Question
Download Solution PDFWhich of the following inventory costs represents the cost of loss of demand due to shortage in supplies?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFExplanation:-
Shortage or Stockout cost
- Shortage simply means the absence of inventory and the loss associated with not serving the customer is known as Shortage or stockout cost. It includes potential profit delay loss, fast transportation cost
Important Points
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Carrying cost
|
It is the cost associated with storing keeping inventory items in the production system. |
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Procurement cost |
It is the cost of purchasing inventory for sale. |
|
Unit cost |
A unit cost is a total expenditure incurred by a company to produce, store, and sell one unit of a particular product. |
Last updated on Jun 7, 2025
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