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.

Related MCQs

• Under the…………. method of pricing issues, stock is valued at historical price.
• Under…………… method of pricing material issue the value of closing stock represents the current market price.
• Simple average method is based on the principle that materials issues should be valued at ………… average price.
• …………………… method of pricing issues follows the principle that material received first are issued first.
• ……………………method of pricing material issues provides a better matching of current costs with current revenues.
• Classification of cost into factory cost, administrative cost, selling & distribution cost and research and development cost is done on the basis of…………...
• …………………….is a buffer stock level or safety stock level under which the stock should not be allowed to fall.
• When material prices fluctuate widely the method of pricing that gives a best result in
• The Economic Order Quantity (EOQ) is calculated as
• The order cost per order of an inventory is Rs. 400 with an annual carrying cost of Rs. 10 per unit. The Economic Order Quantity (EOQ) for an annual demand of 2000 units is