Inventory Management MCQs

Wood used in production of tables and chairs, steel bars used in steel factory etc are the examples of

April 29, 2022

31 Views

Wood used in production of tables and chairs, steel bars used in steel factory etc are the examples of

Q. Wood used in production of tables and chairs, steel bars used in steel factory etc are the examples of

A. Indirect material

B. Direct material

C. Fixed material

D. All of the above

Answer: Direct material

Wood used in production of tables and chairs, steel bars used in steel factory etc are the examples of

Previous

Which of the following method is based on the assumption that, latest consignment of materials or goods manufactured are exhausted first and the closing stock is valued at the cost of earliest lot in hand?

Wood used in production of tables and chairs, steel bars used in steel factory etc are the examples of

Next

Jharkhand’s Jamtara became country’s 1st district with library in every village

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.