Industrial Engineering and Production Management 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 F/[1 + (V/P)] (F × P)/V (F × V)/P F/[1 - (V/P)] F/[1 + (V/P)] (F × P)/V (F × V)/P F/[1 - (V/P)] ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management Job evaluation is the method of determining the Skills required by a worker Relative worth of jobs Contribution of a worker Contribution of a job Skills required by a worker Relative worth of jobs Contribution of a worker Contribution of a job ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management Standard time is defined as Normal time + idle time + allowances Normal time + idle time Only normal time for an operation Normal time + allowances Normal time + idle time + allowances Normal time + idle time Only normal time for an operation Normal time + allowances ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management Under the Apprenticeship Act Only industries employing more than 500 workers have to recruit apprentices 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 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 ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management 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 TR TR + [(S - T)/S] × R TR + (S - T) × R TR + [(S - T)/2] × R TR TR + [(S - T)/S] × R TR + (S - T) × R TR + [(S - T)/2] × R ANSWER DOWNLOAD EXAMIANS APP
Industrial Engineering and Production Management Gantt chart provides information about the Production schedule Proper utilization of manpower Efficient working of machine Material handling Production schedule Proper utilization of manpower Efficient working of machine Material handling ANSWER DOWNLOAD EXAMIANS APP
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