Multiple Choice
Inventory turnover in days = Days during the period ÷………………..
A) inventory turnover ratio
B) material consumed during the period
C) cost of average stock during the period
D) none of these
Correct Answer:
Verified
Correct Answer:
Verified
Q2: The principle types of inventories are raw
Q3: ………………forms part of cost of production.<br>A)abnormal waste<br>B)normal
Q4: Marginal costing is a …………… of costing<br>A)system<br>B)method<br>C)technique<br>D)all
Q5: ……….represents that quantity of material which is
Q6: A bill of material is prepared in
Q7: Re-ordering level = ........................................X Maximum re-order period<br>A)average
Q8: Inventory turnover ratio = Cost of …………………..during
Q9: Material losses due to abnormal reasons should
Q10: The quantity of material to be ordered