Re-ordering level = Maximum consumption x …………………………

Related MCQs

• …………………represents that quantity of material which is normally ordered when a particular material reaches reordering level.
• If maximum consumption is 300 units per day; minimum consumption is 200 units per day; and re-order period is 8 to 10 days, then what will be the re-order level?
• 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
• Re-ordering level = ……………………. X Maximum re-order period
• Which of the following costs will vary directly with the level of production
• When a flexible budget is used a decrease in the actual production level within a relevant range would
• If the activity level is reduced from 80 % to 70%, the fixed cost
• Under Merrick’s multiple piece rate system, 110% of the ordinary piece rate is given to workers whose level of performance is between……. of the standard output.
• Under Merrick’s multiple piece rate system, 120% of the ordinary piece rate is given to workers whose level of performance is between……………….of the standard output.
• Under Merrick’s multiple piece rate system, ordinary piece rate is given to workers whose level of performance is between……………….of the standard output.