Show Answer (Detailed Solution Below)Option 3 : Cost of inspection of incoming material Free 20 Questions 20 Marks 20 Mins Explanation: Inventory-carrying costs usually consist of the following elements:
Last updated on Sep 27, 2022 The Numaligarh Refinery Limited (NRL) released the result for NRL GET (Graduate Engineer Trainee) on 22nd November 2021. The exam was conducted on 21st, 22nd, and 23rd of September 2021. A total of 61 vacancies were there. The selection process for NRL GET consists of a Computer Based Test and interview and/or Group Task. The candidates can have a look at the NRL GET Cut-Off from here. Q11.Which one of the following is not a reason for holding inventories?A)To decouple stages of productionB)As a hedge against inflationC)To be able to buy in economical lot sizesD)It increases carrying costs. – Ans Q12.The order cost per order of an inventory is Rs. 400 with an annual carrying cost of Rs. 10 per unit.The Economic Order Quantity (EOQ) for an annual demand of 2000 units is Q13.If we do not identify the correct problem, the best we can hope for is: Q14.Afunction inside another function is called We have textbook solutions for you! The document you are viewing contains questions related to this textbook. Expert Verified c)Sumfunction,d)Test FunctionQ15.In binomial probability distribution, the dependents of standard deviations must includesa)Probability of qb)Probability of pc)Trailsd)All of the above – Ans Q16.The following three questions refer to this information: A bakery makes a limited number ofcroissants each day for sale in its coffee shop. The croissants cost $.80 each to produce andsell for $2.00 each. Leftover croissants are sold in the bakery the following day for $.75 each,and all of those are sold. The excess cost is: Q17.The change in price that results from a rightward shift in demand will be greater if Q18. Mean waiting time in system Q19.in queuing analysis total expected cost is the sum of expected ___plus expected______a)Service costs, arrival costsb)Facility costs, calling costsc)Calling costs, inventory costsd)Service costs, waiting costs – Ans Q20. Simulation is the process of the model of a real system and conducting What are the 4 basic costs of holding inventory?Holding costs are costs associated with storing unsold inventory. A firm's holding costs include storage space, labor, and insurance, as well as the price of damaged or spoiled goods.
Which of the following is a cost of holding inventory?Inventory holding costs are calculated as part of the total inventory costs within a single supply chain. Costs include warehousing, insurance, labor, transportation, depreciation, inventory shrinkage, damaged or spoiled inventory, obsolescence, and opportunity costs.
Which of the following is not a part of holding cost?Which of the following is not a component of holding cost? (d) Taxes.
Which one of the following is not a reason for holding inventory?Anticipated price increase from your suppliers is not one of the reasons why a firm is holding its inventories.
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Which one of the following is not considered to be a cost of holding inventory?
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