Inventory Costing Methods Notes Questions with Answers PDF Download – Test 191

MCQ 951: In accounting terms, the term capacity refers to:

1. upper limit
2. lower limit
3. zero limit
4. minimal cost

MCQ 952: The direct cost assignment for specific cost object is classified as:

1. cost object line cost
2. cost tracing
3. cost object indirect cost
4. cost object staff cost

MCQ 953: Buying of goods or materials for production in a way that they are delivered directly on the manufacturing facility of company is called:

1. economic order quantity purchasing
2. annual purchasing
3. just in time purchasing
4. both a and b

MCQ 954: The purchase order lead time is multiplied to the number of units sold per unit of time, to calculate:

1. carrying costs
2. relevant total costs
3. economic order quantity
4. reorder point

MCQ 955: The continuous pressure of reducing the cost of products to be sold, is classified as:

1. supply efficiency
2. material affectivity
3. processing effective
4. cost and efficiency