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Industrial Engineering and Production Management

Industrial Engineering and Production Management
The wastage of material in the store is taken into account by the following method in the evaluation of the material issued from the store

Inflated system
Primary cost method
Current value method
Fixed price method

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Industrial Engineering and Production Management
At the break-even point,

Fixed cost is equal to variable cost
Total cost is more than the sales revenue
Total cost is less than the sales revenue
Total cost is equal to sales revenue

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Industrial Engineering and Production Management
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
500
1000
300

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Industrial Engineering and Production Management
'Value' for value engineering and analysis purposes is defined as

Purchase value
Saleable value
Depreciated value
Function/cost

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Industrial Engineering and Production Management
The technique of value analysis can be applied to

Simple items only
Crash programmer items only
Complicated items only
Any item

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Industrial Engineering and Production Management
Dummy activities are used to

Determine the critical path
Maintain the required net work
Determine the project completion time
None of these

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