Specific price method of valuing material issue is used when………….

Related MCQs

• Inflated price method of valuing material issues is suitable when…………
• First in first out method of valuing material issues is suitable in times of…………
• Average cost method of valuing material issues is suitable 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?
• Market price method is considered to be the best method when…………..
• Where raw material is to pass certain stages, before it is converted into finished goods, the method of costing used is…………………
• ……….represents that quantity of material which is normally ordered when a particular material reaches reordering level.
• Average method of pricing the material issues is useful when .
• Indirect material used in production is classified as.
• The budget which shows the budgeted quantity of output to be produced during a specific period is.