The level above which stock should not normally be allowed to rise.

Related MCQs

• …………………represents that quantity of material which is normally ordered when a particular material reaches reordering level.
• A company is preparing a production budget for the next year. The following information is relevant : Budgeted sales 10,000 units Opening stock 600 units Closing stock 5% of budgeted sales The production process is such that 10% of the units produced are rejected. What is the number of units required to be produced to meet demand?
• 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?
• Which materials do not normally form a past of finished goods: -
• 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
• Which of the following is normally the most appropriate sequence of events in the preparation of the indicated budgets?
• Fixed cost per unit …………………… with rise in output and …………… with fall in output.
• ………………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.
• Entry under Integrated System for : Credit purchase of materials for stock
• Entry under Integrated System for : Cash purchase of materials for stock