Inventory Management MCQs

During the time of inflation, which method of pricing of material issues leads to higher material costs for a job?

April 28, 2022

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During the time of inflation, which method of pricing of material issues leads to higher material costs for a job?

Q. During the time of inflation, which method of pricing of material issues leads to higher material costs for a job?

A. First in first out method

B. Last in first out method

C. Highest in first out method

D. Standard pricing method

Answer: Last in first out method

During the time of inflation, which method of pricing of material issues leads to higher material costs for a job?

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V Ltd. is the manufacturer of picture tubes for TV, The following are details of their operation. Minimum usages 50 tubes per week, Maximum usages 200 tubes per week; Normal usages 100 tubes per week; lead time to supply 4-6 weeks; and Re-order quantity 400tubes. What would be the maximum and minimum level of stock?

During the time of inflation, which method of pricing of material issues leads to higher material costs for a job?

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Which of the following is the objective of inventory management?

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