some of journal entries in accounting system is known as

April 27, 2022

12 Views

Costing system which omits some of journal entries in accounting system is known as

Q. Costing system which omits some of journal entries in accounting system is known as

A. ain-time costing

B. trigger costing

C. back flush costing

D. lead time costing

Answer: back flush costing

Costing system which omits some of journal entries in accounting system is known as

Previous

Profit forgone by capital investment in inventory rather than investment of capital to somewhere else is classified as

Costing system which omits some of journal entries in accounting system is known as

Next

If required rate of return is 12% and per unit cost of units purchased is $35 then relevant opportunity cost of capital will be

Related Articles

A publishing house purchases 2,000 units of a particular item per year at a unit cost of ₹ 20

A publishing house purchases 2,000 units of a particular item per year at a unit cost of ₹ 20. The ordering cost per order is ₹ 50 and the inventory carrying cost is 25%. How will be the total cost if company decides to buy in EOQ?

A manufacturer requires 9,600 units of a certain component annually

A manufacturer requires 9,600 units of a certain component annually. This is currently purchased from a regular supplier at ₹ 50 per unit. The cost of placing an order is ₹ 60 per order and the annual carrying cost is ₹ 5 per price. Annual ordering plus carrying cost = ?

The annual demand of a certain component bought from the market is 1,000 units

The annual demand of a certain component bought from the market is 1,000 units. The cost of placing an order is ₹ 60 and the carrying cost per unit is ₹ 3 p.a. The Economic Order Quantity for the item is ?

Cost of abnormal wastage is

Cost of abnormal wastage is

We will be happy to hear your thoughts

Leave a reply Cancel reply

You must be logged in to post a comment.