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Q. …………………is the total of prime cost and factory overheads.

Q. In the formula of Economic Order Quantity, the alphabet ‘O’ stands for………….

Q. The term …………….may be defined as the systematic control over the procurement of materials.

Q. __________ is a register of suppliers invited to submit bids for goods / services as specified.

Q. Which of the following is true for Inventory control?

Q. The aggregate amount of all the items of expenses paid or payable for the particular product or service is called as

Q. Direct Labour Cost is also known as…………

Q. The following classes of costs are usually involved in inventory decisions except

Q. ……………………..expenses are also called as chargeable expenses.

Q. Purchase…………..is to be prepared to know what to buy, what should be the quantity, quality and price.