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

Learn inventory management, just in time and costing methods MCQs, mastering cost accounting test 1 for online learning, course exam prep. Practice retail organizations: inventory management MCQs, inventory management, just in time and costing methods multiple choice questions and answers on retail organizations inventory management, cost accounts test for online depreciation accounting courses distance learning.

Free online inventory management, just in time and costing methods quiz, self-study student guide has multiple choice question: which of following is an example of purchasing costs with options storage costs, incoming freight, insurance and spoilage for online competitive exams, certifications tests for financial aids, scholarships contests in universities. Study to learn online retail organizations: inventory management quiz questions with financial accounting MCQs for business analyst certifications and competitive exam preparation. Retail Organizations: Inventory Management Video

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

MCQ: Which of 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 annual relevant carrying cost will be

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

A

MCQ: 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

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

B

MCQ: 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: 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