Question 1
Which formula is used to calculate Economic Order Quantity (EOQ)?
Correct Answer:
√(2 × Annual Consumption × Ordering Cost / Carrying Cost per unit per annum)
Question 2
A firm consumes 10,000 units of raw material annually. The ordering cost is ₹50 per order and the carrying cost is ₹1 per unit per annum. What is the Economic Order Quantity (EOQ)?
Correct Answer:
1,000 units
Question 3
What is the primary objective of inventory control in cost accounting?
Correct Answer:
To maintain optimum inventory levels so that production is uninterrupted while minimizing carrying and ordering costs
Question 4
If maximum consumption is 300 units/day and maximum reorder period is 15 days, what is the Reorder Level (ROL)?
Correct Answer:
4,500 units
Question 5
The Reorder Level is 4,500 units, normal consumption is 200 units/day, and normal reorder period is 10 days. What is the Minimum Stock Level?
Correct Answer:
2,500 units
Question 1
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Prepare with the WBCHSE Costing & Taxation Practice Questions - West Bengal Council of Higher Secondary Education Higher Secondary Costing and Taxation Exam practice quiz. This question bank includes 100 questions covering units, rate, hours, cost, and contract. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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WBCHSE Costing & Taxation Practice Questions - West Bengal Council of Higher Secondary Education Higher Secondary Costing and Taxation Exam

This practice set contains 100 questions from the matching question bank and focuses on units, rate, hours, cost, and contract. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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