Carrying Cost – NBC Institute

MI – May 2022 – L1 – SA – Q1 – Accounting for Cost Elements

Identify a cost that is not a carrying cost in inventory control from the list provided.

Question

Which of the following is NOT a carrying cost under inventory control?

A. Warehouse rent
B. Insurance cost
C. Stores staffing cost
D. Material handling cost
E. Set up and tooling cost

Answer

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Tags: Carrying Cost, Inventory Control, Management Information Systems
Level: Level 1

Topic: Accounting for Cost Elements
Series: MAY 2022

MI – Nov 2022 – L1 – SA – Q4 – Inventory Management

Calculation of Economic Order Quantity (EOQ) using given data

Question

What is the approximate Economic Order Quantity (EOQ) using the following data?
Annual consumption: 30,000 units
Ordering cost: ₦1,000
Purchase price: ₦20 per unit
Carrying cost: 5%

A. 7,746
B. 7,784
C. 7,858
D. 7,900
E. 7,943

Answer

Find Related Questions by Tags, levels, etc.

Tags: Carrying Cost, EOQ, Inventory Control, Ordering Cost
Level: Level 1

Topic: Inventory Management
Series: NOV 2022

MI – May 2022 – L1 – SA – Q1 – Accounting for Cost Elements

Identify a cost that is not a carrying cost in inventory control from the list provided.

Question

Which of the following is NOT a carrying cost under inventory control?

A. Warehouse rent
B. Insurance cost
C. Stores staffing cost
D. Material handling cost
E. Set up and tooling cost

Answer

Find Related Questions by Tags, levels, etc.

Tags: Carrying Cost, Inventory Control, Management Information Systems
Level: Level 1

Topic: Accounting for Cost Elements
Series: MAY 2022

MI – Nov 2022 – L1 – SA – Q4 – Inventory Management

Calculation of Economic Order Quantity (EOQ) using given data

Question

What is the approximate Economic Order Quantity (EOQ) using the following data?
Annual consumption: 30,000 units
Ordering cost: ₦1,000
Purchase price: ₦20 per unit
Carrying cost: 5%

A. 7,746
B. 7,784
C. 7,858
D. 7,900
E. 7,943

Answer

Find Related Questions by Tags, levels, etc.

Tags: Carrying Cost, EOQ, Inventory Control, Ordering Cost
Level: Level 1

Topic: Inventory Management
Series: NOV 2022

Question Tag: Carrying Cost

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MI – May 2022 – L1 – SA – Q1 – Accounting for Cost Elements

Identify a cost that is not a carrying cost in inventory control from the list provided.

MI – Nov 2022 – L1 – SA – Q4 – Inventory Management

Calculation of Economic Order Quantity (EOQ) using given data

MI – May 2022 – L1 – SA – Q1 – Accounting for Cost Elements

Identify a cost that is not a carrying cost in inventory control from the list provided.

MI – Nov 2022 – L1 – SA – Q4 – Inventory Management

Calculation of Economic Order Quantity (EOQ) using given data

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Identify a cost that is not a carrying cost in inventory control from the list provided.

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MI – Nov 2022 – L1 – SA – Q4 – Inventory Management

Calculation of Economic Order Quantity (EOQ) using given data

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MI – May 2022 – L1 – SA – Q1 – Accounting for Cost Elements

Identify a cost that is not a carrying cost in inventory control from the list provided.

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MI – Nov 2022 – L1 – SA – Q4 – Inventory Management

Calculation of Economic Order Quantity (EOQ) using given data

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