The term………..refers to all commodities that are consumed in the process of production, assembly and fabricated parts

Related MCQs

• ……………..cost is the cost of commodities supplied to an undertaking.
• ………….is applied where production is carried out as per specific order and customer specifications.
• Cost of production is also called ………………..if there is no selling and distribution expense
• The Bid Evaluation process is characterized by all of the following activities except?
• The overhead cost incurred from the stage of procurement of raw material till the stage of production of finished goods is known as…… .
• The cost that remains unchanged in spite of change in volume of production is known as………….
• ………………is a statement showing cost of production of a particular product.
• Purchase manager must know the exact …………………….of materials which are used in the production.
• Maintaining prompt and accurate records of all goods received, issued and returned is the duty of ……………..
• The term………… is the one which is identifiable as belonging exclusively to a particular process, product, and unit.