One of the objective of …………….is to avoid under and overstocking of material.

Related MCQs

• Under……………… method of pricing issues, issues are valued at a price calculated by dividing the total cost of material in the stock by the total quantity of material in stock.
• Basic objective of the effective …………………..is to ensure continuity of supply of requisite quality of material.
• Under…………… method of pricing material issue the value of closing stock represents the current market price.
• The objective(s) of forward purchasing is / are
• The total of direct material, direct labour and direct expenses is known as………..
• Material, Labour and Expenses are the three important…………. of cost.
• The aggregate of indirect material, indirect labour and indirect expenses in termed as…………….
• Effective purchase control prevents wastage and losses of material right from the purchase from their ……………….
• …………………helps the management to eliminate inefficiencies caused by material wastage, use of obsolete machinery, improper planning etc.
• The cost of direct material is termed as…………..