A bill of material serves the purpose of…………………

Related MCQs

• A bill of material is prepared in case of a …………………job
• Cost Accounting serves the information needs of
• 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 +…………..
• A Bill of Materials is ________
• Which of the following are purpose of a budget? i) Establishing strategic options ii)Motivating management iii) Establishing long term objectives iv) Planning operations
• The type of standard best suitable for cost control purpose is
• Hypothetical costs which are specially computed outside the accounting system for the purpose of decision making are called
• It is a device for the purpose of breaking up cost into smaller sub-divisions:-