In this technique of selective control, materials are analysed according to their value so that costly and more valuable materials are given greater attention and care

Related MCQs

• A technique of inventory control where materials are analyzed according to their values so that costly and more valuable materials are given greater attention and care.
• _______ technique is a selective control of materials
• ………………is a technique of stock control which leads to saving of time of the management because attention is required to be paid only to some of the items rather than on all the items.
• The ordinary trading account is a locked storehouse of most valuable information to which cost system is the……………….
• . This is a level at which normal issues of materials are stopped and urgent action is taken for procurement of materials
• If re-ordering level is 450 units while consumption of materials are 25-27 units and materials are received within 4-6 weeks, the minimum level will be
• ………….is a technique of material cost control which leads to low carrying cost as a result of low investment in inventory
• Method of pricing materials issued which is based upon the assumption that materials which are purchased first are issued first.
• To control costs it is essential to keep control on: -
• For conducting …………………..workers are studied at their jobs and all their movements and motions are noted.