Inventory Management, Just in Time and Costing Methods
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- Inventory Management, Just in Time and Costing Methodsaccounting-mcqs › cost-accounting-mcqs › inventory-management-just-in-time-and-costing-methods
- Published
- 10 May 2023
- Last updated
- 28 May 2026
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Given that the economic order quantity (EOQ) for a year is 15,000 packages and the annual demand is 1,500 units, how many deliveries will be made in one year?
Multiple choice question for Inventory Management, Just in Time and Costing Methods. Select an option, then review the explanation below.
Explanation
To find the number of deliveries, divide the total demand by the EOQ: 15,000 ÷ 1,500 = 10. Therefore, there will be 10 deliveries in a year.
More Inventory Management, Just in Time and Costing Methods MCQs
Practice related questions from the same subject.
- 1.When combining relevant ordering expenses with relevant holding expenses, what is the resulting calculation called?
- 2.To determine ____________, you multiply the purchase order lead time by the quantity of units sold within a given time period.
- 3.To determine ___________, the reorder point is divided by the quantity of units sold per time period.
- 4.In the manufacturing process, what is the term for the phase when accounting journal entries are recorded?
- 5.Which costing method involves skipping certain journal entries in the accounting process?