A container in which material is kept is known as

Related MCQs

• …………………represents that quantity of material which is normally ordered when a particular material reaches reordering level.
• PP Ltd is preparing the production and material purchase budgets for one of their products, The SUPERX for the forthcoming year. The following information is available: Sales demand (units) 30000 Material usage per unit 7 kgs Estimated opening inventory 3500 units Required closing inventory 35% higher than opening inventory How many units of the SUPERX will need to be produced?
• Material Usage Variance=Material Mix Variance +…………..
• ____________ Accounts is the name given to a system whereby cost and financial accounts are kept in the same set of books.
• Material abstract is also known as ………………
• The quantity of material to be ordered at one time is known as…………
• Material costs which cannot be allocated but which are to be apportioned or absorbed by cost centres or cost units.
• Under integrated system of Accounting , purchase of raw material is debited to which account?
• Under integrated system of Accounting , issue of raw material is debited to which account?
• ………….is a technique of material cost control which leads to low carrying cost as a result of low investment in inventory