………is a technique of material cost control which leads to low carrying cost as a result of low investment in inventory

Related MCQs

• Inventory turnover ratio = Cost of inventory consumed during theperiod ÷ Cost of ....................................................held during the period
• Inventory turnover ratio = Cost of …………………..during the period ÷ Cost of average inventory held during the period.
• 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?
• ………………is a technique of stock control which leads to saving of time of the management because attention is required to be paid only to some of the items rather than on all the items.
• Which ratio is calculated to ascertain the efficiency of inventory management in terms of capital investment?
• The ratio which measures the relationship between the cost of goods sold and the amount of average inventory is
• …….budget may be classified into material cost budget, labour cost budget and overhead budget.
• ……….represents that quantity of material which is normally ordered when a particular material reaches reordering level.
• Material control does not cover the following stage.
• Material control aims at achieving effective…………