Under ABC method of material control the material are classified according to ........

Costing - Phase (I & II) Basics of Cost Control and Analysis

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Under ABC method of material control, the material are classified according to __________.

its value

its usage

its nature

its availability

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Explanation:

Under ABC method of material control, the material are classified according to its value. The ABC analysis suggests that inventories of an organization are not of equal value. Thus, the inventory is grouped into three categories (A, B, and C) in order of their estimated importance