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Inventory Management, Just in Time and Costing Methods MCQ Questions and Answers PDF Download

Inventory Management, Just in Time and Costing Methods Multiple Choice Questions and Answers (MCQs), inventory management, just in time and costing methods MCQs with answers PDF to practice cost accounting test 1 for online college programs. Learn retail organizations: inventory management MCQs, "Inventory Management, Just in Time and Costing Methods" quiz questions and answers for admission and merit scholarships test. Learn retail organizations: inventory management, cost accounts career test for online schools for business administration.

"Which of the following is an example of purchasing costs?" Multiple Choice Questions (MCQ) on inventory management, just in time and costing methods with choices storage costs, incoming freight, insurance, and spoilage for online schools for business management. Practice jobs' assessment test, online learning retail organizations: inventory management quiz questions for online bachelor degree programs in business administration. Retail Organizations: Inventory Management Video

MCQs on Inventory Management, Just in Time & Costing Methods Quiz PDF Download

MCQ: Which of the following is an example of purchasing costs?

  1. incoming freight
  2. storage costs
  3. insurance
  4. spoilage

C

MCQ: If an average inventory is 2000 units, annual relevant carrying cost of each unit is $5, then the annual relevant carrying cost will be

  1. $5,000
  2. $4,500
  3. $5,500
  4. $6,000

A

MCQ: If the demand of one year is 25000 units, relevant ordering cost for each purchase order is $210, carrying cost of one unit of stock is $25 then the economic order quantity will be

  1. 678 packages
  2. 648 packages
  3. 658 packages
  4. 668 packages

B

MCQ: The cost of product failure, error prevention and appraisals can be classified under

  1. stocking costs
  2. stock-out costs
  3. costs of quality
  4. shrinkage costs

C

MCQ: The activities related to coordinating, controlling and planning flow of inventory are classified as

  1. decisional management
  2. throughput management
  3. inventory management
  4. manufacturing management

C

Cost Accounting MCQs: Multiple Choice Questions and Answers (Quiz & Tests with Answer Keys)