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

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

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Industrial Engineering and Production Management
Time study is carried out

All of these
By finding all the significant informations regarding the job, work place and machine tool etc
By observing and recording the time taken by the operator for an operation
By breaking up each operation into small elements which are measurable with the help of the measuring device accurately

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