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Industrial Engineering and Production Management

Industrial Engineering and Production Management
Two alternatives can produce a product. First have a fixed cost of Rs. 2000 and a variable cost of Rs. 20 per piece. The second method has a fixed cost of Rs. 1500 and a variable cost of Rs. 30. The break even quantity between the two alternatives is

25
50
100
75

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Industrial Engineering and Production Management
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)/2] × R
TR + [(S - T)/S] × R
TR
TR + (S - T) × R

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Industrial Engineering and Production Management
Replacement studies are made on the following basis

Annual cost method
Total life average method
Any one of the above
Rate of return method

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Industrial Engineering and Production Management
Pick up the correct statement about relationship between various floats

Independent float > free float
Independent float = total float
Independent float < free float
Free float = total float

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Industrial Engineering and Production Management
Works cost implies

Factory cost
Primary cost
Primary cost + factory expenses
Factory expenses

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Industrial Engineering and Production Management
The performance of a specific task in CPM is known as

Activity
Event
Contract
Dummy

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