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2.A: TRUE/FALSE Over issuance of material to production department is one of the reasons of stock discrepancy. Invoice is an authorized document sent to the
2.A: TRUE/FALSE
- Over issuance of material to production department is one of the reasons of stock discrepancy.
- Invoice is an authorized document sent to the supplier to order specific materials which contain all necessary details such as quantity, unit price, delivery date and method of shipment.
- From a procurement point of view, material control system is a system that ensures the right quantity of material is provided efficiently when it is required to be used in the production process.
- Among the material cost incurred in manufacturing leather shoes are leather cost, glue cost and wages paid to shoemaker.
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