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11. Cost unit of a sugar industry can be O A. Per litre O B. Per tonne O C. Per acre O D. Per metre 12. The cost which is to be incurred even when a business unit is closed is called as O A. Shutdown cost O B. Imputed cost O C. Historical cost O D. Sunk cost 22. _is that level of materials in units at which a fresh replenishment order is initiated so that the materials are received O A. Minimum stock level O B. Re-ordering level O C. Maximum stock level O D. Average stock level ...... 23. Buffer stock of material means O A. Average stock of material O B. Maximum stock of material O C. Surplus stock of material O D. Minimum stock of material 24. ABC company Ltd. gives the following details about its material. Annual consumption:2,400 units, Average cost per order:Rs.40, Average price per unit :Rs.20, Holding cost:24% per year, Determine EOQ? O A. 210 units O B. 340 units O C.160 units O D. 200 units 25. The unavoidable loss of material is known as O A. Abnormal loss O B. Nominal loss O C. Normal loss O D. Waste 26. Which of the following helps to reduce idle time. O A. Identifying the causes of idle time O B. All of these O C. Analysing the causes O D. Preventive maintenance of machines. 27. Calculate EOQ, when Annual demand-2400 units, unit price-Rs.2.4, Ordering cost per order Rs.4, storage cost 2%, interest rate 10%, Lead time is half month O A. 300 units O B.260 units O C. 258 units O D. 438 units 28. MRN stands for O A. Material Receipt Note O B. Material Requisition Note O C. Manpower Record Note O D. Machine Return Note 29. ........... Is an authorization to the store keeper to issue raw material O A. Purchase requisition O B. Purchase order O C. Material requisition note O D. None of these 30. Standard time for a job is 40 hours, Actual Time Taken by a worker is 30 Hours, Wage Rate Per Hour is Rs. 20. The worker's Bonus amount as per Rowan Plan is ______ O A. Rs. 200 O B. Rs. 150 O C. Rs.300 O D. Rs. 50 31. Calculate the Re-order level if Minimum consumption = 800 units per month, Maximum consumption = 1500 units per month, Minimum stock level = 2250 units, Average stock level = 4550 units, Minimum delivery period 2 months and Maximum delivery period 4 months. O A. 5,000 Units O B. 6,000 Units C. 8,000 Units D. 6,550 Units 32. In the context of Stock levels, select the odd one out O A. Maximum level O B. Minimum level O C. Economic order quantity O D. Work Certified

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