Accounting Medium An example of shrinkage costs is _____________? A incoming freight ✓ B storage costs ✓ C insurance ✓ D clerical errors ✓ AK Ali Khan 4 months ago
Accounting Medium A push through system, according to which goods are manufactured for finished inventory solely, on the basis of forecasted demand can be classified as ___________? A in-time production ✓ B materials requirement planning ✓ C on-time production ✓ D pull strategy of production ✓ AK Ali Khan 4 months ago
Accounting Medium If the economic order quantity for one year is 15000 packages and demand in units for one year are 1500 units, then number of deliveries in a year will be ____________? A 16 ✓ B 12 ✓ C 10 ✓ D 14 ✓ AK Ali Khan 4 months ago
Accounting Medium The decision model to calculate optimal quantity of inventory to be ordered is called ____________? A efficient order quantity ✓ B economic order quantity ✓ C rational order quantity ✓ D optimized order quantity ✓ AK Ali Khan 4 months ago
Accounting Medium If the required rate of return is 12% and the per unit cost of units purchased is $35, then the relevant opportunity cost of capital will be ____________? A $6.20 ✓ B $7.20 ✓ C $4.20 ✓ D $5.20 ✓ AK Ali Khan 4 months ago
Accounting Medium Buying of goods or materials for production in a way that they are delivered directly on the manufacturing facility of company is called ____________? A economic order quantity purchasing ✓ B annual purchasing ✓ C just in time purchasing ✓ D both a and b ✓ AK Ali Khan 4 months ago
Accounting Medium The costs of issuing purchase orders, making of delivery records for tracking payments and costs of inspection of items are classified as _____________? A stock-out costs ✓ B ordering costs ✓ C carrying costs ✓ D purchasing costs ✓ AK Ali Khan 4 months ago
Accounting Medium If the purchase order lead time is 35 minutes and number of units sold per time is 400 units, then reorder point will be ____________? A 14000 units ✓ B 14500 units ✓ C 15000 units ✓ D 15500 units ✓ AK Ali Khan 4 months ago
Accounting Medium The method of costing that supports creation of value for customer by accounting whole value stream, rather than individual departments or products is classified as __________? A economic accounting ✓ B back-flush accounting ✓ C lean accounting ✓ D lead accounting ✓ AK Ali Khan 4 months ago
Accounting Medium The number of purchase orders for each year is multiplied to relevant ordering cost for each purchase order to calculate _____________? A annual irrelevant ordering costs ✓ B annual relevant carrying costs ✓ C annual relevant ordering costs ✓ D annual irrelevant carrying costs ✓ AK Ali Khan 4 months ago