‘Buffer stock’ is the level of stock

Related MCQs

• …………………….is a buffer stock level or safety stock level under which the stock should not be allowed to fall.
• The average stock level is………….. units if the maximum stock level is 2475 units and the minimum stock level is 855 units.
• 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.
• If WIP opening stock is 10,000 units, work done in the period is 13,000 and WIP closing stock is 5,000 units. The equivalent completed unit during the period is:
• The stock level at which the storekeeper initiates purchase requisitions is known as………….
• The minimum stock level is calculated as
• Average stock level can be calculated as
• The…………….must maintain a proper classified record of all purchases, uses and stock of materials.
• The time period between placing an order its receipt in stock is known as
• Under the…………. method of pricing issues, stock is valued at historical price.