Inventory Management MCQs

Raw materials are directly identifiable as part of the final product and are classified as

April 29, 2022

28 Views

Raw materials are directly identifiable as part of the final product and are classified as

Q. Raw materials are directly identifiable as part of the final product and are classified as

A. Period costs

B. Fixed costs

C. Direct materials

D. Any of the above

Answer: Direct materials

Raw materials are directly identifiable as part of the final product and are classified as

Previous

Inventory is valued at

Raw materials are directly identifiable as part of the final product and are classified as

Next

Which of the following statement is correct in relation to “need for proper inventory control”?

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.