………………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.

Related MCQs

• ………is a technique of material cost control which leads to low carrying cost as a result of low investment in inventory
• Stock control through stock levels and EOQ is called .
• Opening stock + purchases + direct expenses – closing stock =
• Expected sales + desired closing stock – estimated opening stock = .
• 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?
• Which among the following is not a management accounting technique.
• In time wage system, wages are paid according to the……………….
• For a work order, standard time and time taken are 20 hours and 15 hours respectively. Time rate being Rs. 2 per hour, total wages payable under Rowan Premium Plan will be……………….
• ……………….obviates the necessity for the physical checking of all items of stores at the end of the year and thereby avoids dislocation ofproduction.
• The budget prepared to estimate the expenditure to be incurred for planning, organizing, direction and control function of the management is .