The companies that buy the raw materials and convert them into the finished goods for customers are a part of ____________?

Related Mcqs:

1. 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...

2. 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...

3. 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...

4. 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...

5. 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...

6. 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...

7. 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...

8. 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...

9. 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...

10. 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...