A. manufacturing sector companies
B. merchandising sector companies
C. service sector companies
D. raw material companies
Related Mcqs:
- The budget sales, plus target ending finished goods inventory, minus beginning finished goods inventory is equal to ___________?
A. budget production
B. planned production
C. setup production
D. stand by production - The standardized technique that is performed repetitively on different kind of materials to convert them into different finished products is known as __________?
A. conversion process
B. operation
C. hybridization
D. both a and b - The production units that do not meet customer specification, but can be sold to other customers as finished goods are classified as ____________?
A. reduced work
B. spoilage
C. rework
D. scrap - The companies in the industry that purchase the finished goods, and further sell the products into the market are classified as ______________?
A. service sector companies
B. raw material companies
C. manufacturing sector companies
D. merchandising sector companies - The costs associated with storage of finished goods such as spoilage, obsolescence and insurance of goods are classified as ___________?
A. carrying costs
B. purchasing costs
C. stock-out costs
D. ordering costs - The spread of over allocated overhead and under allocated overhead among work in process, finished goods and goods sold cost is classified as __________?
A. proration approach
B. appreciation approach
C. depreciation approach
D. adjusted approach - An approach in which, the over allocated and under allocated is spread in, ending balance of finished goods control, is called ___________?
A. allocation approach
B. unadjusted approach
C. proration approach
D. adjusted approach - A push through system, according to which goods are manufactured for finished inventory solely, on the basis of forecasted demand can be classified as ___________?
A. in-time production
B. materials requirement planning
C. on-time production
D. pull strategy of production - If the cost of direct materials use in the goods sold is $5000 and the total revenues are $9000 then the throughput contribution would be ____________?
A. $5,000
B. $14,000
C. $4,000
D. $9,000 - Buying of goods or materials for production in a way that they are delivered directly on the manufacturing facility of company is called ____________?
A. economic order quantity purchasing
B. annual purchasing
C. just in time purchasing
D. both a and b
