Industrial Engineering and Production Management
Choose the wrong statement Time study is used to

Determine overhead expenses
Determine the capability of an operator to handle the number of machines
Provide a basis for setting piece prices or incentive wages
Determine standard costs

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Industrial Engineering and Production Management
Value engineering aims at finding out the

Break-even point when machine requires change
Resale value of a product
Major function of the item and accomplishing the same at least cost without change in quality
Depreciation value of a product

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