Inventory Management MCQs

Under …………. a pre-determined price is fixed for valuing each material

April 29, 2022

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Under …………. a pre-determined price is fixed for valuing each material

Q. Under …………. a pre-determined price is fixed for valuing each material.

A. Base Stock Method

B. Specific Identification Method

C. Market Price Method

D. Standard Cost Method

Answer: Standard Cost Method

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

Under …………. a pre-determined price is fixed for valuing each material

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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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