The ……………..method of codification is generally based on the mnemonic system.

Related MCQs

• Proper classification and codification of various items in stores is essential for efficient…………….. .
• Weighted average method is a generally accepted accounting principle?
• Simple average method is based on the principle that materials issues should be valued at ………… average price.
• Weighted average cost method produces different allocation of inventory costs in periodic and perpetual inventory system?
• In a perpetual inventory system, the weighted average cost method is called:
• Cost accounting is based on……………..figures.
• __________ is based on information gathered and analyzed about demand and supply. this forecast provides a prediction of short and long term prices and the underlying reasons for those trends.
• When job is very big and spread over long periods of time the method of costing adopted is……
• When material prices fluctuate widely the method of pricing that gives a best result in
• …………………… method of pricing issues follows the principle that material received first are issued first.