Average cost method of valuing material issues is suitable when………….

Related MCQs

• First in first out method of valuing material issues is suitable in times of…………
• Inflated price method of valuing material issues is suitable when…………
• Specific price method of valuing material issue is used when………….
• 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?
• Average method of pricing the material issues is useful when .
• Inventory turnover ratio = Cost of …………………..during the period ÷ Cost of average inventory held during the period.
• ………is a technique of material cost control which leads to low carrying cost as a result of low investment in inventory
• …….budget may be classified into material cost budget, labour cost budget and overhead budget.
• Average unit cost for each process is calculated by dividing the ………………..by…………………
• The ratio which measures the relationship between the cost of goods sold and the amount of average inventory is