_______ technique is a selective control of materials

Related MCQs

• 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.
• . This is a level at which normal issues of materials are stopped and urgent action is taken for procurement of materials
• Method of pricing materials issued which is based upon the assumption that materials which are purchased first are issued first.
• 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
• ………………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.
• To control costs it is essential to keep control on: -
• A company has the following budget for the six month: Finished product Materials Sales - 7,000 units Usage per unit - 3 kg Production units - 7200 units Opening stock - 400 kg Closing stock - 500 kg What is the material purchase budget for the month?
• ABC Ltd. has furnished the following information for 4,000 units of product for the year 2014-2015 : Particulars Rs. Direct materials 2,50,000 Direct labour 2,00,000 Manufacturing overheads 2,80,000 (40 % fixed) Selling and administrative overheads 2,70,000 (30 % fixed) The total cost of 4,380 unit is