At the breakeven point,
Total cost is more than the sales revenue
Total cost is less than the sales revenue
Total cost is equal to sales revenue
Fixed cost is equal to variable cost
Correct Answer :
C. Total cost is equal to sales revenue
Related Questions
The main objective of work measurement is to
Plan and schedule of production
Formulate a proper incentive scheme
Estimate the selling prices and delivery dates
All of the above
The time required to complete a job is established and a bonus is paid to the worker based on the exact % of time saved. This type of incentive plan is known as
Dry work Plan
Halsey Premium Plan
Taylor Plan
Rowan Plan
Which one of the following chart gives simultaneously information about the progress of work and machine loading?
Process chart
Machine load chart
Man-machine chart
Gantt chart
The probability distribution of activity times in PERT follows following distribution
Normal
Binomial
Beta
Exponential
Breakeven point is the point where
Fixed and variable cost lines intersect
Fixed and total cost lines intersect
Variable and total cost lines intersect
Sales revenue and total expensive lines intersect
Gantt chart gives information about
Scheduling and routing
Sales
Production schedule
Machine utilisation
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 Halsey 50-50 plan, wages for the job will be
TR
TR + [(S - T)/2] × R
TR + (S - T) × R
TR + [(S - T)/S] × R
The time of completing a project in network analysis is given by following time of the critical activity meeting at the final triode
Early finish
Early start
Late start
Late finish
Micro motion study is
Analysis of a man-work method by using a motion picture camera with a timing device in the field of view
Motion study observed on enhanced time intervals
Motion study of a sequence of operations conducted systematically
Study of man and machine conducted simultaneously
Tick the odd man out
Taylor
Drucker
McGregor
Galileo
PERT is the
Time oriented technique
Event oriented technique
Activity oriented technique
Target oriented technique
PMTP (predetermined motion time systems) include
MTM (method time measurement)
WFS (work factor systems)
BNTS (basic motion time study)
All of the above
Works cost implies
Primary cost
Factory cost
Factory expenses
Primary cost + factory expenses
Critical path on PERT/CPM chart is obtained by joining the events having
Maximum slack
Minimum slack
Average slack
No slack
Father of industrial engineering is
Jack Gilbert
Gantt
Taylor
Newton
Product layout is used for
Job production
Batch production
Mass production
Any one of these
In a PERT chart
All activities should be numbered
Only important activities should be numbered
Only critical activities are numbered
Only selected activities are numbered
Process layout is employed
Where low volume of production is required
Where similar jobs are manufactured on similar machines
Where machines are arranged on functional basis
All of the above
PERT stands for
Programme Estimation and Reporting Technique
Process Estimation and Review Technique
Programme Evaluation and Review Technique
Planning Estimation and Resulting Technique
In ABC control policy, maximum attention is given to
Those items which consume money
Those items which are not readily available
Those × items which are in more demand
Those items which consume more money
Abbreviated work factor data is applied for
Material handling operation
Maintenance operation
Packing and shipping operation
All of these
The reasons which are basically responsible for the formation of a queue should be that
The average service rate Hess than the average arrival rate
Output rate is linearly proportional to input
Output rate is constant and the input varies in a random manner
All of the above
Motion study involves analysis of
Actions of operator
Layout of work place
Tooling and equipment
All of the above
Which of the following is independent of sales forecast?
Productivity
Inventory control
Production planning
Production control
The two bin system is concerned with
Ordering procedure
Forecasting sales
Production planning
Despatching and expediting
In CPM, the cost slope is determined by
Crash cost/Normal Cost
(Crash Cost - Normal cost)/ (Normal time - Crash time)
Normal Cost/Crash cost
(Normal cost - Crash cost)/ (Normal time - Crash time)
For a product layout the material handling equipment must
Have full flexibility
Employ conveyor belts, trucks, tractors etc.
Be a general purpose type
Be designed as special purpose for a particular application
Pick up the correct statement. Dummy activity on a PERT/CPM chart means, it
Consumes time, but no resources
Consumes resources but no time
Consumes neither time nor resources
Is a dangling event
Which one of the following represents a group incentive plan?
Scanlon Plan
Rowan Plan
Taylor Differential Piece Rate System
Halsey Premium Plan
Queuing theory is associated with
Sales
Inspection time
Waiting time
Production time