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Industrial Engineering and Production Management

Industrial Engineering and Production Management
If ‘F’ is the fixed cost, ‘V’ is the variable cost per unit (or total variable costs) and ‘P’ is the selling price of each unit (or total sales value), then break-even point is equal to

F/[1 + (V/P)]
(F × P)/V
(F × V)/P
F/[1 - (V/P)]

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Industrial Engineering and Production Management
The factors which are to be considered while developing a good wage incentive plan will include

Adequate incentive
Guaranteed basic pay
All of the listed here
Ease of administration

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Industrial Engineering and Production Management
Queuing theory is associated with

Sales
Inspection time
Production time
Waiting time

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Industrial Engineering and Production Management
Bar charts are suitable for

Minor works
Major works
Large projects
All of these

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Industrial Engineering and Production Management
Bin card is used in

Administrative wing
Stores
Workshop
Foundry shop

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Industrial Engineering and Production Management
Line organization is suitable for

Oil refining industries
Spinning and weaving industries
All of these
Sugar industries

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