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_____ shows the value and quantity of materials in store.

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The costs of materials, like nails etc., used in manufacturing a motor car are called

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Minimum stock level = Reorder level - ______ x Normal delivery time

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Loss which is inherent in the goods is known as ______ loss.

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_____ is a record of stores received, issued and balance in quantity.

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An element of cost refers to

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Value of container returned to supplier is _____ basic purchase price.

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_____ is the quantity of material for which order is placed at a time.

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A company bought 1000 kg of material at Rs. 8 per kg. Carriage on goods was Rs. 500 and insurance in transit amounted to Rs. 200. Calculate cost per kg of material bought.

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Maximum consumption: 75 units per week, reorder period: 4 to 6 weeks, normal usage: 50 units per week. What is the reorder level?

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Remuneration payable to labourers is called

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Minimum consumption: 100 units per day, maximum consumption: 450 units per day, reorder period: 4 to 8 days. What is the reordering level?

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_____ labour cost can be clearly identified with a product.

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Recording of time of arrival and departure of workers is known as

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______ is the time for which the employer pays but no benefit is obtained.

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Annual usage: 25580 units, cost of materials per unit: Rs. 4.8, ordering cost: Rs. 55, carrying cost (annual): 16% of inventory value. What is the EOQ?

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Under time wage system, wages are paid according to ______ by workers.

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The cost of components bought for manufacturing a motor car come under

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_____ is prepared by stores department.

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Purchase order is prepared by _____ department.

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Under piece rate system, payment of wages is made according to the

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Non-monetary incentives are also called

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Normal working days per month 24 days, wages per month Rs. 2400, a worker attended the factory in a month, for 20 days, and is entitled to leave with pay 2 days. Calculate the earnings.

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Recording of time actually spent by the worker on job is called

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Cost of material that can be conveniently identified is called ____ cost.

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In a production department, 20 workers are engaged. Each worker works for 8 hours a day. There are 25 working days in the month. What is the total labour hours of the department for the month?

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Standard production: 10 units per hour, normal time rate: Rs. 10 per hour. A produced 90 units per day of 10 hours, B produced 120 units per day of 10 hours, what is the piece rate of A and B?

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Overhead cost of a machine cost centre is Rs. 40,000. The machine works for 1 hour during a period. What is the machine hour rate?

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Material consumed = _____ + Purchase of raw material - Closing stock of raw material.

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Reorder quantity: 300 units, minimum level: 200 units, maximum level: 650 units. What is the average stock level?