Industrial Engineering and Production Management

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.

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.

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.

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.

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.

Question: Break even analysis is a
[A].

short term analysis

[B].

long term analysis

[C].

average of short and long term analysis

[D].

any one of these

Answer: Option A

Explanation:

No answer description available for this question.

Question: Break even analysis represents the relationship between cost and volume.
[A].

True

[B].

False

Answer: Option A

Explanation:

No answer description available for this question.

Question: At the break even point,
[A].

total cost is more than the sales revenue

[B].

total cost is less than the sales revenue

[C].

total cost is equal to sales revenue

[D].

fixed cost is equal to variable cost

Answer: Option C

Explanation:

No answer description available for this question.

Question: A company spends considerable amount on publicity to promote sales. This expenditure in break even chart is shown below the
[A].

fixed cost line

[B].

variable cost line

[C].

total cost line

[D].

sales revenue line

Answer: Option B

Explanation:

No answer description available for this question.

Question: In break even analysis, total cost consists of
[A].

fixed cost + sales revenue

[B].

variable cost + sales revenue

[C].

fixed cost + variable cost

[D].

fixed cost + variable cost + profit

Answer: Option C

Explanation:

No answer description available for this question.