Reorder point is divided by number of sold units for per unit of time to calculate
A. relevant carrying cost
B. relevant ordering cost
C. purchase order lease time
D. number of purchase orders
Answer: Option C
Solution(By Examveda Team)
Reorder point is divided by number of sold units for per unit of time to calculate purchase order lease time.Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
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