The quantity of material to be ordered at one time is known as…………

Related MCQs

• …………………represents that quantity of material which is normally ordered when a particular material reaches reordering level.
• 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?
• For a work order, standard time and time taken are 20 hours and 15 hours respectively. Time rate being Rs. 2 per hour, total wages payable under Rowan Premium Plan will be……………….
• Material Usage Variance=Material Mix Variance +…………..
• The ……………costing is applied when a quantity of similar and identical products are manufactured together as one Job.
• Material abstract is also known as ………………
• A container in which material is kept is known as
• Which document is prepared to transfer material from one job to the other job?
• When preparing a production budget, the quantity to be produced equals:
• Economic Batch Quantity is an important point to be determined in industries where …………… costing is employed.