. This is a level at which normal issues of materials are stopped and urgent action is taken for procurement of materials

Related MCQs

• 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
• Entry under Integrated system for : Issues of Direct Materials for production
• 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
• 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.
• Method of pricing materials issued which is based upon the assumption that materials which are purchased first are issued first.
• In which method of material issues, production is charged at the recent prices?
• First in first out method of valuing material issues is suitable in times of…………
• Average cost method of valuing material issues is suitable when………….
• Inflated price method of valuing material issues is suitable when…………
• For a work order, standard time and time taken are 20 hours and 15 hours respectively. Time rate being Rs. 2 per hour, total wages payable under Rowan Premium Plan will be……………….