…………………represents that quantity of material which is normally ordered when a particular material reaches reordering level.

Related MCQs

• The quantity of material to be ordered at one time is known as…………
• The level above which stock should not normally be allowed to rise.
• If re-ordering level is 450 units while consumption of materials are 25-27 units and materials are received within 4-6 weeks, the minimum level will be
• Which of the following is normally the most appropriate sequence of events in the preparation of the indicated budgets?
• Which materials do not normally form a past of finished goods: -
• 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?
• Material Usage Variance=Material Mix Variance +…………..
• ………………………. is one which can be conveniently identified with and charged to a particular unit of cost.
• ……………………are costs which have been applied against revenue of particular accounting period.
• Labour turnover represents