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

3 Views

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?

Previous

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?

Next

Which of the following is the objective of inventory management?

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