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MCQs

Total Questions : 163 | Page 6 of 17 pages
Question 51. If the demand in units are 18000, relevant ordering cost for each year is $150 and an order quantity is 1500, then annual relevant ordering cost would be
  1.    $200
  2.    $190
  3.    $160
  4.    $180
 Discuss Question
Answer: Option D. -> $180
Answer: (d).$180
Question 52. If the relevant opportunity cost of capital is $2950 and the relevant carrying cost of inventory is $6700, then the relevant incremental cost will be
  1.    $9,650
  2.    $2,350
  3.    $3,750
  4.    $2,750
 Discuss Question
Answer: Option C. -> $3,750
Answer: (c).$3,750
Question 53. The profit forgone by capital investment in inventory rather than investment of capital to somewhere else is classified as
  1.    relevant purchase order costs
  2.    relevant inventory carrying costs
  3.    irrelevant inventory carrying costs
  4.    relevant opportunity cost of capital
 Discuss Question
Answer: Option D. -> relevant opportunity cost of capital
Answer: (d).relevant opportunity cost of capital
Question 54. If the relevant incremental costs are $5000 and the relevant opportunity cost of invested capital is $2500, then the relevant inventory carrying costs would be
  1.    $7,500
  2.    $7,000
  3.    $6,500
  4.    $6,000
 Discuss Question
Answer: Option A. -> $7,500
Answer: (a).$7,500
Question 55. An example of shrinkage costs is
  1.    incoming freight
  2.    storage costs
  3.    insurance
  4.    clerical errors
 Discuss Question
Answer: Option D. -> clerical errors
Answer: (d).clerical errors
Question 56. An average inventory in units is multiplied with annual relevant carrying cost of each unit to calculate
  1.    annual irrelevant ordering costs
  2.    annual relevant carrying costs
  3.    annual relevant ordering costs
  4.    annual irrelevant carrying costs
 Discuss Question
Answer: Option B. -> annual relevant carrying costs
Answer: (b).annual relevant carrying costs
Question 57. The relevant incremental costs are added into the relevant opportunity cost of capital to calculate
  1.    purchase order costs
  2.    relevant inventory carrying costs
  3.    irrelevant inventory carrying costs
  4.    relevant ordering costs
 Discuss Question
Answer: Option B. -> relevant inventory carrying costs
Answer: (b).relevant inventory carrying costs
Question 58. A push through system, according to which goods are manufactured for finished inventory solely, on the basis of forecasted demand can be classified as
  1.    in-time production
  2.    materials requirement planning
  3.    on-time production
  4.    pull strategy of production
 Discuss Question
Answer: Option B. -> materials requirement planning
Answer: (b).materials requirement planning
Question 59. If the economic order quantity for one year is 15000 packages and demand in units for one year are 1500 units, then number of deliveries in a year will be
  1.    16
  2.    12
  3.    10
  4.    14
 Discuss Question
Answer: Option C. -> 10
Answer: (c).10
Question 60. The number of purchase orders for each year is multiplied to relevant ordering cost for each purchase order to calculate
  1.    annual irrelevant ordering costs
  2.    annual relevant carrying costs
  3.    annual relevant ordering costs
  4.    annual irrelevant carrying costs
 Discuss Question
Answer: Option C. -> annual relevant ordering costs
Answer: (c).annual relevant ordering costs

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