The process of setting standards and comparing actual performance with standards with a view to control the cost is ________.

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

This is a point at which the store keeper should initiate purchase requisition for fresh supply It is ________.

This is a level at which normal issue of material are stopped, but issued under special condition It is ________.

Annual usage is 6000 units @ Rs 20 per unit Cost of placing an order is Rs 60 and annual carrying cost of one unit is 10% of inventory value EOQ = __________.