Economic order quantity is:

Related MCQs

• Economic order quantity is a tool for controlling ___________
• Economic Batch Quantity is an important point to be determined in industries where …………… costing is employed.
• Economic Batch Quantity depends on ……………….and ……………..costs.
• If maximum consumption is 300 units per day; minimum consumption is 200 units per day; and re-order period is 8 to 10 days, then what will be the re-order level?
• When preparing a production budget, the quantity to be produced equals:
• The quantity of material to be ordered at one time is known as…………
• …………………represents that quantity of material which is normally ordered when a particular material reaches reordering level.
• The ……………costing is applied when a quantity of similar and identical products are manufactured together as one Job.
• Re-ordering level = ……………………. X Maximum re-order period
• 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……………….