Cost and Management Accounting (CMA) MCQs and Notes
V
Q 161. ……………….is used primarily for control of spare parts.
R
Q 162. ………is a technique of material cost control which leads to low carrying cost as a result of low investment in inventory
A
Q 163. Inventory turnover ratio = Cost of inventory consumed during theperiod ÷ Cost of ....................................................held during the period
G
Q 164. The principle types of inventories are raw materials and ,…............and finished goods
G
Q 165. ……….represents that quantity of material which is normally ordered when a particular material reaches reordering level.
A
Q 166. A bill of material is prepared in case of a................................. job
P
Q 167. Bin card is a record of.................. only.
V
Q 168. .........................Accounting is not only a positive science but also a normative science because it includes techniques of budgetary controland standard costing.
P
Q 169. Depreciation is… ........................expenditure.
V
Q 170. Fixed cost per unit................................... with increase in output.
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