Material control aims at achieving effective…………

Related MCQs

• PP Ltd is preparing the production and material purchase budgets for one of their products, The SUPERX for the forthcoming year. The following information is available: Sales demand (units) 30000 Material usage per unit 7 kgs Estimated opening inventory 3500 units Required closing inventory 35% higher than opening inventory How many units of the SUPERX will need to be produced?
• …………………represents that quantity of material which is normally ordered when a particular material reaches reordering level.
• Material Usage Variance=Material Mix Variance +…………..
• In Entry under Integrated System for Credit purchase of material for stock, Stores Ledger Control is ____________.
• Material control does not cover the following stage.
• ………….is a technique of material cost control which leads to low carrying cost as a result of low investment in inventory
• The use of FIFO method in material issue control is more suitable when
• The use of LIFO method in material issue control is more suitable when
• To control costs it is essential to keep control on: -
• A company estimates its direct material requirements for the month of November 2014 to be Rs. 2,40,000 and the direct labour to be Rs. 1,500,00. It is the policy of the company to absorb overheads as under : Factory overheads 60% of direct wages Administrative overheads 20% of work cost Selling and distribution overheads 25% of work cost it is estimated that the selling and distribution overheads will increase by 15% in November the budgeted sales for the month of November 2014 is