Material control does not cover the following stage.

Related MCQs

• Material consumed is Rs. 5,00,000 Opening stock of raw material is Rs. 50,000 and Closing stock of raw material is Rs. 25,000. What is the cost of raw material purchased?
• ……….represents that quantity of material which is normally ordered when a particular material reaches reordering level.
• Material control aims at achieving effective…………
• ………is a technique of material cost control which leads to low carrying cost as a result of low investment in inventory
• Material control involves .
• Operation budgets normally cover a period of .
• When the completion stage of the contract is more than half, the profit to be credited to Profit and Loss account will be equal to…………..
• When the completion stage of a contract is less than ¼, the total expenditure on the contract is transferred to...............................account.
• Material abstract is also known as ………………
• Material should be issued by the store keeper against……………….