Multiple Choice
Inventory turnover ratio = Cost of …………………..during the period ÷ Cost of average inventory held during the period.
A) inventory consumed
B) minimum inventory
C) maximum inventory
D) none of these
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Inventory turnover in days = Days during
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
Q9: Material losses due to abnormal reasons should
Q10: The quantity of material to be ordered