Which one of the following statements is true in ABC classification of materials —

CS Executive · Cost and Management Accounting · PYQS · June 2016
Which one of the following statements is true in ABC classification of materials —
(A) 'C' items of material have moderate % of cost and high % of quantity
(B) 'A' items of material have high % of cost and low % of quantity
(C) 'A' items of material have high % of cost and high % of quantity
(D) 'B' items of material have moderate % of cost and low % of quantity.

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Inventory Management

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