Retail Organizations: Inventory Management Quiz Questions and Answers PDF - 133

MCQ 661: The number of purchase orders for each year is multiplied to relevant ordering cost for each purchase order to calculate

1. annual irrelevant ordering costs
2. annual relevant carrying costs
3. annual relevant ordering costs
4. annual irrelevant carrying costs

MCQ 662: In manufacturing companies, the variable costing method is also classified as

1. direct costing
2. indirect costing
3. total costing
4. One factor costing

MCQ 663: The difference between an actual budget and the corresponding amount in static budget is classified as

1. correspondent budget
2. full budget variance
3. methodology variance
4. static budget variance

MCQ 664: If the budget sales units are 2000, an ending inventory is 3000 units and the beginning inventory is 1000, then the budget production would be

1. 6000 units
2. 4000 units
3. no units
4. 8000 units

MCQ 665: In an accounting system, the document which supports journal entries is classified as

1. cost document
2. priced document
3. source document
4. direct document