MBA Cost Accounting MCQs - Chapter 21

Inventory Management, Just in Time and Costing Methods MCQ (Multiple Choice Questions) PDF - 6

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The MCQ: Reorder point is divided by number of sold units for per unit of time to calculate; "Inventory Management, Just in Time and Costing Methods" App Download Android & iOS (Free) with answers relevant ordering cost, relevant carrying cost, purchase order lease time and number of purchase orders for bachelors in accounting online. Practice inventory management system quiz questions, download Apple Book (Free Sample) for online classes for business management degree.

Inventory Management, Just in Time & Costing Methods Questions & Answers PDF Download: MCQ Quiz 6

MCQ 26: The reorder point is divided by number of sold units for per unit of time to calculate

A) relevant carrying cost

B) relevant ordering cost

C) purchase order lease time

D) number of purchase orders

MCQ 27: Buying of goods or materials for production in a way that they are delivered directly on the manufacturing facility of company is called

A) economic order quantity purchasing

B) annual purchasing

C) just in time purchasing

D) both a and b

MCQ 28: The purchase order lead time is multiplied to the number of units sold per unit of time, to calculate

A) carrying costs

B) relevant total costs

C) economic order quantity

D) reorder point

MCQ 29: The costs of issuing purchase orders, making of delivery records for tracking payments and costs of inspection of items are classified as

A) stock-out costs

B) ordering costs

C) carrying costs

D) purchasing costs

MCQ 30: The relevant ordering costs are added into relevant carrying costs to calculate

A) relevant total costs

B) contribution costs

C) throughput costs

D) optimized costs

MBA Cost Accounting Mock Tests

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Flexible Budget: Overhead Cost Variance MCQs

Overhead Cost Variances and Management Control MCQs

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