Materials

Question 1 of 10

The document used to request materials from the store for production is the

Question 2 of 10

Annual demand is 1,800 units, the cost of placing an order is GH₵ 25 and the holding cost is GH₵ 1 per unit per year. Find the economic order quantity.

Question 3 of 10

A record kept by the storekeeper showing quantities received, issued and in hand is a

Question 4 of 10

Reorder level = maximum usage ×

Question 5 of 10

In periods of rising prices, FIFO gives a closing inventory value that is

Question 6 of 10

Under LIFO, issues are priced at the cost of the

Question 7 of 10

Opening stock 100 units at GH¢5; purchases 200 units at GH¢6; 150 units issued. Using FIFO, the cost of issues is

Question 8 of 10

Maximum usage 50 units/day, maximum lead time 10 days. The re-order level is

Question 9 of 10

Annual demand 4,000 units, order cost GH¢50, holding cost 20% of GH¢10 unit price. EOQ is

Question 10 of 10

Annual demand 2,000 units, ordering cost GH¢20 per order, holding cost GH¢2 per unit per year. EOQ is