This quiz works best with JavaScript enabled. Home > Cost Accounting > Material Costs > Material Costs – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Material Costs Quiz 1 (3 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Materials are issued from Store to production unit on the basis of ..... A) Material Transfer Note. B) Material Requisition Note. C) Bills of Materials. D) Purchase Requisition Note. Show Answer Correct Answer: B) Material Requisition Note. 2. Under the FSN system of inventory control, inventory is classified on the basis of ..... A) Volume of material consumption. B) Frequency of usage of items of inventory. C) Criticality of the item of inventory for production. D) Value of items of inventory. Show Answer Correct Answer: B) Frequency of usage of items of inventory. 3. Continuous stock taking is a part of ..... A) Annual Stock Taking. B) Perpetual inventory. C) ABC Analysis. D) Bin card. Show Answer Correct Answer: B) Perpetual inventory. Related QuizzesCost Accounting Quizzes 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books