(1) Lead time 5 weeks, average weekly consumption 28 units. What should be the re- ordering level ? (i) 120 units (ii) 130 units (iii) 140 units (iv) 150 units.

(2) Price per unit Rs 150, annual consumption 2,000 units, ordering cost Rs 300 per order and other charges 20% of cost. What should be the quantity of each order? (i) 150 units (ii) 200 units (iii) 225 units (iv) None of the above.

(3) Bin card is maintained by the (i) Accounts department (ii) Costing department (iii) Stores (iv) None of the above.

(4) Bin card contains (i) Details of the price of raw material lying in the Bin (ii) Details of the price and quantity of raw material lying in the Bin (iii) Details of quantity of material lying in the Bin (iv) None of the above.

(5) Which of the following assumptions hold true for the calculation of Economic Order Quantity? (i) Anticipated usage of material in units is known (ii) Cost per unit of material is constant and known (iii) Ordering cost per order