In breakeven analysis, total cost consists of
Fixed cost
Variable cost
Fixed cost + variable cost
Fixed cost + variable cost + overheads
Correct Answer :
C. Fixed cost + variable cost
Related Questions
Performance rating is equal to
Observed performance + normal performance
Observed performance - normal performance
Observed performance × normal performance
None of the above
The disadvantage of product layout is
High initial investment for the specialized facilities
Skilled labour to operate machines
Production time is longer, requiring more goods in inventory
High cost of inspection
The artificial activity, which indicates that an activity following it cannot be started unless, the preceding activity is complete, is known as
Event
Free float
Artificial
Dummy
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
The amount deducted from the salary of workers towards employees provident fund is
Credited into reserves of company
Deposited in nationalised bank
Deposited in post office
Deposited in the account of worker with Provident Fund Commissioner
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
Queueing theory deals with problems of
Material handling
Reducing the waiting time or idle time
Better utilization of man services
Effective use of machines
A-B-C analysis
Is a basic technique of materials management
Is meant for relative inventory control
Does not depend upon the unit cost of the item but on its annual consumption
All of the above
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
PERT analysis is based upon
Optimistic time
Pessimistic time
Most likely time
All of these
The probabilistic time is given by (where to = Optimistic time, tp = Pessimistic time, and tn = Most likely time)
(to + tp + tn)/3
(to + 2tp + tn)/4
(to + 4tp + tn)/5
(to + tp + 4tn)/6
CPM is the
Time oriented technique
Event oriented technique
Activity oriented technique
Target oriented technique
Pick up the correct step used for scheduling a project by C.P.M.
A project is divided into various activities
Required time for each activity is established
Sequence of various activities is made according to their importance
All of the above
Which of the following wage incentive plan is applied to all workers?
Halsey plan
Gantt plan
Emerson's efficiency plan
Rowan plan
In break even analysis, total cost consists of
Fixed cost + sales revenue
Variable cost + sales revenue
Fixed cost + variable cost
Fixed cost + variable cost + profit
The start or completion of task is called
An event
An activity
A duration
None of these
CPM is
Synthesising in concepts
Is built of activities oriented programmes
Is used for repetitive works
All of the above
Merit rating is the method of determining the
Relative values of a job
Workers performance on a job
Worth of a machine
Value of overall production
Bar charts are suitable for
Minor works
Major works
Large projects
All of the above
Valve analysis is particularly of interest when
Jobbing work economics are involved
Production is on large scale
Only few components are involved
Costly equipment is used
Which of the following incentive plans ensures a part of the swing to the worker and rest to the employer?
Emerson efficiency plan
Taylor plan
Halsey premium plan
Gilbert plan
PERT stands for
Programme Estimation and Reporting Technique
Process Estimation and Review Technique
Programme Evaluation and Review Technique
Planning Estimation and Resulting Technique
An optimum project schedule implies
Optimum utilization of men, machines and materials
Lowest possible cost and shortest possible time for project
Timely execution of project
To produce best results under given constraints
A PERT network has three activities on critical path with mean time 3, 8 and 6 and standard deviations 1, 2 and 2 respectively. The probability that the project will be completed in 20 days is
0.50
0.66
0.84
0.95
Discrepancies of bar chart techniques are
Consequential effects of lack in one activity on the finish date
Free time available for an activity can't be predicted
Effective monitoring/controlling can't be done
All of the above
The time taken by a trained worker to perform an operation, while working a steady pace, is known as
Standard time
Normal time
Representative time
None of these
Break-even analysis consists of
Fixed expenses
Variable cost
Sales revenue
All of these
The unit cost in case of batch production is ________ as compared to jobbing production.
Same
Low
High
None of these
Which of the following plans motivates supervisors by paying a premium on time saved by workers?
Halsey plan
Rowan plan
Haynes plan
Emerson's plan
Which one of the following represents a group incentive plan?
Scanlon Plan
Rowan Plan
Taylor Differential Piece Rate System
Halsey Premium Plan