A company requires 1,500 units, of an item per month. The cost of each unit is Rs. 30. The cost of placing an order is Rs. 200 and the material carrying charges work out to be 20% of the average material. The economic order quantity (EOQ) is
Under which of the following inventory control technique, the maximum and minimum level of each stock is laid down
Bill of material acts as an authorization to the store’s department in procuring the material and all the materials listed on the bill is sent to the
A store ledger is a record of receipts, issues, and closing balances of material by entering
Which of the following method is based on the assumption that the costliest materials are issued first and inventory is valued at the lowest possible price?
Under which of the following inventory control techniques, two piles or bundles are maintained for each item of stock
In an inflationary situation, which system of inventory valuation shows higher profits
In an inflationary situation, which system of inventory valuation shows higher profits Read More »
If the minimum stock level and average stock level of raw material ‘A’ are 4,000 & 9,000 emits respectively, what is its reorder quantity
A company manufactures 5,000 units of a product per month. The cost of placing an order is ₹ 100. The purchase price of the raw material is ₹ 10 per kg. The average consumption of raw material is 275 kg per week. The carrying cost of inventory is 20% per annum. The economic order quantity is___
The method of regular physical verification of material throughout the year is known as
The method of regular physical verification of material throughout the year is known as Read More »
