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

Q. If the total cost of a product is Rs.25, 000/- and the sales figure is 47,000/-, then the product is in…………by Rs.22, 000/-.

Q. In automobile industry cost unit is…………

Q. ……………………is the head of the purchase department.

Q. The term………..refers to all commodities that are consumed in the process of production, assembly and fabricated parts

Q. __________ is based on information gathered and analyzed about demand and supply. this forecast provides a prediction of short and long term prices and the underlying reasons for those trends.

Q. ……………….is concerned with ascertainment of cost.

Q. US GAAP allows FIFO, LIFO and Weighted average method to value stock?

Q. The expenses which can be directly charged to jobs, products, processes, cost centers or cost units is termed as

Q. The time period between placing an order its receipt in stock is known as