The decision model to calculate optimal quantity of inventory to be ordered is called ____________?

Related Mcqs:

1. The sum of beginning work in process inventory units and started units, is subtracted from the sum of ending work in process inventory units and transferred out units of goods, to calculate ____________?

   A. Gross weighted spoilage
   B. inventoriable spoilage
   C. partial spoilage
   D. total spoilage

2. The quantity of produced output is divided by quantity of used input to calculate __________?

   A. targeted productivity
   B. total factor productivity
   C. partial productivity
   D. unused productivity

3. The difference between actual quantity use and input quantity for output is multiplied with budgeted price to calculate ___________?

   A. efficiency deviation
   B. efficiency variance
   C. budgeted variance
   D. usage variance

4. An average inventory in units is multiplied with annual relevant carrying cost of each unit to calculate ____________?

   A. annual irrelevant ordering costs
   B. annual relevant carrying costs
   C. annual relevant ordering costs
   D. annual irrelevant carrying costs

5. If the total sales are $250000, the beginning inventory is $25000 and the ending inventory is $25000, then total production would be ________?

   A. $250,000
   B. $350,000
   C. $300,000
   D. $400,000

6. If the total sales are $355000, the beginning inventory is $23000 and the ending inventory is $15000, then total production would be _________?

   A. $363,000
   B. $463,000
   C. $393,000
   D. $493,000

7. If the budget sales units are 5000, the ending inventory is 4000 units and the beginning inventory is 1000, then the budget production will be __________?

   A. 4000 units
   B. 5000 units
   C. 8000 units
   D. 10000 units

8. If the budget sales units are 2000, an ending inventory is 3000 units and the beginning inventory is 1000, then the budget production would be ______________?

   A. 6000 units
   B. 4000 units
   C. no units
   D. 8000 units

9. If the budget sales units are 8000, the ending inventory is 2000 units and the beginning inventory is 3000, then the budget production would be ___________?

   A. 11000 units
   B. 13000 units
   C. 10000 units
   D. 7000 units

10. 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