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

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

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

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

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