CA Inter Material Cost — practice questions
25 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice CA Inter Material Cost in the app →Materials that can be directly attributed to the end product in an economically feasible way are classified asWhich of the following is NOT an objective of a material control system?Economic Order Quantity (EOQ) minimises the total of which two costs?The stock level beyond which the actual stock should not normally fall is called:In ABC analysis of inventory, category 'A' typically refers to items that are:Annual demand is 8,000 units, ordering cost is ₹50 per order, and carrying cost is ₹4 per unit per year. EOQ eRe-order level given maximum consumption 200 units/day and maximum lead time 12 days is:Under FIFO, if opening stock is 200 units at ₹10 and 300 units are purchased at ₹12, the cost of issuing 250 uBin card differs from stores ledger because the bin card:Normal loss in material handling is treated by:Two-bin system primarily helps in:Goods Received Note (GRN) is prepared by which department?Annual demand 12,000 units; EOQ 600 units. Number of orders per year is:Annual demand 10,000 units; ordering cost ₹100; carrying cost is 10 percent of unit cost ₹50. EOQ equals:Min consumption 100/day, max consumption 200/day, min lead time 5 days, max lead time 10 days. Re-order level EOQ 400 units, annual demand 8,000, ordering cost ₹50, carrying cost ₹5 per unit per year. Total inventory cosUnder LIFO, opening stock 100 units at ₹20, purchase 200 at ₹25, issue 250 units. Value of issue is:Weighted average price after receipts of 100 units at ₹10 and 200 units at ₹13 is:Carrying cost ₹6/unit, ordering cost ₹120/order, annual demand 18,000 units. EOQ equals:VED analysis classifies stores items based on:Stores ledger records material movements in:Abnormal loss in material processing is:EOQ when discount is offered changes when:Maximum stock level formula is:Annual usage 5,000 units; ordering cost ₹40; carrying cost 20 percent of price ₹20. Optimal order size is: