Under which of the following inventory control technique, maximum and minimum level of each stock is laid down —

CS Executive · Cost and Management Accounting · PYQS · December 2014
Under which of the following inventory control technique, maximum and minimum level of each stock is laid down —
(A) Min-max plan
(B) Two bin system
(C) Order cycle system
(D) ABC analysis.

Answer & Explanation:

Correct Answer: Option (A)

Correct answer: (A) Min-max plan.

Topics: Material Costing

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