a$)$ Cost b$)$ Control c$)$ Contract Value$($di$)$ Consumption

In ABC analysis, ABC explains about

a$)$ Always Better Control b$)$ Availability Based Control c$)$ Access Based Control d$)$

Assumption Based Control

In VFD analysis, VED stands for

a$)$ Value Enabled Deduction

b$)$ Vital Essential Desirable

c$)$ Value Enacted Deduction

d$)$ Vital Effective Desirable

Expansion of LIFO

a$)$ Last In$-$Fresh Out

b$)$ Least In$-$First Out

c$)$ Last In$-$Least Out $($d$)$ Last In$-$Last Out

Materials received first are issued first in

a$)$ HIFO Method

b$)$ LIFO Method

$($c$)$ FIFO Method

d$)$ FILO Method

The total price of the stock divided by number of prices gives

a$)$ Weighted Average Cost

b$)$ Simple Average Cost

c$)$ Cumulative Cost

d$)$ None

The total cost of materials in stock divided by total quantity is

a$)$ Simple Average Cost

b$)$ Cumulative Cost

c$)$ Average Consumption Cost

d$)$ Weighted Average Cost

The predetermined price at which receipts and issues are to be valued is

a$)$ Market Price Method

b$)$ Inventory Price Method

c$)$ Base Stock Method

d$)$ Standard Price Method

Materials that are subject to natural wastage are priced at

a$)$Market Price Method b$)$ HIFO Method

c$)$ Inflated Price Method d$)$ None

The replacement price or the realisable price is$....$

rice.

$($a$)$ Market Price

b$)$ Inflated Price

c$)$ Standard Price

d$)$ Cost Plus Price

The minimum quantity of stock is

$($a$)$ Base Stock

b$)$ Re$-$Order Quantity

c$)$ Average Stock

d$)$ Danger Level Stock

The second major element of cost is