Production cost refers to prime cost plus
Factory overheads
Factory and administration overheads
Factory, administration and sales overheads
Factory, administration, sales overheads and profit
Correct Answer :
A. Factory overheads
Related Questions
If E is the duration, ES and EF are die earliest start and finish times, LS and LF are latest start and finish times, then the following relation holds good
EF = ES + D
LS = LFD
LF = LS + D
All of the above
The process layout is best suited where
Specialisation exists
Machines are arranged according to sequence of operation
Few number of non-standardised units is to be produced
Mass production is envisaged
Production cost refers to prime cost plus
Factory overheads
Factory and administration overheads
Factory, administration and sales overheads
Factory, administration, sales overheads and profit
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
Gantt chart gives information about
Scheduling and routing
Sales
Production schedule
Machine utilisation
The main disadvantage of line organisation is
Top level executives have to do excessive work
Structure is rigid
Communication delays occur
All of the above
Work study is most useful
Where production activities are involved
In judging the rating of machines
In improving industrial relations
In judging the output of a man and improving it
Scheduling
Prescribes the sequence of operations to be followed
Determines the programme for the operations
Is concerned with starting of processes
Regulates the progress of job through various processes
A systematic job improvement sequence will consist of
Motion study
Time study
Job enrichment
All of these
The most important function of inventory control is
Stock control system
To run the stores effectively
Technical responsibility for the state of materials
All of the above
A company spends considerable amount on publicity to promote sales. This expenditure in break even chart is shown below the
Fixed cost line
Variable cost line
Total cost line
Sales revenue line
The aim of value engineering is to
Find the depreciation value of a machine
Determine the selling price of a product
Minimise the cost without change in quality of the product
All of the above
Standard time is equal to
(Normal time) - (allowances)
(Normal time) + (allowances)
Representative time multiplied by rating factor
Normal time taken by an operation
Gantt chart is used for
Inventory control
Material handling
Production schedule
Machine repair schedules
Break-even analysis can be used for
Short run analysis
Long run analysis
Average of above two run analysis
There is no such criterion
The salient feature of functional organisation is
Strict adherence to specification
Separation of planning and design part
Each individual maintains functional efficiency
All of the above
The production cost per unit can be reduced by
Producing more with increased inputs
Producing more with the same inputs
Eliminating idle time
Minimising resource waste
Statistical quality control techniques are based on the theory of
Quality
Statistics
Probability
All of the above
Bar charts are suitable for
Minor works
Major works
Large projects
All of the above
A dummy activity
Is artificially introduced
Is represented by a dotted line
Does not require any time
All of the above
Current assets include
Manufacturing plant
Manufacturing plant and equipment
Inventories
Common stock held by the firm
The standard time for a job is
Total work content
Base time + relaxation time
Total work content + basic time
Total work content + delay contingency allowance
Emergency rush order can be pushed more effectively in
Job production
Automatic production
Continuous production
Intermittent production
If a worker gets a daily wage of Rs HA, then according to Rowan plan, his maximum daily earnings can be
2 HA
1.33 HA
1.5 HA
1.15 HA
Routing assists engineers in deciding in advance
The flow of material in the plant
The methods of proper utilization of manpower
The methods of proper utilization of machines
The layout of factory facilities
PERT is
An analytic tool in concept
Limit up of event oriented diagrams
Used for research and development projects
All of the above
Product layout is also known as
Analytical layout
Synthetic layout
Static product layout
None of these
Break-even analysis consists of
Fixed expenses
Variable cost
Sales revenue
All of these
The most important objective behind plant layout is
Overall simplification, safety of integration
Economy in space
Maximum travel time in plant
To provide conveniently located shops
In A-B-C analysis, which class of items are generally large in number?
A
B
C
None of these