..... is a technique of material cost control which leads to low carrying cost as a result of low investment in inventory

INTRODUCTION TO COST ACCOUNTING

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

____ is a technique of material cost control which leads to low carrying cost as a result of low investment in inventory

A	ABC Analysis
B	JIT Inventory System
C	VED Analysis
D	Perpetual Inventory System

Explanation:

Detailed explanation-1: -Just-in-time (JIT) is a technique which company employs to increase efficiency and decrease waste by receiving the goods only when there is a need during production. This reduces inventory cost as not much inventory is on hold.

Detailed explanation-2: -"Material control, is the system that ensure, the provision of the required quantity of material of the required quality at the required time with the minimum amount of capital tied up".

Detailed explanation-3: -What is Material Control? Material Control is a management function that is concerned with the storage, handling, and use of materials to minimize waste and improve inventory accuracy. This process can be beneficial for companies to reduce costs and improve organization and productivity.

There is 1 question to complete.