Inventory turnover ratio = Cost of inventory consumed during the period ÷ Cost of ……………………held during the period

Related MCQs

• Inventory turnover ratio = Cost of …………………..during the period ÷ Cost of average inventory held during the period.
• Inventory turnover in days = Days during the period ÷………………..
• 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?
• ………….is a technique of material cost control which leads to low carrying cost as a result of low investment in inventory
• Annual usage, ₹ 1,20,000.00, cost of placing ₹ 60.00 & annual carrying cost is 10% of the inventory value. The EOQ will be:-
• Value of material consumed is:
• …………………budget is designed to remain unchanged irrespective of the volume of output or turnover attained.
• This is one of the avoidable causes of labour turnover.
• Labour turnover represents
• When there are frequent changes in the labour force, labour turnover is said to be