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Lead time is the time between the time on item reaches ————— and ———- of
Order level, actual receipt
Order level, dispatch of material
Maximum level, minimum level
Order level, maximum level
Cost which cannot be conveniently identified with individual cost unit is called
Indirect labour cost
Caring cost
Direct material cost
Indirect material cost
Any written evidence of a business transaction is known as
Credit note
Voucher
Debit note
Pay-in-slip
Which one of the following is not a negotiable instrument?
Cheque
Promissory note
Bill of exchange
None of the above
In operating expense includes
All of the above
Selling expense
Admin expense
Marketing expense
Costs whose consumption may be identified with specific production units in called
Indirect labour cost
Indirect material cost
Direct material cost
Direct labour cost
Material are charged to production at actual cost under
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