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Inventory Management, Just in Time and Costing Methods Multiple Choice Questions 1 PDF Download

Practice inventory management, just in time and costing methods multiple choice questions (MCQs), cost accounting test 1 for online exams. Practice retail organizations: inventory management MCQs questions and answers on retail organizations inventory management, cost accounts with answers. Free inventory management, just in time and costing methods quiz, online study guide has helping answer key with choices as storage costs, incoming freight, insurance and spoilage of multiple choice questions as which of following is an example of purchasing costs to test learning skills for viva exam preparation and job's interview questions. Study to learn retail organizations: inventory management quiz questions with online learning MCQs for competitive exam preparation test. Retail Organizations: Inventory Management Video

MCQ on Inventory Management, Just in Time and Costing Methods Quiz PDF Download Test 1

MCQ. Which of the following is an example of purchasing costs?

  1. incoming freight
  2. storage costs
  3. insurance
  4. spoilage

C

MCQ. If an average inventory is 2000 units, annual relevant carrying cost of each unit is $5, then the annual relevant carrying cost will be

  1. $5,000
  2. $4,500
  3. $5,500
  4. $6,000

A

MCQ. If the demand of one year is 25000 units, relevant ordering cost for each purchase order is $210, carrying cost of one unit of stock is $25 then the economic order quantity will be

  1. 678 packages
  2. 648 packages
  3. 658 packages
  4. 668 packages

B

MCQ. The cost of product failure, error prevention and appraisals can be classified under

  1. stocking costs
  2. stock-out costs
  3. costs of quality
  4. shrinkage costs

C

MCQ. The activities related to coordinating, controlling and planning flow of inventory are classified as

  1. decisional management
  2. throughput management
  3. inventory management
  4. manufacturing management

C