Industrial Engineering and Production Management One of the basic essentials of an incentive plan is that Minimum wages should be guaranteed All standards should be based on time studies Provide incentive to group efficiency performance A differential piece rate system should exist Minimum wages should be guaranteed All standards should be based on time studies Provide incentive to group efficiency performance A differential piece rate system should exist ANSWER DOWNLOAD EXAMIANS APP
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/[1 - (V/P)] (F × V)/P (F × P)/V F/[1 + (V/P)] F/[1 - (V/P)] (F × V)/P (F × P)/V ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management A systematic job improvement sequence will consist of Time study Motion study All of these Job enrichment Time study Motion study All of these Job enrichment ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management Which of the following depreciation system ensures that the interest be charged on the cost of machine asset every year on the book value, but the rate of depreciation every year remains constant ABC charging method Sinking fund method Annuity charging method Straight line method ABC charging method Sinking fund method Annuity charging method Straight line method ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management Works cost implies Primary cost Primary cost + factory expenses Factory cost Factory expenses Primary cost Primary cost + factory expenses Factory cost Factory expenses ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management Gantt chart gives information about Machine utilization Sales Production schedule Scheduling and routing Machine utilization Sales Production schedule Scheduling and routing ANSWER DOWNLOAD EXAMIANS APP
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