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Retail Organizations: Inventory Management Quiz Questions and Answers 9 PDF Download

Practice retail organizations inventory management quiz, cost accounting quiz 9 for online learning. Free accounting MCQs questions and answers to practice retail organizations: inventory management MCQs with answers. Practice MCQs to test knowledge on retail organizations: inventory management, inventory types, inventoriable cost and period cost, variations from normal costing, building block concepts of costing systems worksheets.

Free retail organizations: inventory management worksheet has multiple choice quiz question as if 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 economic order quantity will be, answer key with choices as 678 packages, 648 packages, 658 packages and 668 packages problem solving to test study skills. For online learning, viva help and jobs' interview preparation tips, study inventory management, just in time & costing methods multiple choice questions based quiz question and answers. Retail Organizations: Inventory Management Video

Quiz on Retail Organizations: Inventory Management Quiz PDF Download Worksheet 9

Retail Organizations: Inventory Management Quiz

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

Inventory Types, Inventoriable Cost and Period Cost Quiz

MCQ. The labor related to the manufacturing of the product can be classified under

  1. direct manufacturing labor costs
  2. indirect manufacturing labor costs
  3. work in process cost
  4. finished costs

A

Variations from Normal Costing Quiz

MCQ. The budgeted total direct labor cost is divided with budgeted total direct labor to calculate

  1. budgeted indirect labor cost rate
  2. expected direct labor cost rate
  3. budgeted direct labor cost rate
  4. expected indirect labor cost rate

C

Variations from Normal Costing Quiz

MCQ. The budgeted direct labor hours are multiplied to direct labor cost rate to calculate

  1. expected total direct labor cost
  2. budgeted total direct labor cost
  3. budgeted total indirect labor cost
  4. expected labor hours

B

Building Block Concepts of Costing Systems Quiz

MCQ. The term which describes the assigning of indirect cost to any cost abject is classified as

  1. cost allocation
  2. sales tracing
  3. sales allocation
  4. cost tracing

A