Works cost implies
Primary cost
Factory cost
Factory expenses
Primary cost + factory expenses
Correct Answer :
D. Primary cost + factory expenses
Related Questions
Gantt charts are used for
Forecasting sales
Production schedule
Scheduling and routing
Linear programming
In steel plant the most important system for materials handling is
Conveyors
Cranes and hoists
Trucks
Locos
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
CPM is the
Time oriented technique
Event oriented technique
Activity oriented technique
Target oriented technique
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
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
Time study is carried out
By finding all the significant informations regarding the job, work place and machine tool etc.
By breaking up each operation into small elements which are measurable with the help of the measuring device accurately
By observing and recording the time taken by the operator for an operation
All of the above
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.
For material transportation, conveyors are used when the prevailing conditions include
Loads are uniform
Routes do not vary
Materials move relatively continuously
All of these
The technique for establishing and maintaining priorities among the various jobs of any project is known as
Event flow scheduling technique
Critical ratio scheduling
Slotting technique for scheduling
Short interval scheduling
A-B-C analysis is used in
CPM
PERT
Inventory control
All of these
Pick up the incorrect statement from the following. A critical ratio scheduling
Establishes the relative priorities among various activities on a common basis
Determines the status of each activity
Adjusts automatically changes in activity progress
None of the above
CPM stands for
Combined Process Method
Critical Path Method
Common Planning Method
Critical Process Method
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
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
Queueing theory deals with problems of
Material handling
Reducing the waiting time or idle time
Better utilization of man services
Effective use of machines
The time required to complete a task is established and a bonus is paid to the worker for every hour he saves from the established time required. This type of incentive plan is known as
Rowan Plan
Taylor Differential Piece rate system
Halsey Premium plan
Day work plan
Bin card is used in
Administrative wing
Workshop
Foundry shop
Stores
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 objective of time study is to determine the time required to complete a job by
Fast worker
Average worker
Slow worker
New entrant
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)
In the perpetual inventory control, the material is checked when it reaches its
Minimum value
Maximum value
Average value
Alarming value
Break-even analysis shows profit when
Sales revenue > total cost
Sales revenue = total cost
Sales revenue < total cost
Variable cost < fixed cost
The deductions for, employees provident fund start
Immediately on joining the service
After 60 days of joining the service
After 100 days of joining the service
After 240 days of joining the service
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 feasible solution to the linear programming problem should
Satisfy the problem constraints
Optimise the objective function
Satisfy the problem constraints and non-negativity restrictions
Satisfy the non-negativity restrictions
PERT
Provides an approach for keeping planning up-to-date
Provides a way for management to require that planning be done on a uniform and logical basis
Permits management to foresee quickly the impact of variations from the plan
All of the above
Works cost implies
Primary cost
Factory cost
Factory expenses
Primary cost + factory expenses
In time study, the rating factor is applied to determine
Standard time of a job
Merit rating of the worker
Fixation of incentive rate
Normal time of a worker
A CPM family includes
CPA (Critical Path Analysis)
CPP (Critical Path Plotted)
CPS (Critical Path Scheduling)
All of the above