……….represents that quantity of material which is normally ordered when a particular material reaches reordering level.
A) maximum level
B) re-order level
C) minimum level
D) re-order quantity
Correct Answer:
Verified
Q1: A bill of material is prepared in
Q2: The quantity of material to be ordered
Q4: The principle types of inventories are raw
Q5: Inventory turnover in days = Days during
Q6: Inventory turnover ratio = Cost of …………………..during
Q7: Re-ordering level = ........................................X Maximum re-order period
A)average
Q8: ………………forms part of cost of production.
A)abnormal waste
B)normal
Q9: Material losses due to abnormal reasons should
Q10: Marginal costing is a …………… of costing
A)system
B)method
C)technique
D)all
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