Invemtory Costs Flashcards
1
Q
Handling costs
A
Include all expenses related to moving any transporting items
2
Q
Carrying costs
A
Total cost of holding an asset , including storage maintenance
3
Q
Acquisition costs
A
Cost purchase materials,shipping, receiving
4
Q
Inspection costs
A
Material received product in process and finished
5
Q
Material overhead cost
A
All costs include purchase storing transport
6
Q
Insurance
A
compensation for specified loss, death in return for payment of a specified premium.
7
Q
Depreciation
A
Refers to loss of value
