Costing MCQs
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Question 343hard
Systematic flow of services, goods or information from buying material for product delivery to customers is known as
Question 344hard
Costs associated with storage of finished goods such as spoilage, obsolescence and insurance of goods are classified as
Question 345hard
Costs of goods acquired from suppliers is classified as
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Question 346hard
If demand in units is 18000, relevant ordering cost for each year is $150 and an order quantity is 1500, then annual relevant ordering cost would be
Question 347hard
If relevant opportunity cost of capital is $2950 and relevant carrying cost of inventory is $6700, then relevant incremental cost will be
Question 348hard
Profit forgone by capital investment in inventory rather than investment of capital to somewhere else is classified as
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Question 349hard
An example of shrinkage costs is
Question 350hard
If relevant incremental costs are $5000 and relevant opportunity cost of invested capital is $2500, then relevant inventory carrying costs would be
Question 351hard
An average inventory in units is multiplied with annual relevant carrying cost of each unit to calculate