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Q. Cost of leather used in shoe making is the example of direct………….

Q. Purchase Budget has an impact on

Q. The average stock level is………….. units if the maximum stock level is 2475 units and the minimum stock level is 855 units.

Q. The cost that remains unchanged in spite of change in volume of production is known as………….

Q. The term……………..is defined as a system that ensures the provision of the required quantity of material of the required quality at the required time with the minimum amount of capital.

Q. Direct …………….are those which can be identified in the product and can be measured.

Q. Cost accounting has been developed because of………………financial accounting.

Q. Which of the following is not a function of purchasing management?

Q. When material prices fluctuate widely the method of pricing that gives a best result in

Q. The Economic Order Quantity (EOQ) is calculated as