is the method of classification of material for the purpose of control on the basis of value and qu...........

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

_________ is the method of classification of material for the purpose of control on the basis of value and quantity:

ABC analysis

FNDS analysis

VED analysis

JIT system

ABC analysis is one of the most important method of classification of material in manufacturing firms.

Category A items consists of high value but small % of total inventory in quantity.

Category B items consists of average value but average % of total inventory in quantity.

Category C items consists of low value but high % of total inventory in quantity.

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