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
75
100
Correct Answer :
B. 50
Related Questions
The type of layout used for manufacturing steam turbines, is
Product layout
Process layout
Fixed position layout
Any one of these
The start or completion of task is called
An event
An activity
A duration
None of these
In jobbing production
Highly skilled workers are needed
Unit costs are high
Operations are labour-intensive
All of these
The term 'value' in value engineering refers to
Total cost of the product
Selling price of the product
Utility of the product
Manufactured cost of the product
Frederick W. Taylor introduced a system of working known as
Line organisation
Line and staff organisation
Functional organisation
Effective organisation
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
300
460
500
1000
In the Halsey 50-50 plan, the following are rewarded more
Past good workers
Past poor workers
Past average workers
All of the above
The average time recorded by work study man for an operation is called
Standard time
Normal time
Representative time
None of these
O on a PERT/CPM chart represents
An ordinary event
A significant event representing some milestone
An event to be transferred to other network chart
Dangling event
Gantt charts provide information about
Breakeven point analysis
Production schedule
Material handling layout
Determining selling price
Percent idle time for men or machines is found by
Work sampling
Time study
Method study
Work study
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 of the following statement is wrong?
An activity consumes time and resources whereas an event does not consume time or resources.
The performance of a specific task is called an activity.
An event is an instantaneous point in time at which an activity begins or ends.
The turning of a job on lathe is an event whereas job turned is an activity.
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
Product layout is used for
Job production
Batch production
Mass production
Any one of these
In a line organisation
Responsibility of each individual is fixed
Discipline is strong
Quick decisions are taken
All of these
Under the Apprenticeship Act
All industries have to necessarily train the apprentices
Industries have to train apprentices according to their requirement
All industries employing more than 100 workers have to recruit apprentices
Only industries employing more than 500 workers have to recruit apprentices
The determination of standard time in a complex job system is best done through
Stop watch time study
Analysis of micro-motions
Grouping timing technique
Analysis of standard data system
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
In Emerson's efficiency plan of wage incentive system, bonus is paid to a worker
Whose output exceeds 67% efficiency
On the percentage of time saved
On the percentage of time worked
On the percentage of standard time
Statistical quality control techniques are based on the theory of
Quality
Statistics
Probability
All of the above
What does symbol 'V' employ in work study
Operation
Inspection
Delay/ temporary Storage
Permanent storage
The assumption in PERT is
A project will always be behind schedule, if left uncorrected
Cost of project will always be more than the estimated cost, if no timely corrections are taken
A project can be subdivided into a set of predictable, independent activities
Activities are fixed and can't be changed
Inventory control in production, planning and control aims at
Achieving optimisation
Ensuring against market fluctuations
Acceptable customer service at low capital investment in inventory
Discounts allowed in bulk purchase
Which one of the following represents a group incentive plan?
Halsey Premium Plan
Lincoln Plan
Rowan Plan
Taylor Plan
Which of the following wage incentive plan guarantees minimum wage to a worker and bonus is paid for the fixed percentage of time saved?
Halsey plan
Gantt plan
Rowan plan
Emerson's efficiency plan
Standard time is equal to
(Normal time) - (allowances)
(Normal time) + (allowances)
Representative time multiplied by rating factor
Normal time taken by an operation
The objective of time study is to determine the time required to complete a job by
Fast worker
Average worker
Slow worker
New entrant
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
Actual performance of a task is called
An event
An activity
A duration
None of these