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Q. …………………….is a buffer stock level or safety stock level under which the stock should not be allowed to fall.

Q. The overhead cost incurred from the stage of procurement of raw material till the stage of production of finished goods is known as…… .

Q. Which is not a consideration in a make or buy decision?

Q. The objective(s) of forward purchasing is / are

Q. Classification of cost into factory cost, administrative cost, selling & distribution cost and research and development cost is done on the basis of…………...

Q. The receipt of…………….is the first step in purchase procedure.

Q. The aggregate of indirect material, indirect labour and indirect expenses in termed as…………….

Q. One of the objective of …………….is to avoid under and overstocking of material.

Q. Cost accountancy is the science, art and of cost accountant.

Q. __________ is a request for interim stoppage of work due to non conformance, funding or technical considerations.