Re-ordering level = ........................................X Maximum re-order period

Related MCQs

• ……….represents that quantity of material which is normally ordered when a particular material reaches reordering level.
• Inventory turnover ratio = Cost of …………………..during the period ÷ Cost of average inventory held during the period.
• .......................Under marginal costing, …………… costs are treated as period costs and charged to profit and loss account for the period for which they are incured.
• Re-ordering level = Maximum consumption x …………………………
• Under Merrick’s multiple piece rate system, 110% of the ordinary piece rate is given to workers whose level of performance is between……. of the standard output.
• Under Merrick’s multiple piece rate system, 120% of the ordinary piece rate is given to workers whose level of performance is between…........................of the standard output.
• Under Merrick’s multiple piece rate system, ordinary piece rate is given to workers whose level of performance is between…........................of the standard output.
• Budget designed to remain constant irrespective of the level of activity attained is called .
• Period costs charged to……………….
• ……………………are costs which have been applied against revenue of particular accounting period.