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Retail Organizations: Inventory Management Trivia Questions and Answers PDF p. 9

Learn Retail Organizations Inventory Management trivia questions and answers, retail organizations inventory management worksheets with answers PDF 9 to practice Cost Accounting exam questions for online classes. Practice Inventory Management, Just in Time and Costing Methods MCQ questions, retail organizations inventory management Multiple Choice Questions (MCQ) for online college degrees. Retail Organizations: Inventory Management Quizzes PDF: variations from normal costing, inventory types, inventoriable cost and period cost, retail organizations: inventory management test prep for general business degree online.

"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", retail organizations inventory management Multiple Choice Questions (MCQ) with choices 648 packages, 678 packages, 658 packages, and 668 packages for online bachelor's degree in business. Learn inventory management, just in time and costing methods questions and answers to improve problem solving skills for online courses for business management degree.

Trivia Quiz on Retail Organizations: Inventory Management MCQs

1.

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

678 packages
648 packages
658 packages
668 packages

2.

The labor related to the manufacturing of the product can be classified under

direct manufacturing labor costs
indirect manufacturing labor costs
work in process cost
finished costs

3.

The budgeted total direct labor cost is divided with budgeted total direct labor, to calculate

budgeted indirect labor cost rate
expected direct labor cost rate
budgeted direct labor cost rate
expected indirect labor cost rate

4.

The budgeted direct labor hours are multiplied to direct labor cost rate, to calculate

expected total direct labor cost
budgeted total direct labor cost
budgeted total indirect labor cost
expected labor hours

5.

The term which describes the assigning of indirect cost, to any cost object is classified as

cost allocation
sales tracing
sales allocation
cost tracing

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