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 460 300 1000 500 TRUE ANSWER : ? YOUR ANSWER : ?
Work study is concerned with Improving present method and finding standard time Improving production planning and control Motivation of workers Improving production capability TRUE ANSWER : ? YOUR ANSWER : ?
If (R) is the base rate guaranteed per hour, (S) is the standard time for the job and (T) is the actual time, then according to Rowan plan, wages for the job will be TR + [(S - T)/S] × R TR + [(S - T)/2] × R TR + (S - T) × R TR TRUE ANSWER : ? YOUR ANSWER : ?
Time study is used to Determine standard costs Provide a basis for setting piece price or incentive wages Determine the number of machines a person may run All of the these TRUE ANSWER : ? YOUR ANSWER : ?
Which of the following type of layout is suitable for automobile manufacturing concern? Fixed position layout Process layout Product layout Combination layout TRUE ANSWER : ? YOUR ANSWER : ?
In crash program for a project both direct and indirect costs, increase cost is no criterion direct costs increase and indirect costs decrease indirect costs increase and direct costs decrease TRUE ANSWER : ? YOUR ANSWER : ?
Work sampling is applied for Estimation of the percentage utilization of machine tools All of these Estimating the percentage of the time consumed by various job activities Finding out time standards, specially where the job is not repetitive and where time study by stop watch method is not possible TRUE ANSWER : ? YOUR ANSWER : ?
The basic difference between PERT and CPM is that Costs are considered on CPM only and not in PERT Guessed times are used in PERT and evaluated times in CPM Critical path is determined in PERT only PERT deals with events and CPM with activities TRUE ANSWER : ? YOUR ANSWER : ?
Routing is essential in the following type of industry Assembly industry Job order industry Process industry Mass production industry TRUE ANSWER : ? YOUR ANSWER : ?
Product layout is best suited where Product is manufactured in large quantities One type of product is produced All of these Product is standardized TRUE ANSWER : ? YOUR ANSWER : ?