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Q. Re-ordering level is calculated as

Q. The order cost per order of an inventory is Rs. 400 with an annual carrying cost of Rs. 10 per unit. The Economic Order Quantity (EOQ) for an annual demand of 2000 units is

Q. ………………..purchase procedure should be installed to ensure that the purchases are made at favourable prices.

Q. ………. is the cost incurred in the part has no effect on future decision making

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

Q. The cost of insurance and taxes are included in

Q. The cost of direct material is termed as…………..

Q. ……………… is concerned with accounting and recording of costs.

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

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