The annual demand of a certain component bought from the market is 1,000 units. The cost of placing an order is ₹ 60 and the carrying cost per unit is ₹ 3 p.a. The Economic Order Quantity for the item is ?
The average annual consumption of material is 20,000 kg at a price of ₹ 2 per kg. The storage cost is 16% on average inventory and the cost of placing one order is ₹ 50. How much is to be purchased at a time?
In case of rising prices (inflation), LIFO method will
In case of rising prices (inflation), LIFO method will Read More »
Which one out of the following is not an inventory valuation method?
Which one out of the following is not an inventory valuation method? Read More »
In case of rising prices (inflation), FIFO method will
In case of rising prices (inflation), FIFO method will Read More »
ABC analysis is an inventory control technique in which
ABC analysis is an inventory control technique in which Read More »
UPSC Daily Static Quiz 29 April 2022 composed by the Gkseries team is very helpful to UPSC aspirants. UPSC Daily Important Topic | 29 April 2022 UPSC Daily Current Affairs Quiz | 29 April 2022
Economic order quantity is that quantity at which cost of holding and carrying inventory is
