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Under ABC method of material control the material are classified according...

This question belongs to Commerce Costing
Costing
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Under ABC method of material control, the material are classified according to __________.

Answer & Solution
Correct Answer: Option A
Under ABC method of material control, the material are classified according to its value. The ABC analysis suggests that inventories of an organization are not of equal value. Thus, the inventory is grouped into three categories (A, B, and C) in order of their estimated importance.
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