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Industrial Engineering and Production Management

Industrial Engineering and Production Management
For a small scale industry, the fixed cost per month is Rs. 5000. The variable cost per product is Rs. 20 and sales price is Rs. 30 per piece. The break even production per month will be

1000
460
500
300

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Industrial Engineering and Production Management
Works cost implies

Factory expenses
Primary cost + factory expenses
Primary cost
Factory cost

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Industrial Engineering and Production Management
Production cost refers to prime cost plus

Factory, administration, sales overheads and profit
Factory, administration and sales overheads
Factory and administration overheads
Factory overheads

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Industrial Engineering and Production Management
The aim of value engineering is to

Minimize the cost without change in quality of the product
All of these
Find the depreciation value of a machine
Determine the selling price of a product

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Industrial Engineering and Production Management
Inventory management consists of

State of merchandise methods of storing and maintenance etc.
Effective running of stores
Stock control system
All of these

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Industrial Engineering and Production Management
In a PERT chart

Only selected activities are numbered
Only important activities should be numbered
Only critical activities are numbered
All activities should be numbered

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