………………………..is an element of material control

Related MCQs

• Under……………… method of pricing issues, issues are valued at a price calculated by dividing the total cost of material in the stock by the total quantity of material in stock.
• Effective purchase control prevents wastage and losses of material right from the purchase from their ……………….
• The term…………………. is comprehensively used to include various aspects such as costing, cost accounting, cost control, cost audit and budgetary control.
• ………………cost is predetermined cost for each element of cost.
• ……….. is the first and most important element of cost.
• ………………..is an important element in purchase procedure.
• Which is not an element of procurement management?
• …………………helps the management to eliminate inefficiencies caused by material wastage, use of obsolete machinery, improper planning etc.
• The cost of direct material is termed as…………..
• The total of direct material, direct labour and direct expenses is known as………..