……….represents that quantity of material which is normally ordered when a particular material reaches reordering level.

Related MCQs

• The quantity of material to be ordered at one time is known as…………
• 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?
• Operation budgets normally cover a period of .
• The budget which shows the budgeted quantity of output to be produced during a specific period is.
• Economic Batch Quantity is an important point to be determined in industries where...................... costing is employed.
• Economic Batch Quantity depends on...........................and…………..costs.
• The .....................costing is applied when a quantity of similar and identical products are manufactured together as one Job.
• ………is one which can be conveniently identified with and charged to a particular unit of cost.
• ……………………are costs which have been applied against revenue of particular accounting period.
• Machine hour rate is obtained by dividing the total running expenses of a machine during a particular period by the…………