Cost accounting materials

IPCC 688 views 2 replies

Sumanta Das Gupta

Accountant

310 Points Joined August 2011

What is the difference between Re order Level & Re order Quantity ? Again in Mterials Chapter for IPCC, do we have to memorise the formulae for Maximum, Minimum, Reorder, Danger Levels is there a logic behind eac formula ? Can somebody please help ?

Thanks.

Replies (2)

Guest

Rol is the level at which the order should be placed with supplier n roq is the qty to be ordered . And everything has a logic behind it, read the formulas carefully. You will get the logic yourself