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Which of the following wage incentive plan is applied to all workers?

Industrial Engineering And Production Management, Mechanical Engineering /
Question: Which of the following wage incentive plan is applied to all workers?
[A].

Halsey plan

[B].

Gantt plan

[C].

Emerson’s efficiency plan

[D].

Rowan plan

Answer: Option A

Explanation:

No answer description available for this question.

Which of the following wage incentive plan is applied to all workers? Read More »

Industrial Engineering And Production Management, Mechanical Engineering

In Emerson’s efficiency plan of wage incentive system, bonus is paid to a worker

Industrial Engineering And Production Management, Mechanical Engineering /
Question: In Emerson’s efficiency plan of wage incentive system, bonus is paid to a worker
[A].

whose output exceeds 67% efficiency

[B].

on the percentage of time saved

[C].

on the percentage of time worked

[D].

on the percentage of standard time

Answer: Option A

Explanation:

No answer description available for this question.

In Emerson’s efficiency plan of wage incentive system, bonus is paid to a worker Read More »

Industrial Engineering And Production Management, Mechanical Engineering

According to Rowan plan of wage incentive system, bonus is paid to a worker

Industrial Engineering And Production Management, Mechanical Engineering /
Question: According to Rowan plan of wage incentive system, bonus is paid to a worker
[A].

whose output exceeds 67% efficiency

[B].

on the percentage of time saved

[C].

on the percentage of time worked

[D].

on the percentage of standard time

Answer: Option C

Explanation:

No answer description available for this question.

According to Rowan plan of wage incentive system, bonus is paid to a worker Read More »

Industrial Engineering And Production Management, Mechanical Engineering

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 Rowan plan, wages for the job will be

Industrial Engineering And Production Management, Mechanical Engineering /
Question: 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 Rowan plan, wages for the job will be
[A].

TR

[B].

[C].

TR + (S – T)R

[D].

Answer: Option D

Explanation:

No answer description available for this question.

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 Rowan plan, wages for the job will be Read More »

Industrial Engineering And Production Management, Mechanical Engineering

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

Industrial Engineering And Production Management, Mechanical Engineering /
Question: 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
[A].

TR

[B].

[C].

TR + (S – T)R

[D].

Answer: Option B

Explanation:

No answer description available for this question.

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 Read More »

Industrial Engineering And Production Management, Mechanical Engineering

Halsey plan of wage incentive

Industrial Engineering And Production Management, Mechanical Engineering /
Question: Halsey plan of wage incentive
[A].

is not applied to all level of workers

[B].

is applied to all level of workers

[C].

does not guarantee minimum wage

[D].

is based upon efficiency of worker

Answer: Option B

Explanation:

No answer description available for this question.

Halsey plan of wage incentive Read More »

Industrial Engineering And Production Management, Mechanical Engineering

Which of the following wage incentive plan guarantees minimum wage to a worker and bonus is paid for the fixed percentage of time saved?

Industrial Engineering And Production Management, Mechanical Engineering /
Question: Which of the following wage incentive plan guarantees minimum wage to a worker and bonus is paid for the fixed percentage of time saved?
[A].

Halsey plan

[B].

Gantt plan

[C].

Rowan plan

[D].

Emerson’s efficiency plan

Answer: Option A

Explanation:

No answer description available for this question.

Which of the following wage incentive plan guarantees minimum wage to a worker and bonus is paid for the fixed percentage of time saved? Read More »

Industrial Engineering And Production Management, Mechanical Engineering

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

Industrial Engineering And Production Management, Mechanical Engineering /
Question: 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
[A].

300

[B].

460

[C].

500

[D].

1000

Answer: Option C

Explanation:

No answer description available for this question.

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 Read More »

Industrial Engineering And Production Management, Mechanical Engineering

If F is the fixed cost, V is the variable cost per unit (or total variable costs) and P is the selling price of each unit (or total sales value), then break even point is equal to

Industrial Engineering And Production Management, Mechanical Engineering /
Question: If F is the fixed cost, V is the variable cost per unit (or total variable costs) and P is the selling price of each unit (or total sales value), then break even point is equal to
[A].

[B].

[C].

[D].

Answer: Option D

Explanation:

No answer description available for this question.

If F is the fixed cost, V is the variable cost per unit (or total variable costs) and P is the selling price of each unit (or total sales value), then break even point is equal to Read More »

Industrial Engineering And Production Management, Mechanical Engineering