Inventory Management MCQs

Which of the following documents records the quantity and value of the material?

April 28, 2022

7 Views

Which of the following documents records the quantity and value of the material?

Q. Which of the following documents records the quantity and value of the material?

A. Bin card

B. Stores ledger

C. Both (A) and (B)

D. None of (A) and (B)

Answer: Stores ledger

Which of the following documents records the quantity and value of the material?

Previous

___ method of pricing of material issues is not popular as it always undervalues the stock and leads to the creation of the secret reserve

Which of the following documents records the quantity and value of the material?

Next

The monthly requirement of a component is 4,000 units. The cost per order is ₹ 1,000 and the carrying cost per unit per annum is ₹ 24. The Economic Ordering Quantity is

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