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Industrial Engineering and Production Management

Industrial Engineering and Production Management
Templates are used for

Advancing a programme in automatic machines
Copying complicated profiles
Flow of material
A planning layout

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Industrial Engineering and Production Management
Current assets include

Inventories
Manufacturing plant and equipment
Common stock held by the firm
Manufacturing plant

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Industrial Engineering and Production Management
The wastage of material in the store is taken into account by the following method in the evaluation of the material issued from the store

Primary cost method
Inflated system
Current value method
Fixed price method

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Industrial Engineering and Production Management
In perpetual inventory control, the material is checked as it reaches its

Average value
Maximum value
Middle value
Minimum value

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Industrial Engineering and Production Management
The term 'value' in value engineering refers to

Total cost of the product
Utility of the product
Selling price of the product
Manufactured cost of the product

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Industrial Engineering and Production Management
Production cost refers to prime cost plus

Factory, administration and sales overheads
Factory, administration, sales overheads and profit
Factory and administration overheads
Factory overheads

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MORE MCQ ON Industrial Engineering and Production Management

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