Q. 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

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

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

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Q. The required rate of return, is multiplied per unit cost of purchased units to calculate

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Q. An ability of an accounting system, to point out the use of resources in every step of production process is called

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Q. The systematic flow of services, goods or information from the buying material for product delivery to the customers is known as

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Q. The costs associated with storage of finished goods such as spoilage, obsolescence and insurance of goods are classified as

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Q. The costs of goods acquired from suppliers are classified as

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Q. If the demand in units are 18000, relevant ordering cost for each year is $150 and an order quantity is 1500, then annual relevant ordering cost would be

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Q. If the relevant opportunity cost of capital is $2950 and the relevant carrying cost of inventory is $6700, then the relevant incremental cost will be

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Q. The profit forgone by capital investment in inventory rather than investment of capital to somewhere else is classified as

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Q. An example of shrinkage costs is

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Q. If the relevant incremental costs are $5000 and the relevant opportunity cost of invested capital is $2500, then the relevant inventory carrying costs would be

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Q. An average inventory in units is multiplied with annual relevant carrying cost of each unit to calculate

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Q. A push through system, according to which goods are manufactured for finished inventory solely, on the basis of forecasted demand can be classified as

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Q. The relevant incremental costs are added into the relevant opportunity cost of capital to calculate

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Q. If the economic order quantity for one year is 15000 packages and demand in units for one year are 1500 units, then number of deliveries in a year will be

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Q. The number of purchase orders for each year is multiplied to relevant ordering cost for each purchase order to calculate

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Q. The costing system, which omits some of the journal entries in accounting system is known as

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Q. The decision model to calculate optimal quantity of inventory to be ordered is called

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