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Q. The…………….must maintain a proper classified record of all purchases, uses and stock of materials.

Q. The total of works cost and administrative overheads is known as …

Q. Operating costing is applicable to

Q. __________ defines when the work is ready for or is being used for the purpose intended and is so certified.

Q. Economic Order Quantity is he tool for controlling……………….

Q. “Hedging” technique is used

Q. ‘Buffer stock’ is the level of stock

Q. …………………….is a buffer stock level or safety stock level under which the stock should not be allowed to fall.

Q. All workers who are directly engaged in manufacturing activity are known as ……………labour.

Q. The aggregate of indirect material, indirect labour and indirect expenses in termed as…………….