UnitName ChapterName SectionName Questions

Material Cost : Material Cost : Material Cost : Purchase Requisition is a _____ of material.
Documentation Documentation Documentation

Material Cost : Material Cost : Material Cost : _____ _____ shows stock position of Bin.
Documentation Documentation Documentation
_____ _____ _____ shows movement of each item of
Material Cost : Material Cost : Material Cost : material.
Documentation Documentation Documentation

Material Cost : Material Cost : Material Cost : Material control includes control over _____.
Documentation Documentation Documentation
Under _____ _____ _____ stock is verified at the end
Material Cost : Material Cost : Material Cost : of a certain period.
Documentation Documentation Documentation
Under _____ _____ _____ stock is verified
Material Cost : Material Cost : Material Cost : continuously.
Documentation Documentation Documentation
_____ _____ _____ is a technique of selective
Material Cost : Material Cost : Material Cost : control.
Documentation Documentation Documentation
_____ _____ _____ helpful for calculation of cost of
Material Cost : Material Cost : Material Cost : material of a job.
Documentation Documentation Documentation

Material Cost : Material Cost : Material Cost : Purchase order is prepared by marketing manager.
Documentation Documentation Documentation

Material Cost : Material Cost : Material Cost : Purchase order is prepared in 5 copies.
Documentation Documentation Documentation
The function of Receiving Department is to open the
Material Cost : Material Cost : Material Cost : packages.
Documentation Documentation Documentation

Material Cost : Material Cost : Material Cost : Material Requisition is signed by foreman.
Documentation Documentation Documentation

Material Cost : Material Cost : Material Cost : Bill of material is signed by Stores Department.
Documentation Documentation Documentation

Material Cost : Material Cost : Material Cost : Material Inspection Note is signed by sales manager.
Documentation Documentation Documentation
Goods Received Note is prepared by Finance
Material Cost : Material Cost : Material Cost : Department.
Documentation Documentation Documentation
BIN Card shows receipt, issue and balance record of
Material Cost : Material Cost : Material Cost : materials.
Documentation Documentation Documentation
Material Transfer Note shows Transfer of material
Material Cost : Material Cost : Material Cost : from one Department to another Department.
Documentation Documentation Documentation

Material Cost : Material Cost : Material Cost : EOQ is most economical size of order.
Documentation Documentation Documentation
 Carrying cost is incurred to hold inventory in the
Material Cost : Material Cost : Material Cost : stores.
Documentation Documentation Documentation

Material Cost : Material Cost : Material Cost : Ordering cost is incurred to purchase materials.
Documentation Documentation Documentation
Order should be placed with the supplier when
Material Cost : Material Cost : Material Cost : Inventory touches maximum level.
Documentation Documentation Documentation

Material Cost : Material Cost : Material Cost :

Documentation Documentation Documentation ABC analysis is Activity Based costing.

Material Cost : Material Cost : Material Cost : Purchase requisition is

Documentation Documentation Documentation

Material Cost : Material Cost : Material Cost :

Documentation Documentation Documentation Purchase order is

Material Cost : Material Cost : Material Cost :

Documentation Documentation Documentation Material Inspection Note is

Material Cost : Material Cost : Material Cost :

Documentation Documentation Documentation Bin Card is

Material Cost : Material Cost : Material Cost :

Documentation Documentation Documentation A store ledger is

Material Cost : Material Cost : Material Cost :

Documentation Documentation Documentation Bill of materials

Material Cost : Material Cost : Material Cost :

Documentation Documentation Documentation Material control includes

Material Cost : Material Cost : Material Cost : Under periodic inventory control
Documentation Documentation Documentation

Material Cost : Material Cost : Material Cost :

Documentation Documentation Documentation Under perpetual inventory control

Material Cost : Material Cost : Material Cost :

Documentation Documentation Documentation ABC Analysis is
 A B C D

Requirement
Purchase return Supply None of the above

Bin Card
Inspection note Delivery material Store record

Stores ledger
Delivery material Supplier ledger None of the above

Material
Inventory control Control over labour Control over overheads

Periodic Inventory
Continuosly Certain period None of the above

ABC Analysis Bill of Material Perpetual Inventory system

None of the above

Perpetual Inventory system Bill of Material ABC Analysis

None of the above

Bill of Material
Supply of Material Requirement of Material None of the above

True False

True False

True False

True False

True False

True False

True False

True False

True False

True False
True False

True False

True False

True False

an order for supply of a request to return the

materials a requirement of material material purchase return

sent by the purchase a request to return the a request to inspect the acknowledgement of
officer to supplier material material goods

prepared and forwarded to signed by production

the Stores Department signed by the store keeper signed by the supplier manager

a continous record of stock a statement of delivery of a statement of issue of

a inspection note stored materials material
a ledger which shows
an evidence of delivery of movement of each item of
materials a ledger of the supplier materials none of the above

is an invoice sent by the helps to calculate the cost is an inpection record of an acknowledgement of
supplier of materials of a job materials material received

inventory control control over labour control over overheads none of the above

stock is verified at the end stock is verified

of a certain period continuously stock is verified everyday none of the above

stock is verified stock is verified stock is verified at the end

continuously periodically of every quarter none of the above

analysis of A, B and C a technique of selective a technique under which

type of material control. control is always best. none of the above
Answer Solution

Requirement
A

Bin Card
C

Stores ledger
B

Material
B

Periodic Inventory
C

Perpetual Inventory system

C

ABC Analysis
C

Bill of Material
A

B False

A True

A True

A True

A True

B False

B False

A True

A True

A True
A True

B False

B False

B False

A a requirement of material

sent by the purchase

A officer to supplier

prepared and forwarded to

A the Stores Department

a continous record of stock

B stored
a ledger which shows
movement of each item of
C materials

helps to calculate the cost

B of materials of a job

A inventory control

stock is verified at the end

A of a certain period

stock is verified
A continuously

a technique of selective
B control
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3
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