Multiple Choice Questions on indicates the quantity of material that the firm should normally keep in store ........ for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

indicates the quantity of material that the firm should normally keep in store ........

Costing - Phase (I & II) Basics of Cost Control and Analysis
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    __________ indicates the quantity of material that the firm should normally keep in store.

    Minimum level

    Incorrect Answer

    Maximum Level

    Incorrect Answer

    Average Level

    Correct Answer

    Danger Level

    Incorrect Answer
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    Explanation:

    Average Level indicates the quantity of material that the firm should normally keep in store.

    It is calculated as:

    Minimum level + ½ of Re-order Quantity.

    By: Vikas Goyal
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