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MAY 2020 RTP DOUBT
Costing
Can you please check this computation for me? For ROL, Min Level, Max Level and Avg Level, we take avg consumption. But ICAI RTP May 20 has taken periodical consumption. I don't understand that premise. Also days computation for them I think is wrong- They got 14, I'm getting 13 (31-30 + 12) Sorry about the scrappy working.
Answers (4)
Thread Starter
Suraj NarayananBy average consumption, I mean daily consumption. They've taken periodical and that also different quantities of periods so there is no apples to apples comparision either
Re-Order level can be computed by using both formula. One with Maximum and other with Min & Avg.
Still not that clear sir- My doubt is more with how they have taken the quantities- They have directly written the MRN Values and not considered days between different MRNs thereby giving different rates of consumption. In fact, their computed minimum stock level is at least 4 times more than the stock level in the ledger.
Thread Starter
Suraj NarayananStill not that clear sir- My doubt is more with how they have taken the quantities- They have directly written the MRN Values and not considered days between different MRNs thereby giving different rates of consumption. In fact, their computed minimum stock level is at least 4 times more than the stock level in the ledger.
In this type of question, computing averages would be time consuming and difficult.
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