Average cost method of valuing material issues is suitable when………….

Related MCQs

• First in first out method of valuing material issues is suitable in times of…………
• Inflated price method of valuing material issues is suitable when…………
• Specific price method of valuing material issue is used when………….
• In which method of material issues, production is charged at the recent prices?
• The use of FIFO method in material issue control is more suitable when
• The use of LIFO method in material issue control is more suitable when
• Inventory turnover ratio = Cost of …………………..during the period ÷ Cost of average inventory held during the period.
• A company estimates its direct material requirements for the month of November 2014 to be Rs. 2,40,000 and the direct labour to be Rs. 1,500,00. It is the policy of the company to absorb overheads as under : Factory overheads 60% of direct wages Administrative overheads 20% of work cost Selling and distribution overheads 25% of work cost it is estimated that the selling and distribution overheads will increase by 15% in November the budgeted sales for the month of November 2014 is
• ………….is a technique of material cost control which leads to low carrying cost as a result of low investment in inventory
• ………………….budget may be classified into material cost budget, labour cost budget and overhead budget.