Direct material can be classified as 

In most of the industries, the most important element of cost is

Which of the following is considered to be the normal loss of materials?

In which of following methods of pricing, costs lag behind the current economic values?

Continuous stock taking is a part of

In which of the following methods, issues of materials are priced at pre- determined rate? 

When material prices fluctuate widely, the method of pricing that gives absurd results is

When prices fluctuate widely, the method that will smooth out the effect of fluctuations is

Under the FSN system of inventory control, inventory is classified on the basis of: 

 Form used for making a formal request to the purchasing department to purchase materials is a -